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Reynolds to take charge for 400 job eliminations
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International:
· USA
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Source:http://www.marketwatch.com/,2010-01-18
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Reynolds American Inc. said Wednesday that it plans to take a fourth-quarter charge of about $47 million for severance and related costs for about 400 workers who will be leaving the company by 2011. The tobacco company said the affected employees are production associates who had asked that their jobs be considered for elimination. |
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Tobacco Hot news and Information...
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Tobacco trial could take months
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Source: http://www.timesunion.com/,2010-09-07 |
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A billion-dollar tobacco-related trial is scheduled to open in St. Louis in January, and court officials have begun the process of finding jurors. It isn't easy — the trial could take six to seven months.
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NY cigarette tax plans raise reservation tensions
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Source: http://www.timesunion.com/,2010-09-03 |
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As New York Indian Nation leaders battle in courtrooms to preserve their tax-free cigarette market, tensions are rising on reservations, where the state's renewed efforts to tax sales to non-Native customers is viewed as yet another attack on Native American rights.
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New Study Confirms $1 Cigarette Tax Increase Will Produce Large, Sustained Revenue Needed to Cut North Carolina Budget Deficit
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Source: http://www.sunherald.com/,2010-05-20 |
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As the legislative session begins, a report released today by a tobacco policy expert at the University of Illinois at Chicago confirms that a significant cigarette tax increase in North Carolina will produce a large, sustained increase in state tobacco tax revenues. Several states, including South Carolina, have recently raised tobacco taxes to deal with budget shortfalls.
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