Lorillard profit up 20 percent

RICHMOND, Va. (AP) — Cigarette maker Lorillard says its net income grew nearly 20 percent in the fourth quarter as it sold more cigarettes at higher prices.Lorillard said today it earned $310 million, or $2.32 per share, for the period ended Dec. 31. That's up from $259 million, or $1.74 per share, the year before.read more...