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  • Altria Profit Falls on Charge, Kraft Spinoff Wednesday, 18 Jul 2007 | 10:20 AM ET
    Altria's company offices in New York.

    Altria Group posted lower quarterly profit Wednesday, due in part to costs for closing a U.S. cigarette plant and moving some production to Europe as it attempts to cut costs and reduce excess capacity.

  • England Smoking Ban Takes Effect Monday, 2 Jul 2007 | 2:15 AM ET

    Smoking was banned from Sunday in all public buildings in England, including pubs, movie theaters, shopping malls -- and even Buckingham Palace.

  • Smoking Ban a Plus and Problem for English Firms Friday, 29 Jun 2007 | 4:27 AM ET

    With a ban on smoking in all enclosed public spaces coming into force in England on Sunday, analysts predict nightclubs, casinos and bingo firms will be hardest hit while restaurants will be the biggest beneficiaries.

  • Imperial Tobacco, CVC Mull Bids For Altadis Thursday, 28 Jun 2007 | 11:12 AM ET

    Altadis Chief Executive Antonio Vazquez said Thursday that prospective bidders for the tobacco company have finished their due diligence.

  • Reynolds Shares Up Ahead of Star Patent Ruling Tuesday, 26 Jun 2007 | 3:10 PM ET

    Shares of Reynolds American were up more than 3 percent Tuesday ahead of a ruling in a patent infringement case filed against the maker of Camel and Salem cigarettes.

  • Movie Smoke-Out Debate: Hysteria vs. Health Friday, 11 May 2007 | 2:21 PM ET

    The Motion Picture Association of America announced Thursday that movies that “glamorize” smoking could soon be slapped with an “R” rating. Is the MPAA caving in to special-interest pressure -- and will the push for a Hollywood smoke-out curb smoking? Marc Dann, Ohio state attorney general, and Gary Nolan, spokesman for The Smokers Club, debated the issue on “Morning Call.”

  • Altadis Posts 6% Increase in First-Quarter Net Profit Thursday, 10 May 2007 | 4:53 AM ET

    European tobacco company Altadis said Thursday first-quarter net profit rose more than 6%, recovering after a damaging price war a year earlier.

  • CVC And PAI Make $17.42 Billion Bid for Altadis Friday, 4 May 2007 | 7:40 AM ET

    Altadis said on Friday private equity groups CVC and PAI have made a 12.8 billion euro ($17.42 billion) offer for the Franco-Spanish tobacco group, trumping an offer by Britain's Imperial Tobacco.

  • Imperial Tobacco First-Half Earnings Rise 13% Tuesday, 1 May 2007 | 3:11 AM ET

    Imperial Tobacco made no mention of its attempted takeover of Spanish rival Altadis alongside interim results, which revealed a 13% rise in first-half earnings, largely in-line with expectations. The world's fourth-largest cigarette group added that it anticipates the full-year outcome meeting expectations.

  • Loewssaid first-quarter profit rose 42%, topping Wall Street forecasts, helped by better-than-expected results from its insurance, tobacco and oil drilling units.

  • Private Equity CVC Prepares Bid for Altadis: Source Thursday, 12 Apr 2007 | 9:28 AM ET

    Private equity group CVC Capital Partners is preparing a counterbid for Franco-Spanish tobacco firm Altadis, a source close to the deal told Reuters on Thursday.

  • Kraft Foods Chief Executive Irene Rosenfeld said Monday she expects the nation's largest food company to show strong growth in the future.

  • Altria Sets Ratio For Kraft Spinoff Tuesday, 20 Mar 2007 | 11:25 AM ET

    Altria Group said its shareholders will receive 0.692024 of a Kraft Foods share for each Altria share held as of the close of business on March 16 as it completes its spinoff of the largest North American food maker.

  • Imperial approached Altadis last Wednesday with a 45-euro-a-share bid and looked for friendly talks. But the Madrid-based group rejected the bid late Friday, and a person familiar with Altadis said 53 euros a share would be an "adequate" value.

  • Altria Reportedly Monitoring Imperial Bid for Altadis Sunday, 18 Mar 2007 | 10:23 AM ET

    Britain's Imperial Tobacco will continue to push for a deal to acquire Franco-Spanish tobacco company Altadis, which rejected an offer of 45 euros ($59) a share.

  • European Stocks to Watch Friday, 16 Mar 2007 | 11:37 AM ET

    Here some of Friday's big movers on European stock markets: Boehler-Uddeholm, Verbund, Thomson, Bekaert, Imperial Tobacco, Unilever, TUI, Dexia and Pirelli.

  • European Stocks to Watch Thursday, 15 Mar 2007 | 10:34 AM ET

    Here some of Thurday's big movers on European stock markets: Altadis, Imperial Tobacco, Pirelli, Cap Gemini, Swedish Match, Omega Pharma and AstraZeneca.

  • Imperial Confirms $15.2 Billion Cash Bid for Altadis Thursday, 15 Mar 2007 | 6:51 AM ET

    Britain's Imperial Tobacco on Thursday confirmed it had made a bid approach to Altadis at 45 euros a share in cash valuing the Spanish firm at 11.5 billion euros ($15.2 billion).

  • A Truly Smokin’ Opportunity Tuesday, 13 Mar 2007 | 6:27 PM ET

    In a market like this, the best offense is a good defense. And there’s no better play than cigarettes for that game plan.

  • In Stocks, Vice Beats Virtue Friday, 2 Mar 2007 | 6:54 PM ET

    Sin pays. You can invest in good corporate citizens and go nowhere, or you can get down with alcohol, tobacco and firearms to really make some money. Don’t believe us? Here’s proof.