Food and Beverage Tobacco

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  • TORONTO, Oct 27- A Canadian appeal court on Tuesday ordered two major tobacco companies to set aside a combined C $984 million while they challenge billions of dollars in damages awarded to smokers in the province of Quebec. The more than C $15 billion in damages awarded in June, if upheld in an appeal of two class-action lawsuits, would compensate some 100,000...

  • Gas prices causing shift to premium cigarettes: Reynolds CEO

    Reynolds American CEO Susan Cameron discusses the tobacco company's performance, with shares rising over 50 percent on the year.

  • Big tobacco settles decade-long dispute with New York Tuesday, 20 Oct 2015 | 2:09 PM ET

    Oct 20- Big U.S. tobacco companies including Reynolds American Inc and Altria Group Inc agreed to pay New York $550 million, or 90 percent, of the amount kept in an escrow account, ending a decade-long dispute. Reynolds American, Altria and other companies signed the MSA. However, in 2003, signatories to the MSA argued that some states, including New York, had failed to "...

  • SAO PAULO, Oct 15- British America Tobacco Plc on Thursday carried out a buyout of almost all the shares it did not yet own in Souza Cruz SA, Brazil's largest cigarette maker, reaffirming a plan to take the company private. The buyout gives BAT full control over Souza Cruz, which has about 80 percent of Brazil's cigarette market. BAT last considered a Souza Cruz buyout...

  • The marijuana biz could be uprooted by this lawsuit Thursday, 15 Oct 2015 | 4:43 PM ET

    Colorado's marijuana industry may be booming, but pesticides pose a big problem for pot entrepreneurs.

  • UPDATE 6-AB InBev, SABMiller brew up $100 bln deal Tuesday, 13 Oct 2015 | 3:32 PM ET

    *SABMiller shares up 9 pct. BRUSSELS/ LONDON, Oct 13- The world's top two brewers, Anheuser-Busch InBev and SABMiller, have agreed in principle to one of the biggest mergers in corporate history after a near month-long courtship resulted in SABMiller accepting an offer worth more than $100 billion. For AB InBev the SABMiller deal will give it more breweries in...

  • *SABMiller shares up 9 pct. BRUSSELS/ LONDON, Oct 13- The world's two biggest brewers agreed on Tuesday to create a company making almost a third of the world's beer after SABMiller received an improved offer worth more than $100 billion from larger rival Anheuser-Busch InBev. The new group would bring together AB InBev's Budweiser, Stella Artois and Corona...

  • Oct 13- SABMiller Plc shareholder Altria Group said it was pleased that the brewer was willing to accept larger rival Anheuser-Busch InBev's new offer worth more than $100 billion.

  • JOHANNESBURG/ LONDON, Oct 12- Anheuser-Busch InBev made a fresh approach to SABMiller on Monday with an improved offer, Sky News said, as the world's largest brewer tries to win over its smaller rival to the idea of creating a global brewing giant. The maker of Budweiser and Stella Artois "made a renewed overture" to SABMiller's board, the report said, citing people...

  • "Stars aligned" for AB InBev's megabrew merger plan Monday, 12 Oct 2015 | 3:39 AM ET

    *SABMiller says approach is opportunistic, based on share decline. BRUSSELS, Oct 12- Anheuser-Busch InBev's CEO says a study of SABMiller's African beer markets and talks with top shareholders led to an "alignment of stars" that drew it to its nearest rival. But observers say the real catalysts for the $100 billion takeover proposal made public on Oct. 7 are a steep...

  • South Carolina floods hitting these crops hardest Thursday, 8 Oct 2015 | 1:19 PM ET
    Flooding has devastated South Carolina croplands.

    Heavy rains are expected to result in significant losses to peanut, soybean and cotton crops, and it may go beyond that.

  • WASHINGTON, Oct 2- Big business is urging the U.S. Supreme Court to curb class action litigation in a series of cases that dominate the nine justices' business docket in the coming months. The most significant of those handed victories to Wal Mart Stores Inc and Comcast Corp.. In all three new cases, the U.S. Chamber of Commerce and other business groups have filed...

  • ATLANTA, Oct 1- Trade ministers from a dozen Pacific nations meeting in Atlanta extended talks on a sweeping trade deal until Saturday in a bid to get a final agreement on the most ambitious trade pact in a generation. Officials extended talks originally scheduled to wrap up on Thursday in a determined effort to produce a breakthrough on the Trans-Pacific...

  • The exemption proposed in Atlanta, Georgia, where ministers are trying to close the Trans-Pacific Partnership trade deal, would allow any of the 12 member countries to opt out of rules aimed at protecting foreign investors from harmful government policies with regard to tobacco control measures. The U.S. proposal, seen by Reuters, could prevent companies like...

  • ATLANTA, Oct 1- Trade ministers from a dozen Pacific nations meeting in Atlanta extended talks on a sweeping trade deal into a third day in a move officials said would either produce a breakthrough or send them home with the future of the agreement in doubt. Officials were scheduled to meet going into Friday morning on the terms for a Trans Pacific Partnership...

  • The exemption proposed in Atlanta, where ministers are trying to close the Trans-Pacific Partnership trade deal, would allow any of the 12 member countries to opt out of rules aimed at protecting foreign investors from harmful government policies on tobacco control measures. The U.S. proposal, seen by Reuters, could prevent companies like Marlboro maker...

  • The exemption proposed in Atlanta, where ministers are trying to close the Trans-Pacific Partnership trade deal, would allow any of the 12 member countries free rein on tobacco regulation without having that effort challenged in a trade tribunal. The move, if approved as part of the deal ministers hope to wrap up this week, would prevent companies like Marlboro...

  • Top court to decide if EU can sue RJ Reynolds Thursday, 1 Oct 2015 | 10:04 AM ET
    The U.S. Supreme Court

    The U.S. Supreme Court will decide whether the European Union can sue cigarette maker R.J. Reynolds for running an alleged money-laundering scheme.

  • WASHINGTON, Oct 1- The U.S. Supreme Court on Thursday agreed to decide whether a lawsuit filed by European Union countries accusing cigarette maker R.J. The high court will review an April 2014 ruling by the 2nd U.S. Circuit Court of Appeals in New York in favor of the European Union and 26 member states. Reynolds is part of Reynolds American Inc, the second-largest...

  • WASHINGTON, Oct 1- The U.S. Supreme Court on Thursday agreed to decide whether a lawsuit filed by the European Union accusing cigarette maker R.J. Reynolds of running a global money-laundering scheme involving narcotics smuggling into Europe can move forward. The high court will review an April 2014 ruling by the 2nd U.S. Circuit Court of Appeals in New York in...