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Food and Beverage Tobacco

  • *FTSE 100 up 0.8 pct. LONDON, Aug 1- Britain's leading shares made strong gains on Tuesday, supported by oil major BP and Rolls Royce among a raft of robust results, while a recovery in cigarette makers British American Tobacco and Imperial removed a drag on the benchmark. The FTSE 100 jumped 0.8 percent, starting the month on a firm footing, while mid-caps rose 0.4...

  • *Miners support after China data. LONDON, July 31- Weakness among tobacco stocks and some broker downgrades weighed on European shares, sending them lower on the final trading day of July as analysts dissected what was beginning to look like an "underwhelming" earnings season. Britain's commodity-heavy FTSE 100 index held on to 0.1 percent gains while France's...

  • Shares of major tobacco companies in the United States and UK slumped in heavy trading volume after the proposal was unveiled by the head of the U.S. Food and Drug Administration, with the world's biggest producers losing about $26 billion of market value. The FDA cannot reduce nicotine levels to zero, nor can it ban cigarettes. But Gottlieb said the agency would...

  • Shares of major tobacco companies in the United States and UK slumped in heavy trading volume after the proposal was unveiled by the head of the U.S. Food and Drug Administration, with the world's biggest producers losing about $26 billion of market value. The FDA cannot reduce nicotine levels to zero, nor can it ban cigarettes. But Gottlieb said the agency would...

  • Tobacco smoking cigarette

    The FDA announced a plan for tobacco and nicotine regulation, which seeks to lower nicotine in cigarettes to non-addictive levels.

  • *Amazon, Starbucks fall after posting results. *Tobacco stocks drop after FDA statement on nicotine. July 28- The S&P 500 slipped on Friday on negative reactions to earnings reports from high-profile names such as Amazon, Exxon and Starbucks and a drop in shares of tobacco companies.

  • NEW YORK, July 28- The S&P 500 slipped on Friday on negative reactions to earnings reports from high-profile names such as Amazon, Exxon and Starbucks and a drop in shares of tobacco companies. The Dow industrials, however, set a third-consecutive record closing high, buoyed by Chevron after the energy company's results. The Dow Jones Industrial Average rose...

  • *Dow industrials edge up into record territory. *Tobacco stocks fall after FDA statement on nicotine. July 28- The S&P 500 slipped on Friday on negative reactions to earnings reports from high-profile names such as Amazon, Exxon and Starbucks and a drop in shares of tobacco companies.

  • Former FDA commissioner on targeting big tobacco

    David Kessler, former FDA commissioner, discusses the FDA's plans to lower nicotine levels in cigarettes.

  • The FDA's move to consider reducing nicotine levels in cigarettes sent shares of major tobacco companies in the United States and UK plummeting in heavy trading volume, with the world's biggest producers poised to lose about $60 billion of market value. The agency cannot reduce nicotine levels to zero, nor can it ban cigarettes, but Gottlieb said the FDA would...

  • LONDON, July 28- British American Tobacco said on Friday it was not surprised by the U.S. Food and Drug Administration's announcement that it plans to reduce nicotine levels in cigarettes. In a major regulatory shift announced on Friday that sent shares of traditional cigarette companies plunging, the FDA said it aims to reduce nicotine levels in cigarettes...

  • *Amazon falls after quarterly profit plunges. *Tobacco stocks fall after FDA statement on nicotine. July 28- The Dow and the Nasdaq clawed back losses on Friday as technology stocks edged higher, but the S&P was hobbled by a drop in the shares of Amazon and tobacco companies.

  • A shop owner sells a pack of cigarettes to a customer in San Francisco.

    California's cigarette tax hike is proving to be hazardous to Big Tobacco and retailers alike.

  • *FTSE 100 down 1 pct at close. LONDON, July 28- Britain's major share index posted its first weekly loss since June on Friday after a late-session slump in tobacco stocks, falls among banking stocks and a disappointing update from telecoms firm BT. The FTSE 100 ended the session 1 percent lower at 7,368.37 points, in line with a broader decline in the European market.

  • July 28- The U.S. Food and Drug Administration aims to reduce nicotine levels in cigarettes while exploring measures to move smokers toward e-cigarettes, in a major regulatory shift announced on Friday that sent traditional cigarette company stocks plunging. The move means FDA Commissioner Scott Gottlieb has sided at least partially with e-cigarettes in...

  • Altria shares plunge 17% after FDA releases roadmap to curb tobacco-related deaths

    The FDA on Friday said it seeks to lower nicotine in cigarettes to non-addictive levels.

  • NEW DELHI, July 22- The state government in India's capital told Philip Morris International Inc and other tobacco companies on Saturday to remove all advertisements from tobacco shops in the city, warning them of legal action if they do not comply. The order, sent by Delhi state's chief tobacco control officer S. K. Arora, comes days after Reuters reported that...

  • NEW DELHI, July 21- India plans to seek an explanation from Philip Morris International Inc about its marketing practices after Reuters reported that the tobacco giant used tactics that government officials say flout the country's law, a health ministry official said on Friday. Philip Morris advertises Marlboro cigarettes, the worlds best-selling brand, at...

  • *Home Depot fall weighs on Dow, S&P. *Sears soars after Amazon deal to sell Kenmore appliances. July 20- U.S. stocks traded little changed in late morning session on Thursday, struggling to hold on to the record highs on the S&P and the Nasdaq, weighed by a drop in consumer discretionary stocks and disappointing earnings by some big names.

  • *Abbott up after raising full-year profit forecast. *AmEx, Travelers fall after posting drop in profit. July 20- U.S. stocks were little changed in early trading on Thursday after the S&P and the Nasdaq touched all-time highs as earnings from some big names disappointed.