October 10, 2008 |
Reynolds American Inc. will write down the value of its Kool cigarette brand as it focuses on marketing Camel menthols instead, a move that will cost the tobacco company $175 million before taxes in the third quarter. The brand's trademark value is being lowered because the company no longer considers it a "growth" brand and won't spend as much to promote the cigarette, the Winston-Salem, N.C.-based company said. Reynolds American is downplaying Kool, its top-selling menthol cigarette, as it expands Camel into the category that is dominated by Lorillard Inc.'s Newport brand.
May 3, 2007 |
A California jury found Altria Group Inc.'s Philip Morris USA and Reynolds American Inc. liable in the death of a 40-year-old smoker and awarded $2.4 million to the smoker's family, the Tobacco Products Liability Project said. The verdict came Wednesday in a wrongful death suit brought by the family of Leslie Whiteley, who died of lung cancer, the anti-smoking group said in a statement. Punitive damages against Reynolds American's R.J.
February 22, 2006 |
The Supreme Court on Tuesday rejected a free-speech challenge by two tobacco companies over California's anti-smoking ads. Reynolds American Inc.'s R.J. Reynolds Tobacco unit and Loews Corp.'s Lorillard Tobacco unit argued that the ads were unconstitutional because the tobacco companies were being forced to pay for advertisements that criticized the industry.
January 11, 2005 |
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.
September 6, 2008 |
Altria Group Inc., the maker of Marlboro cigarettes, is in talks to buy UST Inc., the largest U.S. snuff producer, for more than $10 billion, people with knowledge of the negotiations said Friday. A bid that size would value UST at 26% more than Thursday's closing price. UST, which produces Skoal and Copenhagen smokeless tobacco, and Altria are in advanced discussions, and an announcement may come next week, said the people, who declined to be identified because the talks weren't public.
October 12, 2006 |
R.J. Reynolds Tobacco Co. has agreed to a domestic ban on its line of flavored cigarettes such as Twista Lime and Mocha Taboo, which critics say are marketed to youths. The tobacco giant, a unit of Winston-Salem, N.C.-based Reynolds American Inc., settled a broad investigation of its domestic sales and marketing without paying any penalty. The company agreed to stop giving cigarettes names that allude to candy, fruit, desserts or alcoholic beverages, according to New York Atty. Gen.
June 21, 2005 |
A federal judge urged the U.S. government and cigarette makers Monday to renew efforts to settle the landmark racketeering case that accuses the industry of conspiring to downplay the dangers of smoking. U.S. District Judge Gladys Kessler in Washington described the closed meeting as a "routine informational discussion with the parties urging them, once again, to consider the advantages of settling this case rather than the risks of litigating it."
September 29, 2004 |
A federal appeals court Tuesday rejected a bid by R.J. Reynolds Tobacco Co., the No. 2 U.S. cigarette maker, to halt California advertisements criticizing the tobacco industry. The U.S. 9th Circuit Court of Appeals in San Francisco said the ads, funded by a 1988 voter-approved initiative that imposes a 25-cent-per-pack tax on wholesale cigarette sales in California, do not restrict tobacco companies' free-speech rights. R.J. Reynolds, a unit of Reynolds American Inc., and Loews Corp.'
October 2, 2007 |
washington -- Cigarette makers lost a U.S. Supreme Court bid to prevent smokers in potentially thousands of Florida lawsuits from taking advantage of jury findings against the industry. The justices on Monday left intact the Florida Supreme Court's conclusion that the 1999 jury verdict would apply to future lawsuits. The jury found that cigarette makers withheld information about smoking risks and put unreasonably dangerous products on the market. Philip Morris and Reynolds American Inc.'s R.J.