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Tobacco

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  • World's Most Expensive Cigars and Cigarettes Monday, 28 Feb 2011 | 3:39 PM ET
    An estimated 50 million people in the United States alone light up a cigar or cigarette every day. While the vast majority smoke standard-quality products — which certainly don't come cheap — some take their smoking rituals to another level, paying a hefty price for the luxury and relaxation that smoking can provide.Some companies create promotional products or gimmicks, like the famed $100,000 Lucky Strikes sold in 2007. The cigarettes came in eight carat white gold packages displaying a large

    While the vast majority smokers buy standard-quality products, some take their smoking rituals to another level, paying a hefty price for the luxury and relaxation that smoking can provide.

  • There's no better example of the law of unintended consequences than cigarette taxes in the United States.  Each state sets its own rate, and the disparity is huge. Missouri's state cigarette tax is 17 cents. It's $4.35 in New York. What's the unintended consequence? Crime.

  • For Today's Tobacco Farmers, It's Diversify or Die Thursday, 24 Feb 2011 | 11:37 AM ET

    Tobacco is not just a commodity. It is a culture. It is a way of life, as well as a multi-billion dollar business. And it is the most controversial crop on the planet. In many parts of the country, it is the most lucrative crop per acre. Even with huge increases in prices for wheat, corn and soybeans, which average about $300 per acre, nothing makes more money than $1,500-per-acre tobacco.

  • CNBC Quiz: The History of Tobacco Thursday, 24 Feb 2011 | 11:21 AM ET
    Cigarette in ashtray

    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?

  • Business Model Debate: Big Tobacco Vs. Big Pharma Tuesday, 4 May 2010 | 12:40 PM ET
    A pharmaceutical pill bottle with marijuana cigarettes coming out of the top.

    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.

  • Philip Morris Thai Faces $2 Billion Tax Charges Friday, 4 Sep 2009 | 12:12 AM ET

    1st paragraph of story should go here

  • Charts: Good Buying Opportunities in Stocks Monday, 29 Dec 2008 | 8:56 AM ET

    There are good buying opportunities in the equity markets right now, Daniel Stillhart, technical analyst at LB Swiss, told CNBC Monday.

  • A Dozen Fine Cigars Tuesday, 11 Nov 2008 | 9:01 AM ET
    Love em or hate em, for centuries cigars have been the choice tobacco product for millions of smokers and like fine wine, has been universally recognized as a sophisticated vice of the well-heeled connoisseur. The US spends more than $1 billion a year on the often sneered at stogie and its impact on popular culture has grown with celebrities such as James Gandolfini's character Tony Soprano who was rarely seen without one protruding from his face.Whether you favor the lighter claro wrappers or t

    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.

  • Global Tobacco Stocks Sizzle Thursday, 21 Aug 2008 | 11:20 AM ET

    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 Profit Tops Estimates, But Shares Fall Thursday, 31 Jul 2008 | 11:37 AM ET
    Altria's company offices in New York.

    Altria Group Thursday posted quarterly profit that slightly beat analysts estimates and said market share for its Philip Morris USA unit's cigarettes rose.

  • The Good, The Bad, The Ugly of Euro Earnings Thursday, 31 Jul 2008 | 4:51 AM ET

    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.

  • Profiting from Tobacco Stocks Tuesday, 1 Jul 2008 | 3:45 PM ET

    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.

  • Anti-Tobacco Attorney Slapped with 5 Years in Prison Friday, 27 Jun 2008 | 5:15 PM ET

    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 to Cut 6% of Staff Thursday, 19 Jun 2008 | 7:28 AM ET

    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.

  • US Top Court to Hear Philip Morris Damages Appeal Monday, 9 Jun 2008 | 11:35 AM ET
    Altria's company offices in New York.

    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.

  • N.Y. Smokers Start Paying Highest Tax in US Tuesday, 3 Jun 2008 | 5:58 AM ET

    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.

  • Cigarette Packs May Go Plain in UK Monday, 2 Jun 2008 | 11:48 AM ET

    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.

  • A View from the Top: What the CEOs are Saying Wednesday, 7 May 2008 | 9:39 AM ET

    Chief executives from around Europe discussed their companies' earnings, opportunities and the challenges they face in 2008 with CNBC Europe Wednesday.

  • Philip Morris International Shares Rise in Debut Monday, 31 Mar 2008 | 11:12 AM ET

    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.

  • Major European Companies Report Mixed Earnings Thursday, 28 Feb 2008 | 6:53 AM ET

    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.