Food and Beverage Tobacco

  • LONDON, Oct 21- British American Tobacco has offered to buy U.S. tobacco company Reynolds American Inc in a $47 billion deal that would bring together Newport, Kent and Pall Mall cigarettes in the world's biggest listed tobacco company. The British group, which has a 42 percent stake in Reynolds, said its offer valued the company's shares at $56.50, of which $24.13...

  • LONDON, Oct 21- British American Tobacco has offered to buy U.S. tobacco company Reynolds American Inc in a $47 billion deal bringing together Newport, Kent and Pall Mall cigarettes to create the U.S. market leader. The British group, which has a 42 percent stake in Reynolds, said its offer valued the company's shares at $56.50, of which $24.13 would be in cash and...

  • *Fire at Bangladesh packaging plant killed at least 39. DHAKA, Oct 13- Bangladesh's safety inspectors twice extended an operating licence at a food and cigarette packaging plant in the capital Dhaka without making physical checks. The cause of the Sept. 10 blaze, the country's worst industrial accident since the 2013 Rana Plaza tragedy in which more than 1,100...

  • MANILA, Oct 12- Philippine President Rodrigo Duterte is set to sign a regulation this month banning smoking in public across Southeast Asia's second-most populous country, rolling out among the toughest anti-tobacco laws in the region. Health Secretary Paulyn Jean Rosell-Ubial told Reuters on Tuesday she hoped the president would sign the ban, which...

  • MANILA, Oct 11- Philippine President Rodrigo Duterte is set to sign a regulation this month banning smoking in public across Southeast Asia's second-most populous country, rolling out among the toughest anti-tobacco laws in the region. Health Secretary Paulyn Jean Rosell-Ubial told Reuters on Tuesday she hoped the president would sign the ban, which...

  • WASHINGTON, Oct 11- The U.S. Supreme Court on Tuesday let stand lower court rulings allowing Pennsylvania and Maryland to keep tens of millions of dollars in a dispute with tobacco companies involving the massive 1998 settlement over deceptive marketing and advertising of cigarettes. The justices declined to hear appeals, filed by Reynolds America Inc,...

  • WASHINGTON, Oct 11- The U.S. Supreme Court on Tuesday let stand lower court rulings allowing Pennsylvania and Maryland to keep tens of millions of dollars in a dispute with tobacco companies involving the massive 1998 settlement over deceptive marketing and advertising of cigarettes.

  • SUPREME COURT DECLINES TO HEAR TOBACCO COMPANIES' APPEAL IN ARBITRATION DISPUTE WITH STATES OVER MONEY FROM 1998 SETTLEMENT.

  • MANILA, Oct 11- Philippine President Rodrigo Duterte is set to sign a regulation this month banning smoking in public across Southeast Asia's second-most populous country, rolling out among the toughest anti-tobacco laws in the region. Health Secretary Paulyn Jean Rosell-Ubial told Reuters on Tuesday she hoped the president would sign the ban, which...

  • *Deal adds Africa, Latin American markets to AB InBev. LONDON/ BRUSSELS, Sept 28- SABMiller shareholders overwhelmingly backed the brewer's $100 billion- plus takeover by Anheuser-Busch InBev on Wednesday, clearing the last big hurdle for one of the largest corporate mergers in history. For the maker of Budweiser, Corona and Stella Artois it provides entry into...

  • *Deal adds Africa, Latin American markets to AB InBev. LONDON, Sept 28- SABMiller shareholders backed the brewer's $100- billion- plus takeover by rival Anheuser-Busch InBev by a large majority on Wednesday, paving the way for one of the biggest corporate mergers in history. Criticism of the takeover offer grew over the summer, after a steep fall in sterling...

  • LONDON, Sept 23- Japan Tobacco aims to start selling its Ploom Tech tobacco-based electronic cigarette in cities across Japan next year, it said on Friday, as it fights to catch up with bigger rival Philip Morris in meeting the growing demand for "vaping" products. "Though we are not able to comment on the exact timing of the national launch in Japan due to the...

  • Cigarette stocks

    Investors are lighting up for tobacco stocks despite anti-smoking campaigns and proposed cigarette tax hikes in several states.

  • Sept 15- Tobacco giant Reynolds American Inc said it appointed John Boehner, a former House Speaker and a known smoker of the company's Camel cigarettes, to its board. Boehner retired from Congress last year after serving for four years as speaker of the U.S. House of Representatives. He was known to be a heavy smoker during his time on Capitol Hill.

  • Philip Morris International Inc. Marlboro brand cigarettes.

    Goldman Sachs raised its rating on Philip Morris International to buy from neutral.

  • Others are largely sticking with an industry that remains lucrative despite tightening restrictions on smoking and a series of lawsuits in the United States, saying they are duty-bound to seek the best returns for their clients. "We are firmly of the view that profits, cash and dividends from tobacco stocks have many years of strong growth ahead," said Stephen...

  • Others are largely sticking with an industry that remains lucrative despite tightening restrictions on smoking and a series of lawsuits in the United States, saying they are duty-bound to seek the best returns for their clients. "We are firmly of the view that profits, cash and dividends from tobacco stocks have many years of strong growth ahead," said Stephen...

  • This Day in History, August 25, 2016

    Among the events that happened on this day in history, in 1997 the tobacco industry agrees to $11.3 billion settlement with Florida.

  • LONDON, Aug 23- SABMiller shareholders can be treated as two separate groups when they vote on the company's takeover by Anheuser Busch InBev, a court in London ruled on Tuesday, granting a request from SAB for a split. SAB requested that those two shareholders-- cigarette maker Altria Group and Bevco, a vehicle of Colombia's Santo Domingo family-- be treated as a...

  • LONDON, Aug 23- A UK court has ruled that SABMiller shareholders can be treated as two classes when they vote on the company's takeover by Anheuser Busch InBev, granting the request from the brewer for a split. The 79 billion pound deal requires 75 percent approval by SAB shareholders. SAB requested that those two shareholders- cigarette maker Altria Group and...