Altria Group Inc, Reynolds American Inc and Lorillard Inc dismissed their case after the FDA on May 29 said it would review whether to mandate advance approval for label alterations such as changes to logos and background colors, or the use of descriptors such as "premium tobacco." In their April lawsuit filed in federal court in Washington, D.C., the companies said...» Read More
Most people know that tobacco is America's original cash crop, that smoking is stigmatized in modern American society and that tobacco farmers are a dying breed. But did you know that there's a thriving black market for cigarettes? And that 50 million Americans a day light up?
Pill vs. cigarette. They both have pros and cons as consumer products. But if there is a battle to bring recreational cannabis to market, most believe tobacco companies would have the upper hand over drug companies.
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There are good buying opportunities in the equity markets right now, Daniel Stillhart, technical analyst at LB Swiss, told CNBC Monday.
Whether you favor the lighter claro wrappers or the darker maduro, see what Cigar Aficionado's editors select as their choice sticks for this season.
The international tobacco market is the way to go for investors who want to keep their money safe in this volatile economy, says Charles Norton, co-portfolio manager at Vice Fund.
Altria Group Thursday posted quarterly profit that slightly beat analysts estimates and said market share for its Philip Morris USA unit's cigarettes rose.
European earnings were mixed Thursday, with telecoms reporting results in line or above forecasts, while energy companies and financials posted profit declines or figures below market expectations.
U.S. tobacco market is the way to go for investors who want to keep their money safe, says Nik Modi, a tobacco analyst at UBS.
Richard "Dickie" Scruggs, who became one of the wealthiest civil lawsuit attorneys in the country by taking on tobacco, asbestos and insurance companies, was sentenced to five years in prison for conspiring to bribe a judge.
Imperial Tobacco Group said Thursday that it plans to slash its work force by around 6 percent as part of its restructuring plans after its recent takeover of Spanish rival Altadis.
The U.S. Supreme Court said Monday that it would hear a Philip Morris USA appeal seeking to overturn a $79.5 million punitive damages award won by the widow of a longtime Oregon smoker.
New Yorkers start paying the highest cigarette taxes in the nation Tuesday with the latest $1.25 spike per pack that officials expect to bring in $265 million a year.
Plain packs a risk to UK cigarette profits-analysts British cigarette makers face a new and serious risk to their profits if the UK government rules that cigarettes should only be sold in plain packaging, undermining the power of brands, analysts said on Monday.
Chief executives from around Europe discussed their companies' earnings, opportunities and the challenges they face in 2008 with CNBC Europe Wednesday.
Shares of Philip Morris International, the world's largest non-state-owned cigarette maker, rose as much as 5 percent Monday morning in their first day of trading after the company was spun off from Altria Group.
European earnings failed to drive broader European markets higher, as disappointing numbers from bigger names and cautious guidance mostly pushed shares in reporting companies lower.
A new WHO report does not single out tobacco companies by name, but anti-tobacco groups have sounded the alarm about aggressive expansion in emerging markets by cigarette makers like Altria's Philip Morris International unit, which is set to be spun off as an independent company in March.
Wyeth Thursday forecast flat revenue and lower earnings for 2008 due to suddenly erupting generic competition for its blockbuster Protonix heartburn medicine and assumptions about possible generic competition for other medicines.
Altria Group posted lower quarterly profit on Wednesday due to the spinoff last year of Kraft Foods, and set March 28 as the date for its planned spinoff of Philip Morris International.