Food and Beverage Tobacco

  • On Tuesday, British American Tobacco Plc announced a $49- billion deal to take over rival Reynolds American Inc, uniting two major e-cigarette players in the United States and United Kingdom and becoming a bigger competitor to Philip Morris International Inc and U.S. partner Altria Group. "Suddenly things that were not conceivable became something we...

  • A pile of Benson & Hedges Gold cigarettes, produced by British American Tobacco Plc.

    Jim Cramer says he had an epiphany for Philip Morris to remain dominant in the tobacco world.

  • A pack of Marlboro cigarettes, left, manufactured by Philip Morris International Inc., a unit of Altria Inc., sits beside packs of Camel cigarettes, manufactured by Reynolds American Inc.

    Reynolds shareholders will receive $29.44 in cash and 0.5260 BAT shares for each of their shares under the terms of the deal.

  • Reynolds American Inc., up $1.71 to $57.68. Morgan Stanley, down $1.66 to $42.15. Wal-Mart Stores Inc., up $1.29 to $68.42.

  • Susan M. Cameron

    The deal hit the "sweet spot" that benefits shareholders on both sides, Reynolds American Executive Chairman Susan Cameron says.

  • LONDON— British American Tobacco will take over Reynolds American Inc. to create the world's largest publicly traded tobacco company that would seek to capitalize on growing demand for electronic cigarettes in the U.S. and traditional ones in developing countries. On the other hand, they would be able to market Reynolds' brands like Newport, Camel and Pall...

  • Marlboro cigarettes, a product of Philip Morris International

    Previously unreported letters to the trade minister warn "discriminatory" and "protectionist" proposals would be a blow to its plans.

  • *Philip Morris pushing India not to change foreign funding norms. In previously unreported letters from Philip Morris to the trade minister and an influential government think-tank, the U.S.-based company said the "discriminatory" and "protectionist" proposals would represent a blow to its plans to launch new products and make further investments in India.

  • Here's why farmers won't stop growing tobacco

    The World Health Organization says farmers face hurdles when switching from tobacco to alternative crops.

  • *Philip Morris, BAT also have agreements in China. The joint venture, Global Horizon Ventures Limited, will be based in Hong Kong and link Imperial with CNTC subsidiary Yunnan Tobacco, which controls over one-fifth of the Chinese market. Imperial said the joint venture will expand Imperial's West and Davidoff brands in China, and Yunnan's Jade and Horizon brands...

  • An indigenous woman works at a tobacco field near the Sangu River at Thanchi on January 2, 2017 in Bandarban, Bangladesh.  Tobacco cultivation has been found to destroy soil fertility and groundwater resources.

    Crop diversification can lower smoking rates in low-income countries, but it's hard pitch to sell to farmers, according to the WHO.

  • LONDON, Jan 5- British American Tobacco has quit plans to market a nicotine inhaler called Voke to focus on consumer items like e-cigarettes rather than health products. The move reins in BAT's earlier, very diversified approach to cigarette alternatives, which are being pursued by all big listed tobacco companies including Philip Morris International and...

  • LONDON, Jan 5- British American Tobacco has quit plans to market a nicotine inhaler it was working on to focus on consumer items like e-cigarettes rather than health products. Voke has been approved by Britain's drug regulator as the first e-cigarette- like product of its kind to be medically prescribed for people trying to quit smoking. BAT, which is in talks on a...

  • Calpers sells tobacco stocks

    Thomas Russo, Gardner, Russo & Gardner LLC parner, and Brian Milligan, Ave Maria Growth Fund co-manager, weigh in on Calpers' ban on tobacco investments.

  • The nation's largest public pension fund embarked on an extensive review of tobacco earlier this year, after a Wilshire Associates report estimated the exclusion of tobacco had cost the fund about $3 billion between 2001 and 2014. That was a considerably larger portfolio impact than CalPERS' other divested assets, such as Iran, Sudan and certain...

  • The nation's largest public pension fund embarked on an extensive review of tobacco earlier this year, after a Wilshire Associates report estimated the exclusion of tobacco had cost $2 billion to $3 billion. That was a considerably larger impact to the portfolio than CalPERS' other divested assets, such as Iran, Sudan and certain firearms-related companies.

  • The nation's largest public pension fund embarked on an extensive review of tobacco earlier this year, after a Wilshire Associates report estimated the exclusion of tobacco had cost $2 billion to $3 billion. That was a considerably larger impact to the portfolio than CalPERS' other divested assets, such as Iran, Sudan and certain firearms-related companies.

  • The nation's largest public pension fund embarked on an extensive review of tobacco earlier this year, after a Wilshire Associates report estimated the exclusion of tobacco had cost $2 billion to $3 billion. That was a considerably larger impact to the portfolio than CalPERS' other divested assets, such as Iran, Sudan and certain firearms-related companies.

  • Dec 14- The U.S. Food and Drug Administration left open the door on Wednesday for Swedish Match AB to claim its snus smokeless tobacco products represent a substantially lower risk to health than cigarettes. The FDA said evidence showed the products could cause gum disease and tooth loss. "There doesn't seem to be a disagreement between the company and the FDA as...

  • Dec 14- The U.S. Food and Drug Administration left open the door on Wednesday for Swedish Match AB to claim its snus smokeless tobacco products represent a substantially lower risk to health than cigarettes. The FDA said evidence shows the products can cause gum disease and tooth loss. "There doesn't seem to be a disagreement between the company and the FDA as to...