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
Beginning October 1st, CVS will no longer sell tobacco products in any store. NBC's Tom Costello reports the retailer could no longer reconcile the contradiction of promoting health while selling tobacco products.
CVS Caremark says it will stop selling tobacco products, making it the first major pharmacy retailer to voluntarily do so.
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 national drugstore chain in the United States 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.
Scott Mushkin, Wolfe Research analyst, explains why the decision not to sell tobacco products is a good move by CVS.
A look at how the decision to pull cigarettes from their shelves will impact CVS stock, with Nik Modi, RBC analyst.
NBC's Tom Costello reports the latest details on the decision from CVS to remove tobacco products from their stores.
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 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.
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.
The New York City Council on Wednesday held a hearing to debate banning e-cigarettes from public places.
Marlboro says it will get into the e-cigarette business in the second half of 2014 and raised its profits forecast for the next year.
The agency responsible for policing tobacco sales couldn't provide proper records for $127 million worth of cigarettes used in undercover operations.
Current and ex-law enforcement officials warn that a menthol cigarette ban could spark a black market boom in the smokes.
The booming electronic cigarette market will approach nearly $2 billion by the end of 2013, a top tobacco analyst predicts.