WASHINGTON (Reuters) - U.S. health officials on Thursday sought to clamp down on the marketing of cigarettes to children and teenagers, issuing national limits on merchandise sales, event sponsorships and other promotions after a failed attempt more than a decade ago. Under ...
Cigarette maker Philip Morris International declares dividend of 58 cents per share Cigarette maker Philip Morris International Inc. has declared a regular quarterly dividend of 58 cents per share. The dividend is payable on April 9 to stockholders of record on March ...
Eclipse cigarette claims held deceptive and misleading Big Tobacco suffered a big loss as Vermont Superior Court Judge Dennis Pearson found that R.J. Reynolds Tobacco Company’s advertising claims of a “reduced risk” cigarette were deceptive and misleading, in violation of Vermont’s Consumer ...
GENEVA (Reuters) - Governments must do more to protect workers in bars, restaurants and the entertainment sector from harmful smoke, and curb tobacco advertising and sponsorship, the World Health Organization said on Friday. Developing countries are the new frontier for tobacco companies, ...
Cigarette maker Lorillard's board authorizes $250 million in share buybacks Lorillard Inc.'s board on Thursday announced a share buyback program for up to $250 million of outstanding common shares. The cigarette maker will buy back shares with existing cash. Lorillard, based in ...
US-based tobacco giant Philip Morris said Thursday it has formed a new company in the Philippines with local rival Fortune Tobacco Corp., owned by Chinese-Filipino tycoon Lucio Tan. Tan will become chairman of the new company, to be called PMFTC in a ...
<div id="subtitle">Economy, health worries hurt global cigarette demand but profits remain solid</div><div><p>The weak economy and higher prices are snuffing out cigarette demand around the world — most vigorously in the U.S., where a federal tax hike, smoking bans, health concerns and social ...
Judge cuts $300 million Fla. smoker's damage award against Philip Morris to $39 million Concluding a jury was moved by emotion rather than hard evidence, a judge on Wednesday reduced $300 million in damages awarded to a Florida smoker against Philip Morris ...
<div id="subtitle">Lorillard 3rd-quarter profit dips partly on higher expenses, consumers curbing their spending</div><div><p>Lorillard Inc., the nation's third-largest cigarette maker, saw less of a decline in cigarettes sold in the third quarter than its competitors as its value brands posted big gains.</p>< ...
<div id="subtitle">NY may try to collect taxes on Indian cigarettes; estimated $400M could help close $3B deficit</div><div><p>A deepening deficit has New York officials looking again at how to collect unpaid taxes on cigarettes sold by Indian tribes to non-Indians.</p><p>The ...
