Reynolds American Inc. is due to host a conference call and webcast from 09.00 Eastern Time on February 10 following the release of its fourth-quarter 2014 financial results.
The speakers will be Susan M. Cameron, president and CEO, Thomas R. Adams, CFO, and Morris L. Moore, vice president of investor relations.
The conference call and webcast will be available on a listen-only basis at www.reynoldsamerican.com, where registration is available and a replay is due to be made available.
The conference call numbers are (877) 390-5533 (toll-free) and (678) 894-3969 (international).
Flue-cured tobacco production in the Indian state of Andhra Pradesh is likely to reach 190-200 million kg, according to a story in the latest issue of the BBM Bommidala Group newsletter quoting initial estimates.
The Tobacco Board of India had set a crop target of 172 million kg for the state.
Meanwhile, the Indian Tobacco Association is seeking to have the start of flue-cured auctions in Andhra, which was set for the third week of February, delayed until those in the state of Karnataka are finished.
Ninety six days into the Karnataka auction season, 49.52 million kg of flue-cured had been sold for an average price of Rs113.60 per kg.
The Board’s target is 102 million kg.
Current data indicates that the smoking rate among women in China is ‘very likely’ to rise ‘even further’, according to a story by Mason Coltrane for Yibada.
Coltrane said the issue of smoking among women was no longer confined to the northern rural regions of the country where middle-aged and elderly women had traditionally smoked cigarettes while not working or during harsh winters.
According to the Women of China website, concentrations of women smokers now occurred in eastern urban locations because young career women had taken up the practice.
Additionally, smoking among adolescent female smokers was said to have become a major concern.
Even as far back as 2005, a national survey found that 23 percent of teenage girls had admitted to smoking; and 68 percent of this group had smoked a whole cigarette prior to their becoming 13 years of age.
The number of teenagers smoking in 2005 represented almost a 15-percent rise from that of seven years earlier.
There is mounting opposition in Australia to the proposed Trans-Pacific Partnership (TPP); opposition that mirrors that in the EU to the Transatlantic Trade and Investment Partnership (TTIP).
According to a Scoop (New Zealand) story, an unusually diverse mix of 47 Australian community groups have written an open letter to the Trade Minister citing mounting evidence that the TPP is not in the national interest and demanding that the agreement’s text be released for public scrutiny before it is signed.
The groups include those with interests in public health, the environment, unions and workers’ rights, churches and development aid.
“The TPP talks have missed many deadlines over the last five years because community groups in many TPP countries have pressured governments to resist US proposals which would benefit US pharmaceutical, media, IT and tobacco industries at the expense of peoples’ rights,” Dr. Patricia Ranald, co-ordinator of the Australian Fair Trade and Investment Network, was quoted as saying.
Concern was expressed that TPP proposals would extend monopolies on medicines and thereby delay access to cheaper generic products; that the TPP included no agreement on legally enforceable workers’ rights to organise and improve working conditions; and that the TPP would allow foreign investors to sue governments over changes to domestic laws aimed at protecting special places such as the Great Barrier Reef.
“The European Union has responded to community pressure and announced that it will publish the full text of the Trans-Atlantic trade deal [TTIP] between the EU and the US before it is signed,” said Ranald.
“Australia and other TPP countries should follow this example and agree to release the TPP text before it is signed for public and parliamentary debate. This is the only way to test if it is in the national interest.”
Taiwan Solidarity Union (TSU) lawmakers yesterday accused the government of using tobacco tax revenues to sponsor festivals and print calendars instead of focusing on smoking prevention and health promotion, according to a story in the Taipei Times.
“Each year, the government collects about NT$20 billion [US$638.2 million] in tobacco taxes, which are supposed to be spent on smoking prevention, health promotion and relevant studies,” TSU caucus whip Lai Chen-chang told a press conference in Taipei.
“While 70 percent of the money is spent in these areas, the other 30 percent has become some sort of pocket money for different government agencies to spend on unrelated matters.”
Lai cited a private foundation headed by a former Chinese Nationalist Party (KMT) legislator that he said had been allocated tobacco-tax funds several times to print calendars and a gourmet guidebook.
“The money is supposed to be spent on smoking prevention and other health-related activities, but these publications are not only unrelated, but also carried the names of KMT candidates,” Lai said.
“It is just unbelievable how public money has become funding for a particular party’s election campaigns.”
Lai said the government had used the money also to sponsor the Dragon Boat Festival, the Lantern Festival and paintball activities.
Airline passengers should add electronic cigarettes to the list of items that may not be stored in their checked luggage, according to a story by Alan Levin for Bloomberg.
The US Federal Aviation Administration (FAA), which already bans flammables and explosives in checked baggage, is now warning airlines about the fire risk from electronic cigarettes.
And while the safety alert is voluntary, typically most airlines follow such guidance.
Levin said electronic cigarettes mainly used lithium cells to heat liquid nicotine into a vapor, and the FAA advisory was the latest to point out the dangers of such battery-powered devices.
‘It cited two recent fires started by e-cigarettes, including one in the cargo hold of a plane at Boston’s Logan Airport in August and a Jan. 4 incident where luggage sitting in the baggage area at Los Angeles International Airport burst into flames,’ he said.
The FAA stopped short of banning the items in carry-on luggage, saying that if a fire were to break out in the passenger cabin, it would be spotted and extinguished faster than if it were in the cargo hold.