The world’s third largest tobacco company by sales volume, Japan Tobacco Inc, has invested $65 million (Rs 293 crore) in its Indian unit without increasing its shareholding, just days ahead of a government decision to ban foreign direct investment in cigarette manufacturing. Read more
The U.S. Food and Drug Administration rejected a request by cigarette giant Philip Morris USA to remove four members of a key tobacco-products advisory panel that the company said had extensive conflicts of interest. Read more
Australia on Thursday said it would become the world’s first country to ban logos and branding on cigarette packets, sparking a furious response from the tobacco industry. Read more
-British American Tobacco PLC (BATS.LN) Wednesday posted an accelerating decline in cigarette volumes for the first quarter as lower consumer spending in the global economic downturn hit sales of its cigarette brands. Read more
A local farmer, who was scrambling to make up a portion of his income lost when Phillip Morris International announced late last year that it would no longer buy from Lenoir County farmers, has found other sources and is now hard at work transplanting this year’s crop. Read more
Imperial Tobacco Group Plc, Europe’s biggest tobacco company, posted a first-half profit after the maker of West, Davidoff and JPS brands increased prices. Read more
Higher selling prices helped boost cigarette maker Philip Morris International Inc.’s first-quarter profit 15 percent, but results missed expectations due to pressure from steep excise taxes in some countries, and the weak economy. Read more
Altria’s MO robust first-quarter results confirm our thesis that its strong brand portfolio positions the firm at the top of the domestic tobacco industry. Our outlook remains unchanged, and we are maintaining our fair value estimate. Read more
Camel’s Orbs, the first dissolvable tobacco product, is causing a stir. According to a newly released study, the candy-like product that has the potential to appeal to children and teens could lead to nicotine addiction, poisoning and even death. Read more
Child Nicotine Poisoning Study Is Setback for Reynolds.
A product that seems like a panacea for the tobacco industry could poison children who mistake it for candy. Read more