British American Tobacco Plc, Europe’s largest cigarette maker, plans to introduce a second e- cigarette in 2015 after identifying failure to progress in non- tobacco products as one of the main risks for the business.
Standing outside a Cinnabon store in the mountains in Sochi, Ksenia Zotova dragged on a menthol cigarette and said she didn’t realize Russia planned to make the Winter Olympics its biggest-ever smoke-free event.
U.S. stocks rallied the most this year amid better-than-estimated earnings and jobless claims, while the euro rose and German bonds fell as the European Central Bank left interest rates unchanged and refrained from adding stimulus. Gasoline, nickel and zinc led commodity gains.
California Governor Jerry Brown has amassed $17 million from a well of donors including Exxon Mobil Corp., Facebook Inc., Microsoft Corp. and even porn mogul Larry Flynt for a re-election campaign without saying he plans to run.
Philip Morris International Inc., the largest publicly traded tobacco company, will spend as much as 500 million euros ($680 million) on a new factory in Italy as part of a drive to make products with lower health risks.
Philip Morris International Inc. and Japan Tobacco Inc. will each acquire a 20 percent stake in Russia’s Megapolis Distribution BV for a combined $1.5 billion to expand in the world’s second-largest cigarette market.
A half century after linking smoking to lung cancer, the U.S. is confronting stalled progress in kicking the habit of 42 million Americans with new evidence that many common ailments such as diabetes, arthritis and impotence can be tied to tobacco use.