Search

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.

Altria Group Inc. said Wednesday it would spin off its international tobacco business on March 28, freeing it to pursue cigarette sales more aggressively without ties to its U.S. counterpart - and U.S. regulatory oversight.

Leading tobacco firms in the US, including British American Tobacco, are to face a class action lawsuit seeking punitive damages of up to $200bn (£105bn) relating to the alleged fraudulent promotions suggesting "light" branded cigarettes are safer, or less addictive, than regular ones.