Food and Beverage Tobacco

  • District Judge Amit Mehta in Washington, D.C., on Tuesday vacated part of an FDA directive stating tobacco companies may need the agency's clearance to market products with significant labeling modifications, such as a change in color or logo. The ruling comes in a lawsuit filed last year by subsidiaries of Imperial Brands, Reynolds American Inc and Altria...

  • District Judge Amit Mehta in Washington, D.C., on Tuesday vacated part of an FDA directive stating tobacco companies may need the agency's clearance to market products with significant labeling modifications, such as a change in color or logo. The ruling comes in a lawsuit filed last year by subsidiaries of Imperial Brands, Reynolds American Inc and Altria...

  • Marlboro cigarettes, produced by Altria Group

    In a low-yielding world, one investor offers a piece of advice: Smoke ’em if you got ’em.

  • NEW YORK, Aug 8- The e-cigarette market is suddenly getting more crowded. Makers of the "vaping" devices launched a flood of new products in the United States ahead of new federal regulations, taking effect on Monday, that require companies to submit e-cigarettes for government approval before marketing them, according to company officials and industry experts.

  • LONDON, July 27- SABMiller has told employees to pause the integration of its operations with those of Anheuser-Busch InBev as the brewer's board weighs its sweetened takeover offer, two sources familiar with the matter said. Still, AB InBev's U.S.-listed shares fell 3 percent and shares of Molson Coors, which is set to take over SAB's U.S. operations, fell 5...

  • LONDON, July 21- SABMiller's board will review its $107 billion merger deal with Anheuser Busch InBev once all regulatory approvals have been secured, its chairman said on Thursday. However, the drop in sterling since the UK voted to leave the European Union has reduced the relative appeal of the all-cash offer aimed at most of SAB's shareholders.

  • LONDON, July 21- SABMiller's board will review its $107 billion merger deal with Anheuser Busch InBev once all regulatory approvals have been secured, its chairman said on Thursday. However, the drop in sterling since the UK voted to leave the European Union has reduced the relative appeal of the all-cash offer aimed at most of SAB's shareholders.

  • *SABMiller awaiting China preconditions before scrutinising terms. LONDON, July 21- The chairman of SABMiller said the brewer would consider the attractiveness of a $107 billion offer by Anheuser Busch InBev after the merger had undergone the regulatory process. At the company's annual general meeting on Thursday, Chairman Jan du Plessis said the board...

  • *SABMiller awaiting China preconditions before scrutinizing terms. LONDON, July 21- The chairman of SABMiller said the brewer would consider the attractiveness of a $107 billion offer by Anheuser Busch InBev after the merger had undergone the regulatory process. At the company's annual general meeting on Thursday, Chairman Jan du Plessis said the board...

  • 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.