RICHMOND, Va.— Marlboro maker Altria Group posted flat second-quarter earnings Tuesday as higher prices helped to offset decline in the number of cigarettes it sold.» Read More
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..
WASHINGTON, June 18- U.S. senators heavily criticized the marketing practices of e-cigarette companies on Wednesday, saying their use of glamorous models, celebrities and cartoon characters attracts children and risks creating a new generation of nicotine addicts at a time when traditional smoking rates are declining.
BAYREUTH, Germany, June 18- It takes a British American Tobacco factory machine three minutes to load 4 million cigarettes onto a truck in northern Bavaria- but it can take a lot longer to figure out whether those cigarettes end up where they should.
Electronic cigarettes, promoted as a healthier alternative to tobacco, are getting powerful new backers: big tobacco firms. NYT reports.
NEW YORK, June 11- Imperial Tobacco Group Plc is evaluating a deal for assets likely to be divested from Reynolds American Inc and Lorillard Inc if the two U.S. tobacco companies proceed with a proposed combination, according to people familiar with the matter.
LONDON, June 11- Japan Tobacco Inc has agreed to buy the maker of E-Lites, a leading brand of e-cigarettes in Britain, giving it entry into the fast-growing market for tobacco alternatives. Japan Tobacco said on Wednesday that it had agreed to buy all outstanding shares of E-Lites' parent company Zandera, founded in 2009..
WASHINGTON, June 10- E-cigarette use should be banned on domestic flights and those to or from the United States, seven U.S. senators said on Tuesday in a letter urging the Department of Transportation to finalize rules proposed almost three years ago.
*Logista value could be circa 1.1 bln stg- analyst. LONDON, June 10- Imperial Tobacco Group plans to list its European logistics division Logista on the Spanish stock market, the British company said on Tuesday.
LONDON, June 10- Imperial Tobacco Group is to seek a listing for its European logistics division Logista on the Spanish stock market, the British company said on Tuesday, as it focuses on its core cigarettes business.