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Food and Beverage Tobacco

  • 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...

  • Dec 14- The U.S. Food and Drug Administration said on Wednesday it denied Swedish Match AB's request to remove a currently required warning stating that its eight smokeless tobacco products can cause gum disease and tooth loss. The FDA authorized the sale of eight smokeless tobacco products known as "snus" under its "General" brand by Swedish Match last year.

  • The privately owned companies- Swisher International Inc, Cheyenne International LLC, Prime Time International Co and Southern Cross Tobacco Co Inc- are selling the products under brands such as "Swisher Sweets", "Cheyenne", "Prime Time" and "Criss-Cross" in youth-appealing flavors such as grape, wild cherry and strawberry, the FDA said. "Flavored cigarettes appeal...

  • WASHINGTON, Dec 8- The U.S. surgeon general in a report released on Thursday called for action to reduce the use of e-cigarettes among young people, noting they have overtaken cigarettes to become the most commonly used tobacco products among this group. Vivek Murthy, the country's top doctor, in the first Surgeon General's report on e-cigarettes use among...

  • U.S. bans e-cigarettes from checked baggage over fire risks.

    The U.S. surgeon general on Thursday called for action to reduce the use of e-cigarettes among young people.

  • WASHINGTON, Dec 8- The U.S. surgeon general on Thursday called for action to reduce the use of e-cigarettes among young people, noting they have overtaken cigarettes to become the most commonly used tobacco products among this group. The nation's top doctor, Vivek Murthy, weighing in on the subject for the first time since e-cigarette use took off, said young...

  • If approved by the U.S. Food and Drug Administration, the company's iQOS device could give it a significant marketing advantage over alternatives to tobacco products, including electronic cigarettes, which are not allowed to make such a claim. "We are encouraged by the timeliness of PM's first FDA application submission... We continue to believe iQOS is a...

  • *UK appeals court rejects industry challenge to plain packs. LONDON, Nov 30- Philip Morris International, the world's largest international tobacco company, said it could eventually stub out cigarette sales as it launched an alternative product in Britain on Wednesday. "We certainly see a future where Philip Morris no longer will be selling cigarettes in the...

  • *UK appeals court rejects industry challenge to plain packs. LONDON, Nov 30- Philip Morris International, the world's largest international tobacco company, said it could eventually stub out cigarette sales as it launched an alternative product in Britain on Wednesday. "We certainly see a future where Philip Morris no longer will be selling cigarettes in the...

  • Philip Morris International, the world's largest international tobacco company, could stop selling cigarettes, its CEO told the BBC.

  • LONDON, Nov 30- A UK court has dismissed an appeal brought by some of Britain's largest tobacco companies over the government's new plain packaging rules. In its decision handed down on Wednesday, the court dismissed all appeals brought by British American Tobacco, Japan Tobacco, Imperial Brands and several paper manufacturers. "This is a victory for public...

  • LONDON, Nov 30- Philip Morris International, the world's largest international tobacco company, could eventually stop selling cigarettes, its chief executive told the BBC on Wednesday, as it launched its alternative product IQOS in the UK market. The company's IQOS smokeless cigarette which is already on sale in over a dozen markets including Japan,...

  • MOSCOW, Nov 29- Britain's Imperial Brands, the world's fourth-biggest tobacco company, will shut one of its two Russian factories in January, it said on Tuesday, citing increased taxes and the impact of changes to sales regulations. The closure also comes as the company accelerates a cost-cutting drive in an increasingly competitive industry in which larger...

  • The maker of Winston, Camel and Benson& Hedges cigarettes is set to be dwarfed by its next biggest rival, British American Tobacco, which is in talks to buy Reynolds American in the United States. Japan Tobacco named Belgian national Eddy Pirard as new chief executive of its international business, replacing Thomas McCoy, who will retire on March 31.

  • Value investor stock picks: UNP, RAI & MO

    David Winters, Wintergreen Advisors CEO, shares his stock picks, including Union Pacific, Reynolds American Inc. and Altria Group.

  • *Crude rally on OPEC output cut hopes, lifts oil stocks. MILAN, Nov 15 (Reuters)- European shares edged up on Tuesday helped by a surge in crude oil prices and a rebound in utilities, while telecoms equipment maker Nokia slumped on a disappointing earnings outlook update. Hopes of huge fiscal stimulus in the United States under Donald Trump's administration have...

  • MILAN, Nov 15- European shares steadied on Tuesday as a rebound in utilities and crude prices was offset by sharp falls among mining stocks, while telecoms equipment maker Nokia slumped after a disappointing earnings outlook update. Hopes of huge fiscal stimulus in the U.S. under Donald Trump's administration have fueled a rally in bond yields and rate hike...

  • 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.

    BAT's cash-and-stock offer would mark the return of the company to the lucrative and highly regulated U.S. market after a 12-year absence.

  • Nov 14- U.S. cigarette maker Reynolds American Inc is seeking a higher price from British American Tobacco Plc after rejecting its $47 billion takeover offer, a source familiar with the situation told Reuters. "We thought it was a possibility, so it's not too surprising," Morningstar analyst Adam Fleck said in an email. The companies are still in talks and BAT is...

  • Nov 14- U.S. cigarette maker Reynolds American Inc is seeking a higher price from British American Tobacco Plc after rejecting a $47 billion buyout offer as too low, a source familiar with the situation told Reuters. The companies are still in talks and BAT is willing to increase the price slightly, Bloomberg said, citing people familiar with the matter.