A decision by a Florida jury to impose damages of $23.6 billion against RJ Reynolds is likely to be rejected or reduced on appeal, experts say.
A Florida jury has slammed a tobacco company with $23.6 billion in punitive damages in a lawsuit filed by the widow of a longtime smoker.
A huge merger between tobacco giants Reynolds American and Lorillard will see electronic cigarette leader blu go to another company.
Reynolds American on Tuesday announced plans to acquire Lorillard in a deal the company valued at $27.4 billion.
Tobacco companies Reynolds American and Lorillard have confirmed they're in merger talks. CNBC's David Faber takes a close look at the negotiations.
Sources told CNBC that a Lorillard and Reynolds American merger is weeks away, although the companies have not fully negotiated terms.
Tom Metzold, portfolio manager at Eaton Vance, says tobacco-maker will have to branch out of traditional cigarettes as the potential for e-cigarettes is "dramatic".
Philip Morris cut its 2014 earnings forecast saying it is proving to be a "complex and truly atypical" year for the company.
Discussing the impact to big tobacco now that e-cigarettes are increasingly more popular, with Steve Malanga, Manhattan Institute senior fellow, and Lee Munson, Portfolio Asset Management CIO.
The British Medical Association voted on Tuesday in favor of a lifelong ban on cigarette sales to people born after 2000.
The rapid growth of electronic cigarette sales poses a rising risk to holders of as much as $96 billion of bonds tied to payments tobacco companies.
Electronic cigarettes, promoted as a healthier alternative to tobacco, are getting powerful new backers: big tobacco firms. NYT reports.
Virginia state Sen. Phillip Puckett's resignation may bring new jobs for him and his daughter, but has angered fellow Democrats.
In the midst of e-cigarette regulation decisions, the FDA has included lost consumer enjoyment from less smoking in cost-benefit analysis.
E-cigarette sales at US convenience stores fell for the first time, underlining a shift to larger, cheaper devices, the FT reports.
The prototype for the Empire State Building will turn into a hotel and luxury apartments next year.
The World Health Organization called Tuesday for a hike in tobacco taxes to encourage smokers to quit and nonsmokers from starting.
Reynolds American and Lorillard are allegedly in advanced talks about a merger. CNBC's John Jannarone digs into the likelihood of this deal.
The "Squawk on the Street" crew weigh in on the potential merger between tobacco companies Reynolds American and Lorillard.
Nik Modi, RBC Capital Markets, discusses the outlook on the tobacco industry and e-cigarettes.