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Food and Beverage Tobacco

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  • LONDON, July 29- British American Tobacco, the world's No. 2 cigarette company, reported lower revenue for the first half of the year, hurt by currency fluctuations and people cutting back on smoking. All big tobacco companies are grappling with falling sales in many markets due to increasing regulation, higher taxes, economic weakness and growing health...

  • RAI CEO: Very excited about growth prospects Tuesday, 28 Jul 2015 | 10:49 AM ET
    RAI CEO: Very excited about growth prospects

    Reynolds American shares hit an all-time high today on news of a 2 for 1 stock split and increased quarterly dividendSDiscussing the tobacco company's earnings, with Susan Cameron, Reynolds American president and CEO.

  • Reynolds American beats 2Q profit forecasts Tuesday, 28 Jul 2015 | 7:34 AM ET

    WINSTON SALEM, N.C.— Reynolds American reported a surge in second-quarter profit with cigarette prices and volume rising. Earnings, adjusted for non-recurring gains, came to $1.02 per share, which was still 8 cents better than analysts had expected, according to a poll by Zacks Investment Research. It recently closed on a $25 billion takeover of Newport seller...

  • The United States, New Zealand and Australia are pushing hard for Canada to open up its protected dairy market and allow more imports, complaining that the country has not given its trade partners a sign it is ready to talk and even mulling a TPP without Canada. Sugar refiner Imperial Sugar Co, part of Louis Dreyfus Commodities, says Australia should be allowed to...

  • Imperial Tobacco Canada, a subsidiary of British American Tobacco Plc, JTI-Macdonald Corp, part of Japan Tobacco Inc, and Rothmans, Benson& Hedges Inc- a subsidiary of Philip Morris International- had originally been ordered by a lower court judge to deposit the amount in trust with their attorneys.

  • Philip Morris expands e-cigarette deal with Altria Thursday, 16 Jul 2015 | 12:47 PM ET

    LONDON, July 16- Philip Morris International and its American counterpart Altria Group announced on Thursday an expansion of their agreement on e-cigarettes to include research and development, as the market for tobacco alternatives continues to evolve. The companies, which split from each other in 2008, said in 2013 that Philip Morris would have the...

  • More than a dozen AGs, including those in New York, California, Indiana and Ohio, are using new state and local laws- some of which they helped craft- to put pressure on the industry at all levels, from neighborhood vape shops to big tobacco companies like Altria Group and Reynolds American Inc.. "The key is to avoid another generation being addicted to nicotine,"...

  • CVS quits Chamber of Commerce Wednesday, 8 Jul 2015 | 6:00 AM ET
    CVS quits Chamber of Commerce

    CVS Health quits the U.S. Chamber of Commerce over a dispute about tobacco.

  • July 7- CVS Health Corp said it was withdrawing its membership from the U.S. Chamber of Commerce after media reports that the trade group was lobbying globally against anti-smoking laws. The No. 2 U.S. drugstore chain said it was "surprised" to read recent reports on the chamber's position on tobacco products outside the United States. The New York Times reported...

  • June 30- The U.S. Food and Drug Administration said it is seeking additional data and comments on liquid nicotine as it considers warning the public about the dangers of its exposure amid a rise in electronic cigarette use. More Americans are using e-cigarettes and other vaporizing devices than a year ago, a Reuters/ Ipsos poll showed in June.

  • Philip Morris International Inc has hired more than 400 scientists and technical staff at its research facility in Neuchatel, Switzerland, including toxicologists, chemists, biologists, biostatisticians and regulatory affairs experts. Altria Group Inc, makers of Marlboro, has recruited dozens of scientific and healthcare experts, as have independent...

  • NEW YORK, June 10- Significantly more Americans are using electronic-cigarettes and other vaporizing devices than a year ago, but most of those consumers are also smoking conventional cigarettes, according to a new Reuters/ Ipsos poll. The findings support evidence that smokers are using both traditional tobacco products and e-cigarettes to deliver...

  • NEW YORK, June 10- Significantly more Americans are using electronic-cigarettes and other vaporizing devices than a year ago, but most of those consumers are also smoking conventional cigarettes, according to a new Reuters/ Ipsos poll. The findings support evidence that smokers are using both traditional tobacco products and e-cigarettes to deliver...

  • A French doctor, venture capitalist and founder of biotech company Abivax, Pouletty is working with Cuba's Center for Genetic Engineering and Biotechnology to develop a therapeutic vaccine to treat chronic Hepatitis B that could be on the Asian market in two years and in Europe after that. Instead, Abivax agreed to buy vaccines at a predetermined price and pay...

  • Australian spending on tobacco goes up in smoke Friday, 5 Jun 2015 | 3:24 AM ET

    SYDNEY, June 5- Australian spending on tobacco has tumbled to its lowest since at least 1959, a clear sign that ever rising taxes and laws forcing plain packaging on cigarette companies are pushing people off the habit. That amounts to less than A $132 for every Australian, slim pickings in a country where a packet costs upwards of A $22. Even going back to 1959, when...

  • Altria Group Inc, Reynolds American Inc and Lorillard Inc dismissed their case after the FDA on May 29 said it would review whether to mandate advance approval for label alterations such as changes to logos and background colors, or the use of descriptors such as "premium tobacco." In their April lawsuit filed in federal court in Washington, D.C., the companies said...

  • Tobacco companies drop lawsuit vs FDA over labeling Tuesday, 2 Jun 2015 | 1:27 PM ET

    In a filing with the federal court in Washington, D.C., units of Altria Group Inc, Reynolds American Inc and Lorillard Inc said they decided to dismiss their case after the FDA on May 29 said it would review a policy governing the labeling of tobacco products.

  • LONDON, June 2- European shares edged lower on Tuesday, keeping within their recent range as investors awaited euro zone inflation data due later in the day and developments out of Greece's negotiations with creditors. Imperial Tobacco, down nearly 2 percent at 0732 GMT, weighed on the market after the UK group's Canadian subsidiary and two other tobacco...

  • OTTAWA, June 1- Three tobacco companies said on Monday they would appeal a Canadian court ruling that awarded more than C $15 billion in damages to Quebec smokers in two related class action cases. Imperial Tobacco Canada, a subsidiary of British American Tobacco PLC, JTI-Macdonald Corp, part of Japan Tobacco Inc Group and Rothmans, Benson& Hedges Inc- a subsidiary...

  • OTTAWA, June 1- Three tobacco companies said on Monday they would appeal a Canadian court ruling that awarded more than C $15 billion in damages to Quebec smokers in two related class action cases. The damages would compensate about 100,000 Quebec smokers and ex-smokers who alleged that the companies knew they were selling a harmful product that was causing...