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.» Read More
British American Tobacco will soon be free to build on its 42 percent stake in Reynolds American Inc. But bankers say British American could also take interest in U.K. rival Imperial Tobacco Group if it can overcome antitrust hurdles in Europe. CNBC's John Jannarone explains.
SHANGHAI, Jan 16- When Qu Liang's wife became pregnant, the 30- year-old Shanghai salesman switched from smoking to "vaping", a practice uncommon in China although it is the world's leading producer of electronic cigarettes. Puffing on the devices, or vaping, is surging worldwide, but it forms only a tiny part of China's 1.2 trillion yuan cigarette business.
BEIJING, Jan 9- China will raise the average purchase price of flue-cured tobacco by 5 percent, the government said on Thursday, as the world's largest tobacco consumer cracks down on the habit that health activists say is partly sustained by cheap cigarettes.
LONDON, Dec 20- Altria Group and Philip Morris International, the makers of Marlboro cigarettes in the United States and internationally, are teaming up to market electronic cigarettes and other "reduced risk" tobacco products.
Like every other UK taxpayer, he will be entitled to a tax credit on any dividend payment he receives. The credit is intended to compensate shareholders for the fact that dividends are paid out of income which has already been subject to UK corporate income tax.
Miguel Martin, LOGIC Technology president, discusses the proposed legislation that would ban electronic cigarettes from restaurants, offices, and parks. Martin also addresses if there are chemicals in e-cigarettes.
Kevin Frija, CEO at Vapor Corp, says the FDA is unlikely to ban e-cigarettes but that regulations are needed "for clarity". Growth will continue even if they're treated as traditional cigarettes, he argues.
Cigar Aficionado just unveiled its No. 1 cigar of 2013 on CNBC, and it's beyond the reach of law-abiding U.S. citizens.
Gordon Mott, executive editor of Cigar Aficionado, showcases this year's top three cigars and explains why this is the "golden age" of cigars.
BRUSSELS, Dec 18- European Union diplomats approved new anti-tobacco legislation on Wednesday, including larger health warnings on cigarette packets and the bloc's first ever rules on electronic cigarettes.
NEW YORK, Dec 11- At the Henley Vaporium, one of a growing number of e-cigarette lounges sprouting up in New York and other U.S. cities, patrons can indulge in their choice of more than 90 flavors of nicotine-infused vapor, ranging from bacon to bubble gum.
The New York City Council on Wednesday held a hearing to debate banning e-cigarettes from public places.
*Russia cracking down on tobacco consumption. MOSCOW/ LONDON, Dec 4- Philip Morris International Inc and Japan Tobacco Inc are buying 20 percent stakes in their Russian distributor Megapolis for $750 million each, strengthening their grip on the world's No.2 cigarette market by volume after China.
*Philip Morris, Japan Tobacco buy stakes for $750 mln each. MOSCOW, Dec 4- Philip Morris International Inc and Japan Tobacco Inc are buying 20 percent stakes for $750 million each in Russian distributor Megapolis, strengthening their grip on the world's No. 2 cigarette market after China.
LONDON, Nov 28- Britain signalled it would force tobacco companies to scrap branded cigarette packaging on Thursday in an attempt to reduce the number of children who may be drawn to smoking by striking and brightly coloured packs.
AMSTERDAM, Nov 28- The Dutch Health Ministry sounded an early warning on Thursday about the possible health risks of electronic cigarettes, announcing plans to clamp down on labelling ahead of European regulations.
Marlboro says it will get into the e-cigarette business in the second half of 2014 and raised its profits forecast for the next year.
Nov 20- Philip Morris International Inc plans next year to enter the electronic cigarette business, a $2 billion- plus global market identified by the maker of Marlboro cigarettes as its "greatest growth opportunity".
Nov 20- Marlboro cigarettes maker Philip Morris International Inc raised its full-year profit forecast, citing a lower impact from unfavorable exchange rates, and said it would enter the e-cigarette business in the second half of 2014.. Analysts on average were expecting Philip Morris to earn $5.39 per share, according to Thomson Reuters I/B/E/S.
LONDON, Nov 5- Imperial Tobacco Group said cost cuts and the launch of electronic cigarettes would help deliver "modest" growth for the new year as it posted slightly better than expected earnings.