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Category: Breaking News

RAI to webcast results conference call

RAI to webcast results conference call

July 16, 2014 | Comments (0)

Reynolds American is due to host a conference call and webcast from 09.00 hours Eastern Time on July 29 following the release of its second-quarter 2014 financial results before the market opens on that day. The conference call, which will be available on a listen-only basis, will hear from speakers Susan M. Cameron, president and […]

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RAI to acquire Lorillard, sell brands to Imperial

RAI to acquire Lorillard, sell brands to Imperial

July 15, 2014 | Comments (0)

Reynolds American Inc. (RAI) will acquire Lorillard for $27.4 billion. To help ease antitrust scrutiny that the deal may face, Imperial Tobacco has agreed to purchase the Kool, Salem, Winston, Maverick and Blu Ecigs brands for $7.1 billion, more than tripling its share of the U.S. cigarette market. Imperial will also acquire Lorillard’s manufacturing and […]

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Second global nicotine forum scheduled

Second global nicotine forum scheduled

July 15, 2014 | Comments (0)

The organizers of the recently held Global Forum on Nicotine have announced that they will stage another such event in a year’s time. The second Global Forum on Nicotine is scheduled to take place at the Marriott Hotel, Warsaw, on June 5–6, 2015. The first GFN, which attracted about 200 people from 30 countries, was […]

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Lung groups criticized over position statement on e-cigarettes

Lung groups criticized over position statement on e-cigarettes

July 15, 2014 | Comments (0)

A position statement on e-cigarettes issued last week by a group of international lung health organizations has been strongly criticized by a leading U.S. health expert. “Experts from the world’s leading lung organizations have released a position statement on electronic cigarettes, focusing on their potential adverse effects on human health and calling on governments to […]

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Denmark referred to court over failure to ban less risky tobacco product

Denmark referred to court over failure to ban less risky tobacco product

July 15, 2014 | Comments (0)

The European Commission on Thursday referred Denmark to the EU Court of Justice (CJEU) for not banning all forms of snus. With the exception of Sweden, the sale of snus is prohibited throughout the EU. The commission said that it was referring Denmark to the CJEU for failure to amend its national legislation so as […]

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Cigarette sales plummet during Ramadan

Cigarette sales plummet during Ramadan

July 15, 2014 | Comments (0)

With the Islamic fasting month of Ramadan midway over, shops in Oman’s capital, Muscat, are experiencing a drop in cigarette sales of up to 45 percent, according to a story in the Oman Observer. And the pattern of sales is different, with few sales being made during the day but a rush occurring after iftar, […]

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New longer-lasting e-cigarette on offer

New longer-lasting e-cigarette on offer

July 15, 2014 | Comments (0)

FirstUnion says it has used new battery materials and a different internal structure to develop a more economical, longer-lasting, disposable e-cigarette that yields high puff counts, “immense vapor” and a fresher taste using a safer battery. The new design is said also to allow for a longer shelf-life. The new battery materials were said by […]

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Lorillard acquisition talks confirmed

Lorillard acquisition talks confirmed

July 14, 2014 | Comments (0)

Reynolds American (RAI) and Lorillard have confirmed that they are in discussions about a possible acquisition of Lorillard by RAI. The confirmations followed a statement by Imperial Tobacco—in response to U.K. disclosure obligations—that it had been part of the discussions as a possible purchaser of certain RAI and Lorillard brands and assets should the acquisition […]

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Dalli seeking €1.9 million in damages

Dalli seeking €1.9 million in damages

July 14, 2014 | Comments (0)

The former EU health commissioner, John Dalli, is seeking €1.9 million in material damages from the EU after what he alleges was his forced resignation from the European Commission in October 2012, according to a story in the Times of Malta. Up until his resignation, Dalli was responsible for the new Tobacco Products Directive, which […]

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Sugar is the new tobacco

Sugar is the new tobacco

July 14, 2014 | Comments (0)

Kuwait’s Ministry of Health is considering whether it should ask the government to increase taxes on tobacco products and cancel subsidized sugar from the monthly rations of its citizens, according to a Kuwait News Agency report quoting the ministry’s undersecretary, Khaled Al-Sahlawi. The proposed moves would be aimed at reducing the incidence of noncommunicable diseases […]

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