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Tobacco companies spent billions less on cigarette advertising over a recent three-year period, showed a Federal Trade Commission study released Friday. The largest companies' collective marketing budget shrank from $12.49 billion in 2006 to $9.94 billion in 2008. "We like that," Patrick Reynolds,...
Cigarettes have only gotten more and more expensive over the past decade as nearly every state has pushed taxes upward. But the habit hits our wallets in a series of small purchases: Are smokers really aware of quite how much they spend a year? We hit the streets of Manhattan to ask.
Tobacco giant Philip Morris International has just bought the rights to a new technology for delivering nicotine in a aerosol spray. The upside: Nicotine addicts get their fix without all the toxins associated with smoking. The downside: It'll be at least three years before it hits the market.
The S&P 500 is one of the most followed stock market index in the world. Mutual fund managers benchmark their returns against it, yet somehow the vast majority underperform the index every year. Many dividend investors choose to ignore the index, and instead focus on its components.
The message about the dangers of secondhand smoke and the importance of providing smoke-free homes has paid off. Fewer children visited a doctor or a hospital for ear infections in the 13 years of research from Harvard School of Public Health and the TobaccoFree Research Institute Ireland.
The industry just lost an $80 million verdict to a smoker's daughter. After losing about a dozen earlier cases, tobacco had won the eight decisions right before this one, suggesting that it had figured out how to win. But the latest plaintiff victory dispels that notion.
Today's warnings on cigarette packs are one element that has driven down the percentage of Americans that smoke. Still, 23.5% of American men are puffing away, as well as 17.9% of women. The new Family Smoking Prevention and Tobacco Control Act of 2009 takes the warning requirement much further,...
The FDA issued warning letters to five electronic cigarette distributors, saying the products are being marketed illegally as safer alternatives to smoking and even as smoking-cessation aids. The agency says they must seek FDA approval in order to continue making those claims.
Foreign subsidiaries of two American tobacco companies pled guilty to charges of bribing foreign countries. Units of Alliance One Int'l, a N.C.-based global tobacco leaf company, admitted bribing Thai and Kyrgyz officials and will pay $9.25 million in fines and disgorge $10 million in profits.
In an effort to reduce smoking, governments worldwide are raising their tobacco taxes: In New York City, a pack of cigarettes now costs more than $10. But do higher taxes, which mean higher prices, actually deter smokers?

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K-V Pharmaceutical Co. Class B
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3,679
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