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Corzine Avoids Backlash on N.J. Tax Plan, PublicMind Poll Finds
Bloomberg  Jul 1 
Most New Jersey voters approve of the $1.2 billion in tax increases enacted this week by Governor Jon Corzine, including higher income taxes for the wealthy and increased charges on cigarettes, wine and liquor, according to a Fairleigh Dickinson...
NYC: Aiming Wide in City War on Smoking
New York Times  Jun 30 
The city wants to require shops that sell cigarettes to post health notices that will include a photo of blackened lungs.
Corzine Signs $29 Billion Budget Increasing New Jersey Taxes
Bloomberg  Jun 29 
New Jersey Governor Jon Corzine signed a $29 billion budget that raises taxes on the wealthy, increases levies on cigarettes, wine and liquor, and implements worker furloughs and wage freezes to help slash spending.
A Cost Too Hard To Stub Out
Forbes  Jun 22 
The recession is prompting Brits to smoke more, and at great cost.
ITC LTD CMP Rs 200
TANMAY OBSERVES!  Jun 20 
ITC LTD CMP Rs 200.60 http://www.itcportal.com/ Probable Catalyst:- Nifty starts trading in Free-float mode from June26 and stocks where promoter holding is low will get higher weight in Nifty, ITC is the major beneficiary and it is...
British American to Acquire Bentoel for $494 Million
Bloomberg  Jun 17 
(Update2) British American Tobacco Plc, Europe’s largest cigarette maker, will pay $494 million for 85 percent of Indonesia’s PT Bentoel Internasional Investama to expand in a country where tobacco companies face few curbs.
Star’s Patents Are Invalid in Reynolds Win, Jury Says
Bloomberg  Jun 16 
(Update2) Star Scientific Inc.’s patents for reducing carcinogens in cigarettes are invalid, a federal jury said, giving a victory to Reynolds American Inc. and causing Star to plunge more than 70 percent in after-hours trading.
Philip Morris International (PM) Raises Cigarettes Prices in Spain
StreetInsider.com  Jun 16 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Philip+Morris+International+%28PM%29+Raises+Cigarettes+Prices+in+Spain+/4735177.html for the full story.
Senate hands FDA tobacco powers
FiercePharma  Jun 12 
Congratulations, FDA. You now have the dubious honor of regulating tobacco. Yesterday, the U.S. Senate gave its final stamp of approval to a bill that gives the agency power to regulate cigarettes and other tobacco products; President Obama is...
Senate Approves Tight Regulation Over Cigarettes
New York Times  Jun 11 
The bill would give the F.D.A. the power to impose potentially strict new controls on tobacco products.
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more ▼EditWIKI ANALYSIS
 

Litigation in the U.S. has had a major impact on these companies. In addition to costing them billions of dollars directly, the negative publicity has not helped them to grow their customer base.

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Companies in the Cigarettes Industry (6)

 
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