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Tobacco

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  • Happy holidays: Booze yes, smokes no     Tuesday, 18 Nov 2014 | 4:08 PM ET

    CNBC's Morgan Brennan reports which vice stocks are about to pop into the holiday season; "Fast Money" trader Tim Seymour, provides perspective.

  • Reynolds launching heat-not-burn cigarette Monday, 17 Nov 2014 | 11:03 AM ET

    RICHMOND, Va.— Reynolds American Inc. is launching a cigarette that heats tobacco rather than burning it, hoping to capitalize on the growing appetite for alternatives to traditional smokes. The nation's second-biggest tobacco company said Monday that it will begin selling Revo— a cigarette that uses a carbon tip that heats tobacco after being lit— in...

  • Town's tobacco ban hearing too rowdy, ends early Wednesday, 12 Nov 2014 | 2:07 AM ET

    WESTMINSTER, Mass.— Only a handful of people were able to speak on a proposal that could make the tiny Massachusetts town of Westminster the first in the nation to ban all sales of tobacco products when boos and shouts from the crowd shut down the public hearing Wednesday night. Sixty or more residents in the packed Westminster Elementary school gymnasium were...

  • *Swedish Match looks to expand snus in U.S. market. But the future for main manufacturer Swedish Match may hinge on efforts to convince U.S. authorities these small pouches, banned on health grounds in the rest of the European Union, are less harmful than most other tobacco products. "It could potentially be an important catalyst," Swedish Match CEO Lars Dahlgren...

  • LONDON, Nov 4- Imperial Tobacco Group said it would raise its dividend by at least 10 percent in the next year, signalling confidence that cost cuts will help it to cope with weak consumer spending and higher taxes that weighed on its annual profit. The company also recently floated a portion of its logistics business, Logista, on the Spanish stock exchange, raising...

  • UPDATE 1-Imperial Tobacco results hurt by destocking Tuesday, 4 Nov 2014 | 3:36 AM ET

    LONDON, Nov 4- Imperial Tobacco Group reported declines in full-year revenue and profit on Tuesday, hurt by currency exchange rates and a reduction of inventories in several markets. It has tackled this by cutting costs, including closing factories, resulting in over 60 million pounds of savings in the year to Sept. 30. Adjusted earnings per share fell 3 percent to...

  • NEW DELHI, Oct 30- India is considering a ban on electronic cigarettes over the risks to public health that they may cause, a senior Health Ministry official told Reuters. The World Health Organization in August called for stiff regulation of e-cigarettes as well as bans on indoor use, in the latest bid to control the booming $3 billion global market.

  • WASHINGTON, Oct 29- Cigarette maker Reynolds American's proposal to buy smaller rival Lorillard Inc presents antitrust regulators with a conundrum: Their mandate is to prevent higher prices because of mergers, but U.S. public policy aims to make cigarettes more expensive to discourage smoking. Reynolds, the No. 2 U.S. cigarette maker, said in July it would buy No. 3...

  • Oct 24- E-cigarette seller Electronic Cigarettes International Group Ltd has postponed its public offering due to unfavorable market conditions, an analyst at underwriter Canaccord Genuity told Reuters on Friday. Grand Rapids, Michigan- based Electronic Cigarettes is among a number of e-cigarette companies whose stocks are traded over-the-counter in...

  • Reynolds to adopt no smoking policy     Thursday, 23 Oct 2014 | 10:25 AM ET

    Reynolds American is creating a "no smoking" policy in the office, with the "Squawk on the Street" crew.

  • WASHINGTON, Oct 22- U.S. business and agriculture groups have urged Pacific trading partners not to exclude tobacco from investment protection rules in a new free trade deal under negotiation, warning it would set a bad precedent. The U.S. Chamber of Commerce, American Farm Bureau Federation, National Association of Manufacturers, American Meat Institute and...

  • WASHINGTON, Oct 21- The United States has floated excluding tobacco products from a key section of a 12- nation Pacific trade deal and signaled it may present a formal proposal to trading partners at talks in Australia, sources briefed on the negotiations said. Marlboro maker Philip Morris International is challenging Australia's plain packaging laws, which...

  • Sept 29- Chinese e-cigarette maker Kimree Inc filed to list its shares in the United States at a time when e-cigarette companies are finding it harder to raise capital amid rising competition and increasing regulatory oversight.

  • Chinese e-cigarette maker Kimree files for U.S. IPO Monday, 29 Sep 2014 | 1:33 PM ET

    Sept 29- Chinese e-cigarette company Kimree Inc filed with U.S. regulators on Monday to raise up to $125 million in an initial public offering of American depositary shares. Citigroup is underwriting the IPO, the Guangdong- based company told the U. S Securities and Exchange Commission in a filing.

  • Sept 24- The Illinois Supreme Court agreed on Wednesday to hear Philip Morris USA's appeal of a $10.1 billion verdict accusing the Altria Group Inc unit of misleading consumers about the risks of smoking "light" cigarettes.

  • Sept 24- The Illinois Supreme Court on Wednesday agreed to hear Philip Morris USA's appeal of a $10.1 billion verdict accusing the Altria Group Inc unit of misleading consumers about the risks of smoking "light" cigarettes.

  • Insurers turn to big data to help identify risks Wednesday, 17 Sep 2014 | 10:48 AM ET

    MONACO, Sept 17- Insurance companies are increasingly turning to "big data" from satellites, social media and even cigarette sales at gas stations to help identify risks and build up customer profiles. Hamilton Re, a new Bermuda- based reinsurer, hopes that heavy data-crunching technology will give it an advantage over rivals and boost its bottom line.

  • *BAT unit working with Kind Consumer, Consort Medical. LONDON, Sept 12- A new nicotine inhaler to be sold by British American Tobacco has been licensed in the UK as a medicinal product, marking the arrival of a novel alternative to the fast-growing market for electronic cigarettes.

  • LONDON/ NEW YORK, Sept 12- As electronic cigarettes flew off shelves on both sides of the Atlantic in recent years, investors flocked to a business some hope will be the future for tobacco.

  • *BAT unit working with Kind Consumer, Consort Medical. LONDON, Sept 12- A new nicotine inhaler to be sold by a unit of British American Tobacco has been licensed in the UK as a medicinal product, marking the arrival of a novel alternative in the fast-growing market for electronic cigarettes.