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Food and Beverage Tobacco

  • *Companies struggle with fall in Egyptian currency. CAIRO, Oct 31- Business is grinding to a near-halt in Egypt as companies struggle to keep pace with a rapid slide in the black market value of the pound. Bassem Hussein, whose company imports, processes and packages coffee and spices, stopped buying two weeks ago as the depreciation of the Egyptian currency...

  • *Companies struggle with fall in Egyptian currency. CAIRO, Oct 31- Business is grinding to a near-halt in Egypt as companies struggle to keep pace with a rapid slide in the black market value of the pound. Bassem Hussein, whose company imports, processes and packages coffee and spices, stopped buying two weeks ago as the depreciation of the Egyptian currency...

  • *India hosts WHO anti-tobacco conference Nov. 7-12. NEW DELHI, Oct 27- India's $11 billion tobacco industry has urged the government to take a softer line on tobacco control efforts when it hosts a World Health Organization conference in New Delhi next month, but officials say the government will not bow to "pressure tactics". In documents obtained by a Reuters...

  • WASHINGTON, Oct 25- A U.S. judge on Tuesday approved one of the biggest corporate settlements on record, Volkswagen AG's $14.7 billion deal arising from its diesel emissions cheating scandal, and the German automaker said it would begin buying back polluting cars in mid-November. District Judge Charles Breyer in San Francisco signed off on VW's settlement...

  • WASHINGTON, Oct 25- A U.S. federal judge on Tuesday approved Volkswagen AG's record $14.7 billion settlement with regulators and owners of 475,000 polluting diesel vehicles, and the German automaker said it would begin buying back the cars in mid-November. District Judge Charles Breyer in San Francisco marked a pivotal moment for VW as it aims to move past a...

  • *Deal brings together Newport, Lucky Strike, Pall Mall brands. LONDON, Oct 21- British American Tobacco has offered to buy out U.S. cigarette maker Reynolds American Inc in a $47 billion takeover that would create the world's biggest listed tobacco company with brands including Newport, Lucky Strike and Pall Mall. It would also give the British company- which has...

  • Reynolds stock smoking hot after $47B BAT offer

    Shares of Reynolds American spike after British American Tobacco offers to buy the rest of the tobacco company.

  • *Deal brings together Newport, Kent and Pall Mall brands. 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...

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

    British American Tobacco has offered to buy Reynolds American Inc. in a $47 billion cash-and-stock deal.

  • 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...

  • Cigarette stocks

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

  • Philip Morris International Inc. Marlboro brand cigarettes.

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