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The first of about 8,000 lawsuits blaming the health problems and deaths of Florida smokers on tobacco companies went to trial Tuesday. The key to the case is proving whether now-deceased Stuart Hess was addicted to cigarettes made by Richmond, Va.-based Philip Morris, a unit of Altria Group.
Swedish Match AB and Philip Morris International Inc. announced a joint venture Tuesday to market smokeless tobacco world-wide. The venture combines a world-wide giant in smokeless, Swedish Match, with the world's second-largest purveyor of cigarettes, PMI, an Altria Inc. spinoff.
The Federal Trade Commission is asking the Supreme Court to reject Altria Group Inc.'s argument that only that agency can regulate cigarette advertising, saying such an interpretation mischaracterizes the FTC's "scope and effect" on the issue.
Now, the next generation of Tisches has removed tobacco from the portfolio of the conglomerate they lead, the Loews Corporation, spinning off its tobacco unit, Lorillard, as a stand-alone business, with the Newport brand representing more than 90 percent of the new company's revenue. The new stock began trading Tuesday, and analysts have said the new company might be a takeover target.
In a move that could reverberate throughout the fund industry, the nation's second-largest pension fund is considering lifting a nearly eight-year ban on tobacco investments.
The seven, from Democratic and Republican administrations, faxed a letter to members of the Senate and House of Representatives demanding that menthol-flavored cigarettes be banned just like various other cigarette flavorings the legislation would outlaw.
n the case of Gallaher, Imperial Tobacco, Asda, Sainsbury, Shell, Somerfield and Tesco, there was an indirect exchange of proposed future retail prices between competitors, it adds, allegedly between 2001 and 2003.
Some public health experts are questioning why menthol, the most widely used cigarette flavoring and the most popular cigarette choice of African-American smokers, is receiving special protection as Congress tries to regulate tobacco for the first time.
As legislation moves through Congress that would empower the F.D.A. to regulate the tobacco industry, Reynolds, whose brands include Camel cigarettes, is attacking what it views as the bill's vulnerability: a weak, overextended F.D.A.
Cigarettes may be damaging not only your own health, but also that of some of the world's poorest children. Much of Malawi's thriving tobacco industry rests on the backs of exploited children, some as young as five years old.