DUBLIN, March 3- Ireland on Tuesday became the second country in the world to pass legislation requiring cigarettes to be sold in plain packets, despite threats of legal action by tobacco companies opposed to the move. Japan Tobacco International and Imperial Tobacco Group have said they would take legal action against the plan to ban the colourful logos used...» Read More
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 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.
The nation's second-largest drugstore chain will tweak its corporate name and stop the sale of tobacco nearly a month sooner than planned.
The stratospheric rise of vaping may be halted by increasing regulation.
Twenty-nine state attorneys general have urged the FDA to impose stricter regulations on e-cigarettes,similar to those of traditional cigarettes.
Susan Cameron is confident regulators will allow the tobacco giant to acquire Lorillard for $24.7 billion.
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.
A decision by a Florida jury to impose damages of $23.6 billion against RJ Reynolds is likely to be rejected or reduced on appeal, experts say.
A Florida jury has slammed a tobacco company with $23.6 billion in punitive damages in a lawsuit filed by the widow of a longtime smoker.
A huge merger between tobacco giants Reynolds American and Lorillard will see electronic cigarette leader blu go to another company.
Reynolds American on Tuesday announced plans to acquire Lorillard in a deal the company valued at $27.4 billion.
Tobacco companies Reynolds American and Lorillard have confirmed they're in merger talks. CNBC's David Faber takes a close look at the negotiations.
Sources told CNBC that a Lorillard and Reynolds American merger is weeks away, although the companies have not fully negotiated terms.
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".
Philip Morris cut its 2014 earnings forecast saying it is proving to be a "complex and truly atypical" year for the company.
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.
Electronic cigarettes, promoted as a healthier alternative to tobacco, are getting powerful new backers: big tobacco firms. NYT reports.
Virginia state Sen. Phillip Puckett's resignation may bring new jobs for him and his daughter, but has angered fellow Democrats.