British American Tobacco writes down $31.5 billion as it shifts its business away from cigarettes
Shares of British American Tobacco tumbled Wednesday after the owner of Camel and American Spirit cigarettes took an impairment charge of about $31.5 billion, mainly related to its struggling U.S. cigarette...
Judge: ITG is liable for Florida tobacco settlement payments
DOVER, Del. (AP) — Cigarette manufacturer ITG Brands assumed liability for tobacco settlement payments to the state of Florida when it acquired four brands from Reynolds American in 2015, a Delaware...
FDA issues plan to ban menthol in cigarettes, cigars
WASHINGTON (AP) — The U.S. government on Thursday released its long-awaited plan to ban menthol cigarettes and flavored cigars, citing the toll on Black smokers and young people.