Reynolds American's purchase of Lorillard has plenty of benefits for the rival U.S. firms, but the real winner is British American Tobacco.» Read More
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.
LONDON, April 30- British American Tobacco, the world's No. 2 cigarette maker, posted improved sales volume for the first quarter, though foreign exchange rates were a big drag on revenue. Gains in Asian countries such as Pakistan and Indonesia were more than offset by declines in European markets such as Russia and Poland.
Turned a raft of industrial acquisitions and the sale of the state telephony monopoly into a business empire that touches most aspects of Mexican life.
SEOUL, April 14- South Korea's state health insurer is seeking an initial 53.7 billion won from three tobacco companies, including the local units of Philip Morris International and British American Tobacco, to offset treatment costs for diseases linked to smoking.
SEOUL, April 14- South Korea's state health insurer said on Monday it was seeking an initial 53.7 billion won from three tobacco companies, including the local units of Philip Morris and British American Tobacco, to offset treatment costs for diseases linked to smoking. Philip Morris was not immediately available for comment.
*Forward-looking measures of labour demand all flashing green. SYDNEY, April 9- Job losses in manufacturing have dominated Australian headlines-- 350 at BP, 180 at Philip Morris, 300 at Boeing in the past month alone-- but data proven to herald increased hiring tell a much cheerier tale.
LONDON, April 3- Britain plans to force tobacco firms to sell cigarettes in plain packets without branding to improve public health and cut the number of child smokers, a government minister said on Thursday, dismaying the industry and delighting anti-smoking campaigners.
LONDON, March 24- Deliveries of tobacco to retailers in Australia rose slightly last year for the first time in at least five years, even after the introduction of plain packaging aimed at deterring smokers, according to industry sales figures released on Monday.
LONDON, March 24- Deliveries of tobacco to retailers in Australia rose slightly last year for the first time in at least five years, even after the introduction of plain packaging aimed at deterring smokers, according to industry sales figures to be released on Monday.
NEW YORK, March 21- The honeymoon for dividend stocks is over. While U.S. growth hasn't exactly been robust and interest rates haven't spiked significantly, the tide has turned so far this year with $1.2 billion in investor outflows from equity-income funds, notes Jeff Tjornehoj, head of Americas research for Lipper, a Thomson Reuters company.
A merger between Reynolds American and Lorillard would have benefits in their domestic market. It could also kick off more deals overseas.
Some of Wednesday's midday movers:
Markets are in wait-and-see mode ahead of Friday's jobs report, but there are a few events Thursday that could sway the market's direction.
Talking Squawk, the "Squawk Box" blog, provides tidbits, insights and sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME.
One analyst blacklisted several companies citing a reason not often (or possibly ever) heard on the Street ... "moral and ethical grounds."
One effect of the Fed's scaling back its bond-buying program: a stronger dollar. The bullish calls are already heating up.
A court ruling to restrict the sale of e-cigarettes in France this week could knock the nascent e-cigarette industry off course.