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E-cigarette sales at US convenience stores fell for the first time, underlining a shift to larger, cheaper devices, the FT reports.
May 25- Some of the leading U.S. producers of electronic cigarettes are moving their manufacturing to the United States from China in response to growing concern about quality and the prospect of tighter federal regulations.
WASHINGTON, May 22- An acquisition of U.S. cigarette-maker Lorillard Inc by Reynolds American Inc could face a bumpy road with antitrust regulators, experts said, with some predicting the deal could be blocked outright and others saying it could only go through with significant divestitures.
NEW YORK, May 21- Reynolds American Inc is in active discussions to buy Lorillard Inc in a complicated, three-way transaction that could see British American Tobacco PLC take a major role to back a potential merger, according to people familiar with the matter.
I started throwing up, "said one 16- year-old worker, who worked pulling tops off of tobacco plants to help increase yields, according to Human Rights Watch, which interviewed 141 youths aged 7 to 17 working on tobacco farms in Kentucky, North Carolina, Tennessee and Virginia.
April 30- An Illinois state appeals court has reinstated a $10.1 billion verdict against Philip Morris USA in a lawsuit accusing its Altria Group Inc unit of misleading consumers about the risks of smoking "light" cigarettes. Philip Morris USA said it will appeal immediately.
April 30- An Illinois state court has reinstated a $10.1 billion verdict against Philip Morris USA in a lawsuit accusing the Altria Group Inc unit of misleading consumers about the risks of smoking "light" cigarettes.
The electronic cigarette industry reacted positively to proposed FDA regulations which could bring further legitimacy to the nicotine vapor devices.
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.
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.
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.
A merger between Reynolds American and Lorillard would have benefits in their domestic market. It could also kick off more deals overseas.
RJ Reynolds is exploring a bid for rival cigarette-maker Lorillard, shaking up the global tobacco market at a time when it is being reshaped.
Talk about following the money. Investors looking to beat the S&P 500 need only track companies that are spending the most money lobbying Washington.
Some of Wednesday's midday movers:
Some of Monday's midday movers:
It’s time for the Lightning Round. Cramer makes the call on viewer favorites.
Tobacco companies that split apart to protect investors from litigation may consider reuniting, especially BAT and Reynolds American.
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.
With stocks near record highs, strategists are recommending investors focus on stock-picking select names and sectors, rather than the broader market.