LOUISVILLE, Ky.-- Kentucky's farm economy shifted into over-drive as a money maker this year, backed by robust equine, poultry and cattle markets and predictions of record grain yields that are putting total cash receipts on a rapid trajectory toward $6 billion, agricultural economists said Thursday.» Read More
British tobacco firm Gallaher Group Plc, which is being taken over by Japan Tobacco, on Friday reported a 4.9% rise in 2006 profits and said current trading is in line with expectations.
A closely divided U.S. Supreme Court overturned a $79.5 million punitive-damages award against Altria Group's Philip Morris USA unit, in what is being seen as a victory for both the tobacco company and the corporate world.
The U.S. Supreme Court today declined to hear a constitutional challenge by tobacco companies to Minnesota's 75-cent-per-pack health impact fee on cigarettes.
Britain's Imperial Tobacco said on Thursday it had agreed to buy Commonwealth Brands, the fourth-biggest cigarette maker in the United States, for 974 million pounds ($1.9 billion) in cash.
It's a stock-watcher's cliché to call Altria shares "smoking" -- but don't tell that to Bonnie Herzog. She's a beverage and tobacco analyst at Citigroup, and she says the company formerly known as Philip Morris is, yes, on fire.
Fourth-quarter earnings of $1.27 outpaced a Thomson Financial consensus estimate of $1.22 a share in the fourth quarter. Last year, Altria earned $1.17 a share.
Imperial Tobacco Group, which makes Lambert & Butler and Embassy cigarettes, said Tuesday it expects full-year earnings to meet its forecasts after the company cut costs and won market share.
A new study shows tobacco companies increased the nicotine content in cigarettes by about 11% over seven years.
Which Dow component has been the best performer since the Dow peaked back in 2000? (Here's a hint, it's been strong despite tough tobacco laws and rising cigarette taxes) CNBC's Erin Burnett revealed the answer on today's "Street Signs."
Shares of Japan Tobacco halted their recent bull run, falling more than 4% as market participants said the company's plan to buy British cigarette maker Gallaher Group is now factored into the stock price.
Japan Tobacco said on Friday it would buy Britain's Gallaher Group for $14.7 billion in the biggest-ever foreign acquisition by a Japanese company.
Britain broke European Union rules by taxing dividends received by U.K. companies from units elsewhere in the bloc, the EU's top court said on Tuesday in a ruling that will force London to repay huge rebates.
Germany lost its bid on Tuesday to overturn European Union rules that ban tobacco advertising and sponsorship after Europe's highest court upheld laws passed by EU governments and the European Parliament.
Shares in British tobacco company Gallaher Group rose to a new high on Thursday after receiving a bid approach which sources close to the situation said came from Japan Tobacco.
Shares of South Korean tobacco firm KT&G skidded on news U.S. investor Carl Icahn has sold his stake in the company at a discount.