A merger between Reynolds American and Lorillard would have benefits in their domestic market. It could also kick off more deals overseas.» Read More
January 2010: Federal judge rules that the FDA can't stop those shipments, saying the agency had overstepped its authority. December 2010: Federal appeals court rules e-cigarettes should be regulated as tobacco products by the FDA rather than as drug-delivery devices. July 2011: FDA announces intent to have e-cigarette regulations proposed by October 2011.
LONG BEACH, Calif., April 23- You've been on offense with your global stock portfolio for five years, running up the score in sectors like consumer discretionary and technology stocks that have outperformed the broad market. Jamie Doyle, co-manager of the Causeway Global Value Fund, is not ready to make a wholesale switch into defensive plays.
WASHINGTON— Commerce Department releases durable goods for March, 8:30 a.m. Eastern time. WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.. WASHINGTON— Freddie Mac, the mortgage company, releases weekly mortgage rates, 10 a.m..
WASHINGTON— The nation's tobacco companies and the Justice Department are including media outlets that target more of the black community in court-ordered advertisements that say the cigarette makers lied about the dangers of smoking, according to a brief filed in U.S. District Court in Washington on Wednesday.
RICHMOND, Virginia— Philip Morris International's first-quarter profit dropped nearly 12 percent as cigarette sales fell in the overseas markets that it serves and it was hurt by foreign exchange rates for the U.S. dollar.
RICHMOND, Va.— The nation's top cigarette makers said Tuesday they have made about $6 billion in annual payments as part of a longstanding settlement in which some companies are paying states for smoking-related health care costs.
NEW YORK, March 25- A smokers' rights group filed a legal challenge on Tuesday to New York City's ban on electronic cigarettes in restaurants, parks and many other public places. The group has asked the state Supreme Court to void the law. The City Council said it believed the court would uphold the law.
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Some of Wednesday's midday movers:
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 shelves.
Some of Monday's midday movers:
It’s time for the Lightning Round. Cramer makes the call on viewer favorites.
Tobacco lawyers said at the hearing in U.S. District Court in Washington, D.C., that they planned to push forward with an appeal about the wording of the ads, even after they struck an agreement this month with the Justice Department and anti-smoking advocates about what the ad campaign would look like in newspapers and on television.
Tobacco companies that split apart to protect investors from litigation may consider reuniting, especially BAT and Reynolds American.
SHANGHAI, Jan 16- When Qu Liang's wife became pregnant, the 30- year-old Shanghai salesman switched from smoking to "vaping", a practice uncommon in China although it is the world's leading producer of electronic cigarettes. Puffing on the devices, or vaping, is surging worldwide, but it forms only a tiny part of China's 1.2 trillion yuan cigarette business.
Big tobacco may be scrambling to grab a hold of the e-cigarettes market, but there's a little-known tobacco product from Europe that's also seen as having big potential.
LONDON, Dec 20- Altria Group and Philip Morris International, the makers of Marlboro cigarettes in the United States and internationally, are teaming up to market electronic cigarettes and other "reduced risk" tobacco products.
NEW YORK, Dec 11- At the Henley Vaporium, one of a growing number of e-cigarette lounges sprouting up in New York and other U.S. cities, patrons can indulge in their choice of more than 90 flavors of nicotine-infused vapor, ranging from bacon to bubble gum.
AB InBev, SABMiller merger would combine Latam, Africa growth markets. *SABMiller price tag would likely be more than $100 bln. BRUSSELS/ LONDON, Oct 28- With half the world's beer produced by four big firms and few markets left for them to tap, the time may be right for a $100 billion merger between the two largest, Anheuser-Busch InBev and SABMiller.