RICHMOND, Va.— Altria's fourth-quarter revenue improved thanks partly to higher tobacco product pricing, and the company announced a plan to reduce costs that includes job eliminations. Altria said the charges include about $120 million in employee separation costs. Altria earned $1.25 billion, or 64 cents per share, for the period ended Dec. 31.» Read More
Smokers trying to get coverage next year under President Obama's health law may get a break from tobacco-use penalties that could have made their premiums unaffordable.
Murray Kessler, Lorillard CEO, talks about FDA approval of its new non-menthol cigarette product as the company makes a big bet on e-cigarettes.
Craig Weiss, NJOY CEO, discusses competition, regulations and health risks associated with the growing business of e-cigarettes.
Blu eCigs founder Jason Healy discusses the regulation of e-cigarettes as medicine in the U.K. starting in 2016.
Altria Group, formerly Phillip Morris USA, plans to release an e-cigarette, showing the company's dedication to maintaining market share in an age of declining tobacco sales.
Reynolds American is launching its Vuse electronic cigarettes in Colorado, with an eye toward quick national expansion. Company executives say the product will alter the landscape.
CNBC's Jackie DeAngelis talks with Daniel Delen, president and CEO of Reynolds American, about his company's efforts to take a significant portion of the electronic cigarette market.
Big Tobacco is taking notice of the e-cigarettes, but critics say there's not enough information about the product's potential health risks, reports CNBC's Jackie DeAngelis.
Shane MacGuill, tobacco industry analyst at Euromonitor, talks about the smoking ban in Russia and explains why it is unlikely to affect the tobacco market much.
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.