Food and Beverage Tobacco

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  • WINSTON SALEM, N.C.— Reynolds American, the company behind Camel and Pall Mall cigarettes, said strong sales of its recently-acquired Newport brand helped boost its financial results in its first quarter. Reynolds did not say when it expects Cameron to leave, but said the integration of Newport will be completed later this year. Reynolds said volume at its RJR...

  • HARTFORD, Conn.— Cigarette manufacturers aren't immune to lawsuits by smokers who get sick, the state's highest court ruled Monday in a decision that bolsters the case of a smoker who was stricken with laryngeal cancer and won a $28 million judgment against R.J. Reynolds Tobacco Co.. The Connecticut Supreme Court was asked to decide the issue by the 2nd U.S....

  • Sam Brownback is facing strong bipartisan criticism over his proposal to use bonds backed by tobacco settlement funds to help plug short-term budget gaps. The Republican governor wants to sell off the rights to collect part of Kansas' annual payments from a national legal settlement in the 1990 s between states and tobacco companies. Dan Kerschen, a...

  • NEW YORK— Philip Morris International Inc. on Tuesday reported a drop in first-quarter profit on lower cigarette sales volume. Philip Morris expects full-year earnings to be $4.40 to $4.50 per share. Philip Morris International shares fell $1.10 to $99.50 in premarket trading about 2 and a half hours ahead of the market open.

  • The Delhi government ordered the prohibition of the sale, purchase and possession of all forms of chewable tobacco, saying violators can be imprisoned for up to six months and fined up to 300,000 rupees. Chewable tobacco products reportedly cause 90 percent of all mouth cancers in India. Tobacco manufacturers won a court stay against earlier bans, but public...

  • NEW DELHI, April 16- India's biggest cigarette maker ITC Ltd said it would resume production at its factories "consequent upon" a favourable court order, two weeks after it decided to shutter its plants over the government's stringent new packaging rules. India ordered that from April 1, 85 percent of a cigarette pack's surface had to be covered in health warnings,...

  • *Local association challenges rules in Supreme Court. JAIPUR, India, April 14- India's tobacco industry has sought to delay strict new health warning rules by appealing to the country's highest court, a move anti-smoking activists say could backfire given that the court has ruled against cigarette makers in the past. That tactic worked in India in 2010, when the...

  • *India orders implementation of new cigarette pack warnings. NEW DELHI, April 5- India's health ministry has ordered government agencies to enforce a new rule for bigger health warnings on cigarette packs, stepping up a fight against the country's $10 billion cigarette industry that has shut down its factories in protest. Smoking kills about 1 million people...

  • Cigarette dispensary

    "CalPERS has been reviewing changes to its divestment policy," said a spokesman.

  • *India wants warnings on 85 pct of a cigarette pack's surface. NEW DELHI, April 1- Indian cigarette makers including ITC Ltd, part-owned by British American Tobacco, suspended production on Friday over what they said was ambiguity in the government's new health warning rules for packs, a leading industry body said. India was last year forced to delay...

  • NEW DELHI, April 1- Indian cigarette makers have shut their factories from Friday due to ambiguity over new warning rules on packs, a leading industry lobby group said on Friday. The Tobacco Institute of India, which says its members account for 98 percent of local sales of duty-paid cigarettes, said in a statement it estimated the production halt would cause the...

  • SCANDINAVIA

    A new index lists the countries with the most punitive rules and taxes in Europe on cigarettes, alcohol and unhealthy foods.

  • TOKYO, March 29- Two tobacco giants are seeing strong demand for their reboots of the e-cigarette in Japan, with Philip Morris International twice postponing a nationwide rollout and Japan Tobacco suspending shipments- both due to supply shortages. Japan has become a key testing ground for the two companies and their new, real tobacco e-smokes as they grapple...

  • WASHINGTON, March 21- The U.S. Supreme Court on Monday wrestled with whether a lawsuit filed by European Union countries accusing cigarette maker R.J. Reynolds in 2002 of directing a decade-long scheme from the United States that involved the smuggling of illegal narcotics into Europe by Colombian and Russian crime groups, the laundering of proceeds from the...

  • The "Fast Money" traders deliver their final trades of the day.

  • The "Fast Money" traders give their final trades of the day.

  • Wells Fargo top pick: Philip Morris

    Philip Morris hits new highs after being named top pick at Wells Fargo. Bonnie Herzog, senior analyst for Wells Fargo, explains.

  • Woman smoking from an E-Cigarette

    Electronic battery explosions are increasing in frequency, leaving people with third-degree burns and scars, NBC News reports.

  • The "Fast Money" traders give their final trades of the day.

  • Smoking cigarette

    U.S. tobacco users spend more than $320 billion a year on cigarettes and health care for smoking-related illnesses, according to a study.