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Tobacco

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  • OTTAWA, June 1- Three tobacco companies said on Monday they would appeal a Canadian court ruling that awarded more than C $15 billion in damages to Quebec smokers in two related class action cases. Imperial Tobacco Canada, a subsidiary of British American Tobacco PLC, JTI-Macdonald Corp, part of Japan Tobacco Inc Group and Rothmans, Benson& Hedges Inc- a subsidiary...

  • OTTAWA, June 1- Three tobacco companies said on Monday they would appeal a Canadian court ruling that awarded more than C $15 billion in damages to Quebec smokers in two related class action cases. The damages would compensate about 100,000 Quebec smokers and ex-smokers who alleged that the companies knew they were selling a harmful product that was causing...

  • Sam Brownback told top Kansas lawmakers Friday that he has a new plan for raising taxes, with the GOP- dominated Legislature still sharply divided over how best to close a budget shortfall. But no consensus has emerged among GOP lawmakers, and some conservatives want to avoid tax increases. The state's budget problems arose after the Legislature slashed...

  • Reynolds deal comes out smoking   Wednesday, 27 May 2015 | 10:00 AM ET
    Reynolds deal comes out smoking

    Reynolds American wins U.S. antitrust approval to buy rival Lorillard.

  • Asia stocks uneven as Greece deadline looms, Tokyo gains Wednesday, 27 May 2015 | 2:58 AM ET

    Investors remain focused on Greece's debt problems. MERGER APPROVAL: Tobacco companies Lorillard and Reynolds American rose after the Federal Trade Commission gave its tacit approval to the companies' $27.4 billion merger. Lorillard, maker of Newport cigarettes, was up 84 cents, or 1.1 percent, to $72.96.

  • Reynolds American wins US approval to buy Lorillard Tuesday, 26 May 2015 | 7:20 PM ET
    Newport cigarettes, made by Lorillard Inc.

    Reynolds American won U.S. antitrust approval to buy rival Lorillard in a deal that would combine the No. 2 and No. 3 U.S. cigarette companies.

  • WASHINGTON, May 26- Reynolds American Inc won U.S. antitrust approval on Tuesday for its deal to buy smaller rival Lorillard in a deal that would combine the No. 2 and No. 3 U.S. cigarette companies. Reynolds, which makes Camel and Pall Mall cigarettes, said in July it would buy Lorillard, which makes Newport, for $27.4 billion. Altria Group, which owns Marlboro, has a 47...

  • WASHINGTON, May 26- Reynolds American Inc won U.S. antitrust approval on Tuesday for its deal to buy smaller rival Lorillard in a deal that would combine the No. 2 and No. 3 U.S. cigarette companies. The Federal Trade Commission said it would allow the deal to go forward in condition that the companies sell four cigarette brands- Winston, Kool, Salem, and Maverick.

  • WASHINGTON, May 22- A U.S. federal appeals court on Friday ruled that tobacco companies cannot be forced to announce publicly that they deliberately deceived the public over the health risks of cigarettes. The U.S. Court of Appeals for the District of Columbia Circuit ruled against the manufacturers on several other issues as it considered a long-running...

  • WASHINGTON— America's largest tobacco companies must inform consumers that cigarettes were designed to increase addiction, but not that they lied to the public about the dangers of smoking, a federal appeals court ruled on Friday. The ruling from the U.S. Court of Appeals for the District of Columbia Circuit is a partial win for cigarette makers in the...

  • INSIGHT-Is nicotine all bad? Tuesday, 19 May 2015 | 5:59 AM ET

    LONDON, May 19- Since he ditched Marlboro Lights five years ago, Daniel's fix is fruit-flavoured nicotine gum that comes in neat, pop-out strips. He gets through 12 to 15 pieces a day and says he has "packets of the stuff" stashed all over. Psychologists and tobacco-addiction specialists, including some in world-leading laboratories in Britain, think it's now time...

  • Tobacco CEO: If you start smoking, try this Thursday, 7 May 2015 | 12:03 PM ET
    Andre Calantzopoulos, CEO of Philip Morris.

    Philip Morris International wants smokers to move to "reduced risk" products, CEO Andre Calantzopoulos tells CNBC.

  • Tobacco's new product line: CEO   Thursday, 7 May 2015 | 7:45 AM ET
    Tobacco's new product line: CEO

    André Calantzopoulos, Philip Morris International CEO, talks about the future of the tobacco industry and a new segment they're calling "reduced risk products."

  • ISIS fight hits Imperial Tobacco results Wednesday, 6 May 2015 | 3:13 AM ET

    Imperial Tobacco's underlying net revenue took a 3 percent hit in its growth markets due to instability in Iraq in the 6 months to March.

  • NEW YORK, May 1- On a recent morning, Roger Tarazon and several friends gathered a few blocks from their Queens, New York high school. Some smoked traditional cigarettes, but Tarazon and a few others puffed on electronic vaping devices. "Sometimes I use it to relax," the 18- year-old senior said of the device.

  • NEW DELHI, April 24- India is committed to boosting the size of health warnings on tobacco products, the government said on Friday, seeking to deflect criticism for delaying tougher new packaging rules beyond a deadline of April 1. India ranks 136th on a list of 198 countries that use such warnings to deter smokers, the Canadian Cancer Society said in a report last...

  • GENEVA, April 23- Secret negotiations on international trade deals threaten human rights, an independent United Nations expert said on Thursday in comments that appeared aimed at agreements the United States is seeking with the European Union and Pacific nations. The United States, Japan and 10 other countries are racing to conclude the Trans-Pacific...

  • *NTT Docomo hits 11- year high. TOKYO, Apr 23- Japanese stocks rose on Thursday as investors sought to pick up stock seen as undervalued and presenting positive earnings prospects, with the likes of Nomura Holdings and large cap Japan Tobacco surging on strong demand. Large-cap Japan Tobacco Inc was Tokyo's biggest gainer, climbing 4.8 percent.

  • April 16- Philip Morris International Inc's shares are on track for their best day in over six years after the maker of Marlboro cigarettes raised its full-year profit forecast as it sold more cigarettes at higher prices, especially in Europe. Philip Morris's shares rose as much as 8.3 percent on Thursday, their biggest intraday percentage gain since November...

  • Zimbabwe takes tobacco road to agriculture recovery Thursday, 16 Apr 2015 | 3:52 AM ET

    HARARE, April 15- Fifteen years after Zimbabwe's agriculture sector collapsed in the face of President Robert Mugabe's seizure of white-owned farms, its tobacco industry is again booming, with black farmers funded by private firms producing a near record crop. Production of tobacco, increasingly sold at a premium to China, was up 235 percent last year compared...