Hit by federal regulations and massive class action lawsuits, two of Canada’s tobacco companies have struck back with legal action of their own.
Imperial Tobacco Canada Ltd. and JTI-Macdonald Corp. have launched proceedings in Ontario Superior Court to attempt to strike down cigarette package warning regulations that came into effect last fall. Ream more »
Japan Tobacco Inc. 2914.TO +0.88% said Thursday that its net profit for the fiscal year ended March grew 32%, due to strength in its overseas tobacco and pharmaceutical business.
The world’s third-largest tobacco company by sales volume after Philip Morris International Inc. PM +1.71% and British American Tobacco BTI +0.17% PLC, posted a net profit of ¥320.88 billion in the just-ended business year against a ¥243.32 billion profit a year earlier. Ream more »
Japan Tobacco Inc. (2914), Asia’s largest listed cigarette maker by market value, forecast this year’s annual profit below analysts’ estimates.
Net income will probably be 318 billion yen for the year ending in March 2013, the Tokyo-based company said in a statement today. That was lower than the 341 billion yen average of eight analyst estimates compiled by Bloomberg. Sales are expected to reach 2.12 trillion yen, said the company. Ream more »
A long-sought meeting of the minds on tobacco farm worker conditions has been agreed to by advocacy groups and several large tobacco manufacturers, including Reynolds American Inc.
The Farm Labor Organizing Committee said Wednesday that a council is being formed that includes tobacco growers in North Carolina, the state Labor Department and agricultural scientists. Ream more »
Without implementation of a World Health Organization policy package called MPOWER, the number of adult smokers around the world will continue to grow over the next two decades, even as prevalence retreats slightly, researchers estimated.
Without any major policy changes, the adult smoking prevalence is estimated to drop from 23.7% in 2010 to 22% by 2030, according to David Mendez, PhD, of the University of Michigan School of Public Health in Ann Arbor, and colleagues.
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Cigarette advertising came back to the magazine business with a vengeance in Q1 2012, up 11 percent to 160 pages, according to MagazineRadar.
The rest of the magazine ad business is in decline. Tobacco advertising has been down in recent years as stricter regulations prevented most companies from promoting their product. But a complete ban on tobacco promotion is not permitted by the First Amendment, according to the U.S. Supreme Court.
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A sweep of Romeoville bars, liquor stores and gas stations showed most businesses are compliant with the law when it comes to not selling alcohol or tobacco to minors.
Minors went undercover to bars and shops, attempting to buy cigarettes and liquor. The sweep netted just two arrests after employees at the HighPoint Cigar Shop, 68 S. Weber Rd., and the BP gas station at 418 N. Weber Rd., were caught selling tobacco to teens, police said. Ream more »
At the University of South Dakota, it has been almost five months since the Student Government Association passed a smoke-free campus resolution. Now, as the school year comes to a close, USD has yet to see a smoking ban implemented on campus.
For SGA President Alissa VanMeeteren, the creation and implementation of a smoking ban is a process not to be taken lightly, and is currently in the hands of the students to put together. Ream more »
Close your eyes, and it sounds like a discussion from a week earlier: Got to do something before growing season.
Getting a lot of complaints from constituents. Conflict in status between state and federal laws. Medical marijuana, already a hot topic in Yuba and Sutter counties’ cities, will get its own hearing before Sutter County supervisors with a study session on May 15.
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A Washington State lawmaker is asking Attorney General Rob McKenna for an informal opinion on a bill that would tax cigarettes from roll-your-own machines.
State Sen. Pam Roach, an Auburn Republican, wants to know if the measure, which would tax the roll-your-own smokes the same as retail cigarettes, is considered a tax increase for residents. Ream more »