Food and Beverage
Tobacco
Jim Cramer flies through his take on callers' favorite stocks, including one tobacco giant.
Jim Cramer flies through his take on callers' favorite stocks, including one tobacco giant.
Tobacco companies have already started posturing themselves for a future beyond cigarettes.
Debra Crew, CEO of Reynolds American, expects a race to innovate with less harmful nicotine products.
San Francisco residents will vote next year on whether flavored tobacco products can be sold in the city.
*BAT, IMB, Altria, JT slides 4 pct since FDA announcement. Aug 31- British American Tobacco has reorganized its regional management structure to integrate its vaping products with its core business, in a push by the worlds biggest listed tobacco company to help cigarette alternatives go mainstream. The move, announced on Thursday, follows the companys $49 billion...
*India looking at foundation's anti-tobacco lobbying activities. NEW DELHI, Aug 29- India has been investigating how Bloomberg Philanthropies, founded by billionaire Michael Bloomberg, funds local non-profit groups for anti-tobacco lobbying, government documents show, making it the latest foreign non-government organisation to come under scrutiny.
*India looking at foundation's anti-tobacco lobbying activities. NEW DELHI, Aug 29- India has been investigating how Bloomberg Philanthropies, founded by billionaire Michael Bloomberg, funds local non-profit groups for anti-tobacco lobbying, government documents show, making it the latest foreign non-government organization to come under scrutiny.
NEW YORK, Aug 24- Tobacco company Altria Group Inc raised its dividend by 8.2 percent on Thursday, signaling the company did not expect a U.S. government proposal to reduce nicotine in cigarettes to threaten its ability to make the payment to shareholders. The increase, which was widely anticipated by investors, came as tobacco stocks remained well below where...
"It's not the nicotine that kills you, it's all the other carcinogens in lighting tobacco on fire," FDA Commissioner Dr. Scott Gottlieb says.
Scott Gottlieb, Food and Drug Administration commissioner, talks about the agency's plan to introduce regulation that lowers nicotine levels.
The letter was prompted by a Reuters investigation last month that revealed how Philip Morris was deploying marketing tactics in India, some targeting young people, that officials said were illegal. The India unit of Philip Morris International did not respond to questions from Reuters. The health ministry also sent a letter to ITC Ltd, India's leading...
The Tobacco Industry and Marketing Board said in March at the start of the tobacco-selling season that Zimbabwe was likely to produce 205 million kg of tobacco this year but sales only amounted to 185 million kg. Last year Zimbabwe produced and sold 200 million kg and earned $589 million, TIMB data showed. The central bank said early this month that Zimbabwe...
NEW YORK, Aug 9- A U.S. proposal to slash nicotine levels in cigarettes may have smoked some investors out of Altria Group Inc, whose Marlboro line is the top-selling U.S. brand, but long-term stockholders are staying put after decades of dividend hikes in August. Altria, informally known as "Big Mo" before its split from Phillip Morris International Inc in 2008, fell...
WASHINGTON, Aug 8- Hot on the heels of its proposal to lower nicotine levels in cigarettes, the U.S. Food and Drug Administration announced plans on Tuesday for an education campaign to discourage use of electronic cigarettes among youth. Its new policy "aims to strike a careful balance between the regulation of all tobacco products, and the opportunity to...
Aug 8- Hot on the heels of its proposal to lower nicotine levels in cigarettes, the U.S. Food and Drug Administration on Tuesday announced plans for an education campaign to discourage use of electronic cigarettes among youth. Its new policy "aims to strike a careful balance between the regulation of all tobacco products, and the opportunity to encourage...
Jim Cramer rattles off his take on callers' favorite stocks, including tobacco product giant Philip Morris International.
Jim Cramer rattles off his take on callers' favorite stocks, including tobacco product giant Philip Morris International.
LONDON, Aug 7- Investors are betting on a little-known biotech company to supply Big Tobacco with low-nicotine cigarettes, but so far its technology is unproven. Shares in New York- based 22nd Century Group have soared 80 percent to a three-year high since late last month, when the U.S. Food and Drug Administration proposed cutting the nicotine levels in...
JAKARTA, Aug 2- Anti-smoking groups in Indonesia have slammed Big Tobacco for promoting sales by giving retailers cash rewards, shopping vouchers and even money to renovate, urging authorities to enforce advertising curbs to safeguard public health. By mid-2016, Philip Morris-controlled PT Hanjaya Mandala Sampoerna Tbk, PT Gudang Garam Tbk and Djarum Group...
