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Buffett donates record $2.84 billion to Gates, family charities

Warren Buffett on Monday donated about $2.84 billion of Berkshire Hathaway Inc (BRKa.N) stock to the Bill and Melinda Gates Foundation and four family charities, as part of the billionaire's plan to give away nearly all of his wealth.
added Jul 7, 2015 21:51

[Canada] BAT vows to fight Canadian court ruling

British American Tobacco (BAT) has vowed to fight a Canadian court order to pay damages of £5.4bn over claims it failed to warn customers about risks of smoking. BAT said there were "strong legal grounds" to challenge the overall judgement by the Quebec
Proactiveinvestors UK Ltd (uk)
added Jul 7, 2015 16:51

BATS is smoking its rivals in emerging markets

can continue to make significant investments into its brands and at the same time grow margins, says Deutsche Bank, which today upgraded its target price for the stock. “BAT operates in the only staples sub-sector with real pricing power,” analyst Gerry
Proactiveinvestors UK Ltd (uk)
added Jul 7, 2015 16:50

[Europe, USA] R.J. Reynolds Case Won't Face En Banc Review

A divided 2nd Circuit declined a request for an en banc hearing on claims that cigarette maker R.J. Reynolds is allegedly running an international drug- and cigarette-smuggling ring.
Courthouse News
added Jul 7, 2015 16:49


Peter W. Hall, Circuit Judge, concurs by opinion in the denial of rehearing en banc. Dennis Jacobs, Circuit Judge, joined by José A. Cabranes, Reena Raggi, Debra Ann Livingston, and Gerard E. Lynch, dissents by opinion from the denial of rehearing en ba
added Jul 7, 2015 16:48

[Canada] The Appeals Begin

The deadline for the tobacco companies to file an appeal to Justice Riordan's decision in the Montreal tobacco trials came and went on Friday, June 26. Before it left, each of the three companies had duly filed their separate objections to his ruling.
Eye on the Trials (ASPQ) (ca)
added Jul 7, 2015 16:45

[USA] Full 2nd Circ. Won't Rehear EU RICO Suit Against RJ Reynolds ($$)

denied rehearing en banc an April 2014 decision reviving the European Union’s civil suit against R.J. Reynolds Tobacco Co. alleging a money-laundering scheme, but judges in four dissenting opinions said Monday that the issue of when Racketeer Influenced a
added Jul 7, 2015 16:44

Waterpipe industry products and marketing strategies: analysis of an industry trade exhibition

Tobacco control policy must evolve to take account of the vast and expanding array of waterpipe products, and potentially also charcoal products developed for waterpipe smokers. We recommend that tobacco substitutes be classified as tobacco products. Cont
Tobacco Control
added Jul 7, 2015 16:42

[Hong Kong] Does smuggling negate the impact of a tobacco tax increase?

The experience in Hong Kong suggests that smuggled cigarettes are eating into some of the taxed cigarette market share, as the industry suggests. However, despite this increase in the illicit market, higher tobacco tax does effectively reduce total tobacc
Tobacco Control
added Jul 7, 2015 16:39

WHO REPORT On THE GLOBAL TOBACCO EPIDEMIC, 2015: Raising taxes on tobacco (PDF)

presents a country-level examination of the epidemic and identifies countries that have applied effective tobacco control measures. The number of people worldwide protected by effective tobacco control measures continues to grow, and countries that
World Health Organization (WHO)
added Jul 7, 2015 16:26
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