WASHINGTON— The nation's tobacco companies and the Justice Department are including media outlets that target more of the black community in court-ordered advertisements that say the cigarette makers lied about the dangers of smoking, according to a brief filed in U.S. District Court in Washington on Wednesday.» Read More
*India's NSE index marks a record high of 6,574.95. MUMBAI, March 18- Indian shares hit a record high on Tuesday as strong buying by foreign investors continued to bolster blue chips in the lead-up to general elections, especially companies more geared towards the domestic economy such as HDFC Bank.
Attorneys general is 28 states urged Wal-mart and four other retailers to stop selling tobacco products. They said they should not be sold in health stores.
Lorillard is trading higher after a Goldman upgrade. Fast Money traders Pete Najarian and Josh Brown debate their position on the tobacco company.
The companies receiving a letter on Sunday from the group were Wal-Mart Stores Inc, supermarket operators Kroger Co, Safeway Inc, which operate pharmacies, and drugstore chains Walgreen Co and Rite Aid Corp..
Los Angeles is the latest city to restrict the use of e-cigarettes in public places. Miguel Martin, Logic Technology Development president, says the e-cigarette business is currently $2 billion, and discusses how the big players are handling regulations.
Smoke breaks may be costing employers more than they think, with U.K. businesses losing around $14.50 billion a year, according to a new study.
A merger between Reynolds American and Lorillard would have benefits in their domestic market. It could also kick off more deals overseas.
March 3- U.S. tobacco company RJ Reynolds is exploring a bid for rival Lorillard Inc, the Financial Times reported, citing people familiar with the situation. The deal is expected to value Lorillard Inc, known for its Newport menthol cigarettes, in excess of $20 billion, the paper reported.
WASHINGTON, Feb 20- Lobbyists for electronic cigarette companies have been beating a path to the White House, hoping to prevent the administration from imposing strict, and possibly costly, rules on the burgeoning $2 billion industry.
Elaine Coverley, head of equity research at Brewin Dolphin, says companies are taking advantage of the uncertain regulation in the e-cigarette sector by advertising.
Feb 11- CVS Caremark Corp stuck to its 2014 sales forecast on Tuesday, a week after announcing it was giving up its $2 billion a year tobacco business, and said sales at its drugstores are off to a good start this year.
Dave Dorman, CVS Caremark chairman of the board, weighs in on why he is not "surprised" by the weak jobs number, and defends his company's decision to stop selling tobacco products to customers at CVS.
Richard Fisher, Federal Reserve Bank of Dallas president, weighs in on the weak jobs number and the likelihood of the Fed interrupting its tapering program. Also Dave Dorman, CVS Caremark chairman of the board, weighs in on the employment picture.
Stacey Widlitz, SW Retail Advisors, looks at who will profit from CVS's decision to stop the sale of tobacco products.
Beginning October 1st, CVS will no longer sell tobacco products in any store. NBC's Tom Costello reports CVS wants to be an extension of your doctor's office.
Feb 5- CVS Caremark Corp said on Wednesday that it would stop selling tobacco products at its 7,600 stores by October, becoming the first national drugstore chain in the United States to take cigarettes off the shelves.
CNBC's Jim Cramer explains why he thinks CVS' move to end tobacco sales could only work in a fantasy world.
Beginning October 1st, CVS will no longer sell tobacco products in any store. NBC's Tom Costello reports the retailer could no longer reconcile the contradiction of promoting health while selling tobacco products.
CVS Caremark says it will stop selling tobacco products, making it the first major pharmacy retailer to voluntarily do so.
Feb 5- CVS Caremark Corp said on Wednesday that it would stop selling tobacco products at its 7,600 stores by October, becoming the first national drugstore chain in the United States to take cigarettes off the shelf. "I think it will put pressure on other retailers who want to be in healthcare," said CVS Caremark Chief Medical Officer Dr.