Hungary distributed tobacco sale- permits in the city of Szekszard after members of Prime Minister Viktor Orban’s party vetted applicants for political loyalty, the news website HVG.hu said, citing a recording from a meeting.
Altria Group Inc.’s Philip Morris U.S.A. unit falsely marketed its “light” cigarettes as a healthier choice than regular cigarettes and should pay $543.6 million in restitution to California smokers, a lawyer said at the start of a trial.
Philip Morris International Inc., the world’s largest publicly traded tobacco company, posted first-quarter earnings that fell more than analysts estimated as tax increases and economic weakness hurt shipments.
Companies from Philip Morris International Inc. to Colgate-Palmolive Co. are finding that overseas expansion has its drawbacks as a stronger dollar makes it more expensive to repatriate profits from abroad.
The new health regulator in charge of tobacco said the U.S. Food and Drug Administration will begin to take action soon on major decisions from the effects of menthol to the marketability of newer products.
SABMiller Plc said Alan Clark will succeed Graham Mackay as chief executive officer earlier than planned after the man who led the company to become the world’s second-biggest brewer was diagnosed with a brain tumor.