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Philip Morris is pledging $1B to end traditional smoking. The company will donate $80M a year, for 12 years, towards the Foundation for a smoke-free world. Yahoo Finance’s Alexis Christoforous and Rick Newman figure out why Philip Morris is making this move.
ALBUQUERQUE, N.M. (AP) — A U.S. judge in New Mexico has dismissed more than two dozen complaints against the maker of American Spirit cigarettes but is allowing others to move forward over a line of tobacco touted as natural.
Smoking is one of the world’s favorite pass time activity, whether they’re at work, at home, or away from all the stress of work, so we were curious to find out just which were the biggest tobacco companies in the world in 2017. Smoking isn’t exactly the best practice humans could have picked. On top […]
WINSTON-SALEM, N.C. (AP) — The top executive of tobacco giant Reynolds American Inc. will step down after one year in the role.
Debra Crew, CEO of Reynolds American, will leave the company by the end of the year and be replaced by Ricardo Oberlander, currently regional director of the Americas for British American Tobacco, which purchased the Winston-Salem firm earlier this year for $54.5 billion. The announcement was made by BAT on Tuesday. BAT officials said that Crew has decided to leave BAT to "pursue other opportunities outside the company." She is leaving the company after becoming president and CEO of Reynolds American on Jan. 1, 2017, and succeeding Susan Cameron, who left that role to become executive chairwoman until May 2017.
Rating Action: Moody's upgrades $356.1 million of Tobacco Asset-Backed Bonds and downgrades an additional $87.2 million. Global Credit Research- 10 Oct 2017. New York, October 10, 2017-- Moody's Investors ...
Winston-Salem-based Reynolds American, which is owned by British American Tobacco , and other cigarette makers including Richmond, Va.-based Altria will soon begin running a series of court-mandated corrective advertisements on television and newspapers to send the message that smoking kills and that they intentionally made cigarettes more addictive. According to the Wall Street Journal, companies including Reynolds and Altria (MO) are planning to spend millions of dollars on the advertisements to settle a lawsuit brought nearly two decades ago by the U.S. Department of Justice over misleading statements the industry made about cigarettes and their health effects.
The move, announced on Thursday, follows the company’s $49 billion takeover of U.S. peer Reynolds American, which added Camel cigarettes and Vuse e-cigarettes to a BAT portfolio that includes Lucky Strike cigarettes, Vype e-cigarettes and the glo tobacco-heating device.
NEW YORK (AP) — The price of a pack of cigarettes in New York City is going up — to at least $13 — and the number of places you can buy them is going down under legislation signed Monday by the mayor.
Where have we seen this movie before? It was “Thank You For Smoking,” a barbed satire based on a Christopher Buckley novel about the government’s attempt to rein in the cigarette trade by forcing Big Tobacco ...
Rating Action: Moody's upgrades Reynolds American's ratings following guarantees by BAT. Global Credit Research- 01 Aug 2017. New York, August 01, 2017-- Moody's Investors Service upgraded the senior unsecured ...