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Tobacco

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  • Sept 24- The Illinois Supreme Court on Wednesday agreed to hear Philip Morris USA's appeal of a $10.1 billion verdict accusing the Altria Group Inc unit of misleading consumers about the risks of smoking "light" cigarettes.

  • Insurers turn to big data to help identify risks Wednesday, 17 Sep 2014 | 10:48 AM ET

    MONACO, Sept 17- Insurance companies are increasingly turning to "big data" from satellites, social media and even cigarette sales at gas stations to help identify risks and build up customer profiles. Hamilton Re, a new Bermuda- based reinsurer, hopes that heavy data-crunching technology will give it an advantage over rivals and boost its bottom line.

  • *BAT unit working with Kind Consumer, Consort Medical. LONDON, Sept 12- A new nicotine inhaler to be sold by British American Tobacco has been licensed in the UK as a medicinal product, marking the arrival of a novel alternative to the fast-growing market for electronic cigarettes.

  • LONDON/ NEW YORK, Sept 12- As electronic cigarettes flew off shelves on both sides of the Atlantic in recent years, investors flocked to a business some hope will be the future for tobacco.

  • *BAT unit working with Kind Consumer, Consort Medical. LONDON, Sept 12- A new nicotine inhaler to be sold by a unit of British American Tobacco has been licensed in the UK as a medicinal product, marking the arrival of a novel alternative in the fast-growing market for electronic cigarettes.

  • SEOUL, Sept 11- South Korea on Thursday proposed a tax hike as early as next year that would nearly double cigarette prices as the government tries to reduce one of the world's highest smoking rates among adult males. The proposal, which needs to be approved by parliament, sent shares in dominant tobacco maker, government-backed KT&G Corp, down more than 5 percent.

  • CVS CEO: Happy to say we are tobacco free  Wednesday, 3 Sep 2014 | 9:45 AM ET

    CVS Health CEO Larry Merlo sees CVS Health as a pharmacy innovation company that's helping people on the path to better health. Merlo weighs in on the company's corporate name change and the opportunity to play a bigger role in health care delivery.

  • CVS CEO defends ceasing tobacco sales Wednesday, 3 Sep 2014 | 7:44 AM ET

    The nation's second-largest drugstore chain will tweak its corporate name and stop the sale of tobacco nearly a month sooner than planned.

  • E-cigarettes may be forced out into cold Wednesday, 27 Aug 2014 | 6:25 AM ET

    The stratospheric rise of vaping may be halted by increasing regulation.

  • The 2008 lawsuit against Philip Morris, an Altria Group Inc company, concerns cigarette sales to the Navy Exchange Service Command and the Army and Air Force Exchange Service, both of which operate facilities that sell products to military personnel and their families.

  • CHICAGO, Aug 25- Electronic cigarettes may be more tempting to non-smoking youths than conventional cigarettes, and once young people have tried e-cigarettes they are more inclined to give regular cigarettes a try, U.S. researchers said on Monday.

  • Cuba struggles to attract investors despite reforms Thursday, 21 Aug 2014 | 1:04 PM ET

    HAVANA, Aug 21- Cuba has yet to attract new foreign investors despite launching two major initiatives in the past year, a sign of the lingering caution over doing business with the communist government and its own hesitancy to follow through on free-market-style reforms.

  • Aug 18- A German court has ordered a subsidiary of U.S. tobacco giant Lorillard Inc to stop selling the popular blu e-cigarettes in that country, citing trademark confusion with lighter and fuel products sold by Zippo Manufacturing Co..

  • LOS ANGELES, Aug 17- Biotech drug production techniques based on plants, which may prove to be faster, higher yielding and cheaper than current methods using mammalian cells, haven't caught on with the biggest pharmaceutical companies.

  • State AGs urge stricter e-cig regulations: Report Friday, 8 Aug 2014 | 2:21 PM ET
    A woman uses an electronic cigarette at the Vapor Shark store in Miami.

    Twenty-nine state attorneys general have urged the FDA to impose stricter regulations on e-cigarettes,similar to those of traditional cigarettes.

  • Reynolds American CEO confident of merger approval Friday, 1 Aug 2014 | 6:24 PM ET
    A pack of Camel cigarettes, manufactured by Reynolds American, is in a display rack in a newsstand in London.

    Susan Cameron is confident regulators will allow the tobacco giant to acquire Lorillard for $24.7 billion.

  • Trendy vapor tanks muscling into e-cigarette sales Friday, 1 Aug 2014 | 6:02 PM ET

    A cult following is likely to grow as "vaping" becomes more fashionable and more stores, such as Walmart, carry the battery-powered metal tubes in a wide range of colors.

  • Reynolds CEO: Transforming the tobacco industry  Friday, 1 Aug 2014 | 4:22 PM ET

    Susan Cameron, Reynolds American CEO, discusses the future of the tobacco industry and changing consumer preferences, with CNBC's Sara Eisen and Kelly Evans. Cameron is looking forward to a successful acquisition of Lorillard.

  • Lorillard e-cigarette sales slip as competition rises Wednesday, 30 Jul 2014 | 1:31 PM ET

    July 30- Lorillard Inc. on Wednesday reported significant declines in its electronic cigarettes sales, raising questions about the strength of the nascent market. Sales of its electronic devices dropped 35 percent to $37 million for the second quarter ended June 30, 2014 compared to $57 million for the same period last year.

  • Tobacco tax law cost U.S. billions in revenue -report Tuesday, 29 Jul 2014 | 10:27 PM ET

    The GAO estimated $2.6 billion to $3.7 billion in lost revenue from April 2009 to February 2014 as manufacturers exploited loopholes in the Children's Health Insurance Program Reauthorization Act which raised taxes for smoking-tobacco products.