Food and Beverage Tobacco

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  • PARIS/ LONDON, May 23- French insurer AXA plans to stop investing in the tobacco industry, citing the impact of smoking on public health, and said it plans to sell its 1.8 billion euros of assets in the sector. "With this divestment from tobacco, we are doing our share to support the efforts of governments around the world," incoming AXA Chief Executive Thomas Buberl...

  • PARIS, May 23- French insurer AXA plans to stop investing in the tobacco industry, citing the impact of smoking on public health, and said it plans to sell its 1.8 billion euros of assets in the sector. AXA said it would divest its 200 million euros of equity holdings in tobacco companies immediately. "With this divestment from tobacco, we are doing our share to support...

  • *High Court finds new rules valid, lawful in all respects. LONDON, May 19- Britain got the go-ahead on Thursday to make plain packaging compulsory on cigarettes when a court rejected a legal challenge brought by the world's top four tobacco companies. In its ruling, the High Court highlighted the moral dimension to the new regulations.

  • LONDON— A group of tobacco firms have lost a U.K. court bid to prevent the sale of cigarettes in standardized green packaging. Philip Morris International, British American Tobacco, Imperial Tobacco and Japan Tobacco International challenged the legality of the new packages, which bear warnings and graphic images of the dangers of smoking.

  • U.S. bans e-cigarettes from checked baggage over fire risks.

    The U.S. Transportation Department said Wednesday it is banning passengers and crew members from carrying e-cigarettes in checked baggage.

  • LONDON, May 19- Britain got the go-ahead on Thursday to make plain packaging compulsory on cigarettes when a UK court rejected a legal challenge brought by the world's top four tobacco companies. Philip Morris International, British American Tobacco, Japan Tobacco International and Imperial Brands had argued the law, due to come into force on Friday,...

  • LONDON, May 19- Britain can go ahead with implementing its plan to require "plain packaging" on cigarettes this month, after the English High Court on Thursday rejected a legal challenge brought by Big Tobacco companies.

  • NEW YORK/ CHICAGO, May 17- Fitch Ratings' announcement that it will pull its ratings on tobacco bonds sold by U.S. states and local governments was not shaking up the market for the high-performing debt on Tuesday. Billions of dollars of bonds are backed by money from U.S. tobacco companies under a 1998 master settlement agreement to compensate 46 states,...

  • SAN DIEGO— A campaign to raise California's cigarette tax by $2 a pack said Monday it has collected enough signatures to qualify the proposal for the Nov. 8 ballot and raise the prospect of a pocketbook jolt for smokers in the nation's most populous state. The average cost of a pack of cigarettes in California is now about $5.50. "I think everybody in California has a...

  • SAN FRANCISCO, May 16- The board of the California Public Employees' Retirement System on Monday shortened the timeline for the completion of a study examining its 16- year-old decision to divest from tobacco. Calpers spokesman Joe DeAnda said the board will likely make an investment decision upon completion of the study but stressed that the review "is in no...

  • SAN DIEGO— A campaign to raise California's cigarette tax by $2 a pack said Monday it has collected enough signatures to qualify the proposal for the Nov. 8 ballot and raise the prospect of a pocketbook jolt for smokers in the nation's most populous state. The average cost of a pack of cigarettes in California is now about $5.50. "I think everybody in California has a...

  • NEW YORK/ WASHINGTON, May 5- The U.S. government on Thursday took wide-ranging steps to crack down for the first time on e-cigarettes and cigars, growing in popularity among teens, and banned sales to anyone under age 18 in hopes of sparing a new generation from nicotine addiction. The Food and Drug Administration's action brought regulation of e-cigarettes,...

  • *India's top court grants no stay on tobacco packaging rules. NEW DELHI, May 4- India's top court told tobacco companies on Wednesday they must adhere to a new federal rule requiring much larger health warnings on cigarette packs, in a major setback for the $11 billion industry that opposes the new policy. The Supreme Court turned down a plea to stay implementation...

  • Hot Summer Stocks: Beer, Sports and Travel

    Deirdre Bosa looks at the top trades over the last decade that have been able to avoid the summer stock doldrums.

  • An employee stocks cans of tobacco beside a display of Marlboro brand cigarettes inside a tobacco store

    The FDA released a plan for regulating e-cigarettes and other tobacco products, banning their sale to anyone under 18, NBC News reports.

  • May 5- U.S. health officials, who on Thursday announced a ban on the sale of e-cigarettes and other tobacco products to people under age 18, said they will look at potential future regulations on flavors used in the products as more data becomes available. Mitch Zeller, head of the Food and Drug Administration's center for tobacco products, said the agency would...

  • Cigars had previously not been regulated by the FDA. The FDA said in a statement that the regulations will bring all these products in line with how it oversees other tobacco products such as cigarettes, smokeless tobacco and roll-your-own tobacco. In 2009, the FDA began focusing on e-cigarettes as the product began appearing in the U.S. market.

  • NEW YORK, May 5- The U.S. Food and Drug Administration on Thursday banned sales of all e-cigarettes, cigars, pipe tobacco and hookah tobacco to people under age 18 and ordered manufacturers to submit these products to the regulatory agency for review. The FDA said in a statement the regulations will bring these products in line with how it oversees other tobacco...

  • Calfornia raises the tobacco age to 21

    The new law hopes to help those below the age avoid taking on the harmful habit.

  • SACRAMENTO, Calif., May 4- California will raise the legal age for purchasing tobacco products to 21 from 18 under a bill signed on Wednesday by Democratic Governor Jerry Brown, part of a package of anti-smoking measures that also regulates electronic cigarettes. Under five bills signed into law on Wednesday, California will ban the sale of vaping products or...