Lorillard Falls After FDA Tobacco Chief Named: Atlanta Mover
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Lorillard Inc., the largest U.S. maker of menthol cigarettes, fell the most in five months after the U.S. Food and Drug Administration named a new chief for its tobacco unit.
Lorillard slumped 3.8 percent to $41.15 at the close in New York, its biggest drop since Sept. 12. The shares gave up almost half of their gain this year after having risen 10 percent through yesterday.