THE RESULTS: Philip Morris International Inc.' s first-quarter profit dropped nearly 12 percent to $1.88 billion as cigarette sales fell in the overseas markets that it serves and it was hurt by foreign exchange rates for the U.S. dollar.» Read More
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 U.S. drugstore chain 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.
The $115 million campaign, to be overseen by the Food and Drug Administration, will target the 10 million young people aged 12 to 17 who are open to trying cigarettes or who are already experimenting with them and are in danger of becoming regular smokers, the FDA said.
The $115 million campaign by the Food and Drug Administration will target the 10 million people aged 12 to 17 who are open to trying cigarettes or who are already experimenting with them and are in danger of becoming regular smokers, the FDA said.
Tobacco lawyers said at the hearing in U.S. District Court in Washington, D.C., that they planned to push forward with an appeal about the wording of the ads, even after they struck an agreement this month with the Justice Department and anti-smoking advocates about what the ad campaign would look like in newspapers and on television.
Tobacco companies that split apart to protect investors from litigation may consider reuniting, especially BAT and Reynolds American.
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.