SACRAMENTO, Calif.— Democratic lawmakers advanced a package of tobacco regulation bills on Thursday, reviving proposals that earlier stalled in the Legislature amid opposition from tobacco companies. The measures approved by the Senate do not include a pending proposal to raise California's cigarette tax by $2 per pack from the current 87 cents.» Read More
New York City Council Speaker Christine Quinn is expected on Monday to announce new legislation that would raise the legal age limit for the purchase of cigarettes from 18 to 21.
The government's sale of a $10 billion stake in Japan Tobacco, the world's third-largest tobacco company, is expected to kick off within days after bankers met on Tuesday over deal details.
Dirk Van Vlaanderen, vice president for Europe at Jeffries International, tells CNBC how to trade tobacco and alcohol stocks now that the market is in a bull phase.
Safer to own than to consume, tobacco stocks have earned enormous returns for investors during the euro zone crisis, mimicking the safe haven of the fixed-income markets sought by jittery investors.
Edmund Shing, head of European equity strategy at Barclays Capital, tells CNBC, "Tobacco has been the best performing sector by a long way over the last ten years, so if you take a longer perspective the fact that over a few months it pauses, it is just a pause in a very long-term upward trend."
Investors can probably expect solid gains for their 2012 stock portfolios. But the fortunes of individual sectors will also rise and fall in the years ahead, depending on which political party wins the White House in November.
Rob Moodie, Professor of Public Health, University of Melbourne explains why he thinks that Australia's new anti-smoking law banning logos on cigarette packs is a good thing.
Imperial Tobacco, one of the world’s leading tobacco companies, offers significant growth prospects as well as being one of the most defensive areas in consumer staples, Olivier de La Ferrière, fund manager at KBL Richelieu Gestion, told CNBC.com.
A high-profile California cigarette tax initiative backed by cycling legend Lance Armstrong that once seemed like a sure thing teetered on the brink of defeat, a testament to the efficacy of a $50 million campaign backed by Big Tobacco.
In a battle pitting Big Tobacco and small business groups against health advocates, California voters are deciding whether to increase the state's cigarette tax by $1 a pack. The vote was too close to call Wednesday, The Associated Press reports.
Steady declines in smoking, a big win for public health, are creating problems for municipal bond investors.
With interest rates so low, the story of 2011 was the hunt for yield. As a result, a tremendous amount of money flowed into tobacco stocks. But 2012 is a different story — at least with U.S.-based brands.
Although investors should consider litigation and regulation risks, one analyst thinks tobacco stocks are secure, generate free cash flow and could boost your portfolio.
Insight on why tobacco stocks have been surging, with Bernie Herzog, Wells Fargo tobacco analyst.
A federal requirement would have begun forcing U.S. tobacco companies to put large graphic images on their cigarette packages, until a judge blocked the ruling Wednesday.
Is it a good way to influence behavior and/or raise revenue, just like tobacco and alcohol?
The nicotine gum and patches that millions of smokers use to help kick their habit have no lasting benefit and may backfire in some cases, according to the most rigorous long-term study to date of so-called nicotine replacement therapy. The New York Times reports.
Altria shares dropped by 2% on Tuesday after Barron's reported severely declining cigarette sales. The Fast Money crew weigh in on the defensive investment.
The cigarette maker saw strong stock growth in 2011, up 28 percent year to date, but when is a good time to buy?
U.S. companies in cyclical and defensive industries could take the biggest earnings hits if Europe falls into recession.