WASHINGTON, April 24- The U.S. Food and Drug Administration proposed rules on Thursday that would ban the sale of e-cigarettes to anyone under 18, but would not restrict flavored products, online sales or advertising, which public health advocates say attract children.» Read More
Britain's Imperial Tobacco Group on Tuesday said earnings grew further in the last three months of 2007 along with higher cigarette volumes and share gains in many of its markets.
More than seven-and-a-half million people -- or about 20,000 people a day -- will die of cancer this 2007. That's the sobering new estimate from a first-of-its-kind global study out of the American Cancer Society.
Loews said it plans to spin off its cigarette unit, Lorillard, which makes Newport, Kent and Maverick cigarettes.
Tobacco company Altadis said Friday its net profit rose more than 14 percent in the first nine months of the year, recovering from a price battle among cigarette producers.
Altria Group, owner of the Philip Morris cigarette businesses in the U.S. and abroad, agreed Thursday to buy cigar maker John Middleton for $2.9 billion in cash, a deal that adds to the company's non-cigarette products in the U.S. market.
British American Tobacco, the world's second-biggest cigarette maker, beat forecasts with a 9 percent rise in nine-month earnings but said on Thursday it still expected slower fourth-quarter growth.
Imperial Tobacco, which is looking to take over rival Altadis, met forecasts with a 12 percent rise in annul earnings on Tuesday, but a delay until January in completing the Altadis deal hit its shares.
Loews said on Monday third-quarter profit fell 12.5 percent, as the cost of a legal settlement at its CNA Financial offset improved results in tobacco and drilling operations.
Bid target Altadis posted in-line first-half net profit of 247 million euros ($335.8 million) on Thursday, but predicted the second half could be sapped by the effect of dollar weakness on income.
Altria Group is widely expected to announce plans for the spinoff of its Philip Morris International unit this week, but some analysts see limited gains for a stock that already looks more expensive than its peers.
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British American Tobacco beat forecasts with a 9% rise in first-half earnings on Thursday, but said profits growth would slow in the second half due to excise tax rises and increased investment.
Walt Disney on Wednesday became the first major Hollywood studio to ban depictions of smoking, saying there would be no smoking in its family-oriented, Disney-branded films and it would "discourage" it in films distributed by its Touchstone and Miramax labels.
Altria Group posted lower quarterly profit Wednesday, due in part to costs for closing a U.S. cigarette plant and moving some production to Europe as it attempts to cut costs and reduce excess capacity.
Smoking was banned from Sunday in all public buildings in England, including pubs, movie theaters, shopping malls -- and even Buckingham Palace.
With a ban on smoking in all enclosed public spaces coming into force in England on Sunday, analysts predict nightclubs, casinos and bingo firms will be hardest hit while restaurants will be the biggest beneficiaries.
Altadis Chief Executive Antonio Vazquez said Thursday that prospective bidders for the tobacco company have finished their due diligence.
Shares of Reynolds American were up more than 3 percent Tuesday ahead of a ruling in a patent infringement case filed against the maker of Camel and Salem cigarettes.
The Motion Picture Association of America announced Thursday that movies that “glamorize” smoking could soon be slapped with an “R” rating. Is the MPAA caving in to special-interest pressure -- and will the push for a Hollywood smoke-out curb smoking? Marc Dann, Ohio state attorney general, and Gary Nolan, spokesman for The Smokers Club, debated the issue on “Morning Call.”
European tobacco company Altadis said Thursday first-quarter net profit rose more than 6%, recovering after a damaging price war a year earlier.