Even before President Barack Obama officially proposed a federal cigarette tax increase to fund preschool programs, tobacco companies and sellers lined up against it while anti-smoking groups praised the plan.
Adelphia Communications Corp. was illegally coerced through the use of commercial loans by Citigroup Inc. , Credit Suisse Group AG and other banks trying to get lucrative investment banking work, a lawyer seeking recovery for the defunct cable television company’s creditors said.
The trial of Jerome Kerviel, beginning more than two years after Societe Generale SA accused him of losing 4.9 billion euros ($5.8 billion) on unauthorized market bets, may turn on whether the trader can show the bank knew what he was doing.
Australia will become the first country to require cigarettes to be sold in uniform packages after its top court rejected a challenge from tobacco companies, setting a precedent for other nations to follow.
Lorillard Inc. , trying to stop the U.S. government from outlawing its Newport cigarettes, will tell a Food and Drug Administration panel tomorrow that banning the mint flavor will create a black market for menthol brands.