NEW YORK, July 14- Smoking-related lawsuits against U.S. tobacco giants are leveling off, making it more likely that a merger between rivals Reynolds American Inc and Lorillard Inc will go through, analysts who follow the industry said.» Read More
Philip Morris and other major tobacco companies won a lawsuit Friday filed by 37 Missouri hospitals seeking more than $455 million for treating sick smokers.
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Australia’s goal of having the world’s toughest tobacco promotion laws in place by 2012 moved closer on Thursday when it released the plain packing design that all cigarette manufacturers will be forced to adopt as part of new legislation. The FT reports.
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The Lightning Round is extended in this CNBC.com exclusive feature.
In 1964, the U.S. Surgeon General publicly declared the health hazards of smoking. Since then, smoking rates have been basically cut in half. In 2011, there are approximately 50 million smokers in the United States.
Cigarette companies are not allowed to market directly to the youth of America. The companies are also banned from advertising on television, radio and in newspapers. Somehow, though, four million underage Americans smoke, begging the question: what influences their decision to smoke?
While the vast majority smokers buy standard-quality products, some take their smoking rituals to another level, paying a hefty price for the luxury and relaxation that smoking can provide.
There's no better example of the law of unintended consequences than cigarette taxes in the United States. Each state sets its own rate, and the disparity is huge. Missouri's state cigarette tax is 17 cents. It's $4.35 in New York. What's the unintended consequence? Crime.
Tobacco is not just a commodity. It is a culture. It is a way of life, as well as a multi-billion dollar business. And it is the most controversial crop on the planet. In many parts of the country, it is the most lucrative crop per acre. Even with huge increases in prices for wheat, corn and soybeans, which average about $300 per acre, nothing makes more money than $1,500-per-acre tobacco.
Most people know that tobacco is America's original cash crop, that smoking is stigmatized in modern American society and that tobacco farmers are a dying breed. But did you know that there's a thriving black market for cigarettes? And that 50 million Americans a day light up?
Pill vs. cigarette. They both have pros and cons as consumer products. But if there is a battle to bring recreational cannabis to market, most believe tobacco companies would have the upper hand over drug companies.
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There are good buying opportunities in the equity markets right now, Daniel Stillhart, technical analyst at LB Swiss, told CNBC Monday.
Whether you favor the lighter claro wrappers or the darker maduro, see what Cigar Aficionado's editors select as their choice sticks for this season.
The international tobacco market is the way to go for investors who want to keep their money safe in this volatile economy, says Charles Norton, co-portfolio manager at Vice Fund.
Altria Group Thursday posted quarterly profit that slightly beat analysts estimates and said market share for its Philip Morris USA unit's cigarettes rose.
European earnings were mixed Thursday, with telecoms reporting results in line or above forecasts, while energy companies and financials posted profit declines or figures below market expectations.