WINSTON-SALEM, N.C.— Camel and Pall Mall cigarette maker R.J. Reynolds Tobacco Co. is tapping the head of PepsiCo North America's nutrition division as its new president and chief commercial officer.» Read More
Tobacco companies Reynolds American and Lorillard have confirmed they're in merger talks. CNBC's David Faber takes a close look at the negotiations.
*Lorillard market value is $22.9 bln. LONDON, July 11- U.S. cigarette maker Reynolds American Inc is in talks to acquire rival Lorillard Inc in a multi-billion dollar deal that would include the sale of some brands to Britain's Imperial Tobacco Group Plc, the companies said on Friday.
*Reynolds, Lorillard not available to comment. LONDON, July 11- U.S cigarette makers Reynolds American Inc and Lorillard Inc are in talks on a possible multi-billion dollar disposal to Britain's Imperial Tobacco Group Plc, as part of efforts to ease antitrust concerns over their planned merger.
LONDON, July 11- Imperial Tobacco, the world's fourth-largest tobacco group, said on Friday it was in talks with Reynolds and Lorillard to acquire certain assets and brands that could be sold by the two companies. Reynolds and Lorillard are in advanced talks about a deal that would merge the No.2 and No.3 U.S. cigarette makers, Reuters has previously reported.
LONDON, July 11- Imperial Tobacco, the world's fourth-largest tobacco group, said on Friday it was in talks with Reynolds and Lorillard to acquire certain assets and brands that could be sold by the two groups. "Imperial would proceed with an acquisition only if its terms met strict transaction criteria," it said.
Sources told CNBC that a Lorillard and Reynolds American merger is weeks away, although the companies have not fully negotiated terms.
July 3- Tobacco majors Lorillard Inc and Reynolds American Inc are likely to merge as early as end of July, CNBC reported, citing sources.
LONDON, June 27- Marlboro cigarette maker Philip Morris International is seeking to challenge Europe's new laws on tobacco products, the latest clash between Big Tobacco and governments seeking tighter regulation.
Tom Metzold, portfolio manager at Eaton Vance, says tobacco-maker will have to branch out of traditional cigarettes as the potential for e-cigarettes is "dramatic".
LONDON, June 26- Britain on Thursday published draft regulations that would force tobacco firms to sell cigarettes in unbranded packaging with graphic health warnings as it prepared to legislate on the issue to try to improve public health.
Philip Morris cut its 2014 earnings forecast saying it is proving to be a "complex and truly atypical" year for the company.
June 26- Cigarette maker Philip Morris International Inc cut its earnings forecast for 2014 and said it is proving to be a "complex and truly atypical" year for the company.
June 26- Cigarette and tobacco company Philip Morris International Inc cut its 2014 earnings forecast saying it is proving to be a "complex and truly atypical" year for the company. The Marlboro cigarettes maker now expects to earn $4.87- $4.97 per share, lower than the $5.09- $5.19 per share it expected earlier.
WASHINGTON, June 25- White House changes to proposed rules for tobacco products significantly weakened language detailing health risks from cigars and deleted restrictions that might have prevented online sales of e-cigarettes, published documents show.
An FDA spokeswoman, Jennifer Haliski, said the FDA does not comment on changes to a proposal during the review process but said the period for the public to comment on the proposal is still open until Aug. 8.
Discussing the impact to big tobacco now that e-cigarettes are increasingly more popular, with Steve Malanga, Manhattan Institute senior fellow, and Lee Munson, Portfolio Asset Management CIO.
The British Medical Association voted on Tuesday in favor of a lifelong ban on cigarette sales to people born after 2000.
The rapid growth of electronic cigarette sales poses a rising risk to holders of as much as $96 billion of bonds tied to payments tobacco companies.
JAKARTA, June 24- Cigarette manufactures in Indonesia, one of the world's biggest tobacco markets, began printing graphic health warnings on packets on Tuesday, but they have yet to appear in shops and the companies involved do not seem too worried about plunging sales.
NEW YORK, June 24- The rapid growth of electronic cigarette sales poses a rising but under-appreciated risk to holders of as much as $96 billion of bonds tied to payments tobacco companies make to U.S. states from a sweeping legal settlement in 1998..