NEWS
June 2, 1987
R.J. Reynolds Tobacco Co. said that 16 million cigarettes sent to Japan, found to contain herbicide levels higher than U.S. legal limits, will not be sold. Company spokesman David Fishel said in a telephone interview from his Winston-Salem, N.C., office that none of the cigarettes, a special Japanese version of Winston Lights, reached Japanese consumers, but some were used for testing and promotional marketing.
BUSINESS
August 25, 2000 | Reuters
R.J. Reynolds Tobacco Co., the No. 2 U.S. cigarette maker, said that it has spun off its Targacept Inc. subsidiary, which develops nicotine-related pharmaceuticals, into a privately held company. Targacept was formed by R.J. Reynolds, a wholly owned subsidiary of R.J. Reynolds Tobacco Holdings Inc., in 1997. R.J. Reynolds, which contributed a portfolio of patents and intellectual property to Targacept, said it will own 43% of the newly formed company on a fully diluted basis.
BUSINESS
December 4, 1998 | Associated Press
R.J. Reynolds Tobacco Co. said that it has pulled out of a $5-billion plan to help tobacco farmers absorb the expected fallout from the $206-billion tobacco settlement with the states. Reynolds said it will not give money to foundations that the industry plan would have established to help farmers who are expected to grow less tobacco as higher cigarette prices go into effect, possibly depressing sales. Instead, the nation's No.
BUSINESS
January 11, 2005 | From Bloomberg News
R.J. Reynolds Tobacco Co. must pay an Arkansas man more than $9 million for his wife's death from cancer, a federal appeals court in St. Louis said in a ruling made public Monday. The court upheld an Arkansas jury's verdict that Pall Mall cigarettes were defectively designed and caused the fatal lung cancer of Mary Jane Boerner, who smoked the cigarettes for 36 years. The court also cut the punitive damage award to $5 million from $15 million.
CALIFORNIA | LOCAL
July 15, 1994 | BOB POOL, TIMES STAFF WRITER
It was an unusual moment: Anti-cigarette advocates gathered to eulogize an heir to the giant R.J. Reynolds Tobacco Co. * That was the scene Thursday in Santa Monica as no-smoking crusader Patrick Reynolds conducted a memorial service for his half-brother, R.J. Reynolds III. R.J. Reynolds, a 60-year-old grandson and namesake of the cigarette company founder, died June 28 of smoking-related emphysema. "We agreed to disagree about tobacco issues," said Patrick Reynolds, 45, of Beverly Hills.
BUSINESS
January 6, 2001 | From Bloomberg News
R.J. Reynolds Tobacco Co. settled a lawsuit alleging it violated the $206-billion national tobacco accord by mailing free cigarettes to Californians, said state Atty. Gen. Bill Lockyer. The settlement, approved in San Diego Superior Court on Dec. 28 and announced Friday, lets R.J. Reynolds mail free cigarettes only to adults who have given their consent and after it verifies each recipient is an adult, Lockyer said.