Companies like Chipotle and Philip Morris have been discussing price hikes that would give bottom lines a whole new driver. USAT reports.» Read More
RICHMOND, Va.— Newport maker Lorillard Inc.' s profit fell 4.2 percent in the second quarter as sales of its market-leading Blu electronic cigarettes dropped and it sold fewer cigarettes.
RICHMOND, Va.— Marlboro maker Altria Group posted flat second-quarter earnings Tuesday as higher prices helped to offset decline in the number of cigarettes it sold.
MIAMI— The nation's No. 2 cigarette maker is vowing to fight a jury verdict of $23.6 billion in punitive damages in a lawsuit filed by the widow of a longtime smoker who died of lung cancer. R.J. Reynolds Tobacco Co. executive J. Jeffery Raborn has called the damages awarded by a Pensacola jury "grossly excessive and impermissible under state and constitutional law."
MIAMI— A Florida jury has slammed the nation's No. 2 cigarette maker, R.J. Reynolds Tobacco Co., with $23.6 billion in punitive damages in a lawsuit filed by the widow of a longtime smoker who died of lung cancer in 1996.. The case is one of thousands filed in Florida after the state Supreme Court in 2006 tossed out a $145 billion class action verdict.
BRUSSELS, July 18- The European Commission's call for views on a contentious part of a planned EU-U.S. free trade deal has drawn almost 150,000 responses that will take months to process, a senior EU official said on Friday.
*Reynolds, Lorillard marriage seen making $500 mln savings. LONDON, July 11- U.S. cigarette maker Reynolds American Inc is in talks to acquire rival Lorillard Inc in a multi-billion dollar deal that would reshape one of the world's biggest and most profitable tobacco markets, the companies said on Friday.
LONDON, June 27- Marlboro cigarette maker Philip Morris International is seeking to challenge Europe's new laws on tobacco products, the latest clash between Big Tobacco and governments seeking tighter regulation.
Some of Thursday's midday movers:
Some of the names on the move ahead of the open.
Philip Morris cut its 2014 earnings forecast saying it is proving to be a "complex and truly atypical" year for the company.
June 26- Cigarette maker Philip Morris International Inc cut its earnings forecast for 2014 and said it is proving to be a "complex and truly atypical" year for the company.
June 26- Cigarette and tobacco company Philip Morris International Inc cut its 2014 earnings forecast saying it is proving to be a "complex and truly atypical" year for the company. The Marlboro cigarettes maker now expects to earn $4.87- $4.97 per share, lower than the $5.09- $5.19 per share it expected earlier.
MOSCOW, June 24- U.S. healthcare firm Abbott Laboratories is to buy Russian drugmaker Veropharm for up to $495 million, giving it a manufacturing presence in a country where it has been operating for nearly 40 years, Abbott said on Tuesday.
Industry trade groups, as well as cigarette makers, including Philip Morris parent Altria Group Inc, Reynolds American Inc and Lorillard Inc, complained that the limits violated their free speech rights and were pre-empted by other federal and state laws.
Industry trade groups, as well as cigarette makers, including Philip Morris parent Altria Group Inc, Reynolds American Inc and Lorillard Inc, complained that the limits violated their free speech rights and were pre-empted by other federal and state laws. A lawyer for most of the plaintiffs referred a reporter to Altria, which did not have an immediate comment.
BAYREUTH, Germany, June 18- It takes a British American Tobacco factory machine three minutes to load 4 million cigarettes onto a truck in northern Bavaria- but it can take a lot longer to figure out whether those cigarettes end up where they should.
LONDON, June 11- Japan Tobacco Inc has agreed to buy the maker of E-Lites, a leading brand of e-cigarettes in Britain, giving it entry into the fast-growing market for tobacco alternatives. Japan Tobacco said on Wednesday that it had agreed to buy all outstanding shares of E-Lites' parent company Zandera, founded in 2009..
MOSCOW, May 28- Russia may introduce minimum cigarette pricing as early as next year to curb smoking in a further restriction on the $20 billion market, business daily Vedomosti reported on Wednesday. Currently the cheapest pack of cigarettes in Russia sells at 39 roubles.
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.