Food and Beverage Tobacco

  • LONDON, July 18- The Children's Investment Fund Management has taken a stake in SABMiller, the second activist to buy into the brewer in recent weeks, raising the prospect of a late push for improved takeover terms from AB InBev. The move by TCI comes ahead of SABMiller's annual meeting in London on Thursday when investors could question terms of a $100 billion-...

  • Mike Pence

    Donald Trump's new running mate, Indiana Gov. Mike Pence, holds a few unconventional views.

  • MONTEVIDEO, July 8- The World Bank's International Centre for Settlement of Investment Disputes ruled in favor of Uruguay on Friday in a suit filed by Philip Morris International seeking compensation for economic damages caused by the nation's anti-tobacco measures. Uruguay imposed a ban on smoking in public spaces in 2006, as it raised taxes on tobacco...

  • Fewer smokers quit when tobacco surcharges were lower for Obamacare plans, a new study shows.

  • June 24- U.S. stocks fell sharply on Friday, with the Dow Jones industrial average dropping as much as 538 points, as Britain's vote to quit the European Union sent a shock wave through global financial markets. "A lot of investors and market participants were not anticipating this outcome," said David Lefkowitz, senior equity strategist at U.S.

  • June 24- U.S. stocks fell sharply on Friday, with the Dow Jones industrial average dropping as much as 538 points, as Britain's vote to quit the European Union roiled global financial markets. "We're seeing some selling pressure today primarily because a lot of investors and market participants were not anticipating this outcome," said David Lefkowitz, senior...

  • June 24- Shares of the biggest U.S. tobacco companies were up on Friday as investors viewed them as safe investments amid a sharp slump in U.S. stocks after Britain voted to leave the European Union. Reynolds American Inc's shares were up 1.4 pct at $51.53, touching a more than 3- month high of $51.84. The company generated more than a third of its revenue from the...

  • Stocks to Watch: June 21, 2016

    Lennar, United Continental and Reynolds American are making headlines this Tuesday morning.

  • WASHINGTON, June 20- The U.S. Supreme Court on Monday limited the scope of federal racketeering law, handing R.J. Reynolds a victory in its effort to fend off a lawsuit by European Union nations accusing the cigarette maker of running a global money-laundering scheme involving narcotics smuggling into Europe. The company has long believed that the EU's claims...

  • WASHINGTON, June 20- The U.S. Supreme Court on Monday limited the scope of federal racketeering law, handing R.J. Reynolds a victory in its effort to fend off a lawsuit by European Union nations accusing the cigarette maker of running a global money-laundering scheme involving narcotics smuggling into Europe. Reynolds in 2002 of directing a decade-long scheme...

  • WASHINGTON, June 20- The U.S. Supreme Court on Monday handed a win to R.J. Reynolds in its effort to fend off a lawsuit by European Union nations accusing the cigarette maker of running a global money-laundering scheme involving narcotics smuggling into Europe. The justices in their 4-3 ruling threw out a lower-court ruling in favor of the EU and 26 member states.

  • WASHINGTON, June 20- The U.S. Supreme Court on Monday left in place the top Illinois court's ruling throwing out a huge $10.1 billion verdict against Philip Morris USA, rejecting an appeal focusing on accusations that a judge in the case was biased in favor of the cigarette maker. Plaintiffs in the case said Lloyd Karmeier, an elected member of the Illinois Supreme...

  • WASHINGTON, June 20- The U.S. Supreme Court on Monday left in place the top Illinois court's ruling throwing out a huge $10.1 billion verdict against Philip Morris USA, rejecting an appeal focusing on accusations that a judge in the case was biased in favor of the cigarette maker. Plaintiffs in the case said Lloyd Karmeier, an elected member of the Illinois Supreme...

  • A customer prepares to try an "iQOS" smokeless tobacco e-cigarette at an iQOS store in Tokyo, Japan.

    JPMorgan just upgraded Philip Morris International to overweight from neutral.

  • *Cigarettes a major tax revenue source in China. BEIJING, June 3- A recent draft of the Chinese national anti-smoking law significantly weakens previously proposed legislation, several people familiar with the bill told Reuters, and some public health advocates said the powerful state-owned tobacco monopoly had lobbied for the changes.

  • How harmful are e-cigarettes?

    E-cigarettes are a million times more dangerous than Hong Kong's air, notes Chung Shan Shan, assistant professor at Hong Kong Baptist University.

  • E-cigarettes

    Governments are cracking down hard on e-cigarettes through more regulation, which could benefit traditional tobacco companies.

  • NEW YORK, May 26- For more than eight months, investors have poured money into the riskiest U.S. municipal bonds, boosting prices as they dive into anything that can give them fatter yields in a global low-rate environment. They are waving red flags about its most notorious borrower, Puerto Rico, but also its best-performing sector, tobacco, and other potentially...

  • More American are quitting smoking

    The smoking rate among US adults is now falling to the biggest one-year decline in more than two decades.

  • PARIS/ LONDON, May 23- French insurer AXA plans to stop investing in the tobacco industry, citing the impact of smoking on public health, and said it plans to sell its 1.8 billion euros of assets in the sector. "With this divestment from tobacco, we are doing our share to support the efforts of governments around the world," incoming AXA Chief Executive Thomas Buberl...