Daily Archives: October 21, 2010

The Real State of Big Tobacco

In retrospect, it’s not so hard to understand why Altria (NYSE: MO) supported FDA regulation of the tobacco industry. The Food and Drug Administration may have some control over product development and advertising for cigarettes and snuff, but when it comes to the big picture for the tobacco industry, the Feds are just a small piece of the pie.

Court Nixes Challenge to Tobacco Settlement Law

The 2nd Circuit upheld a New York law requiring cigarette manufacturers who refused to participate in the state’s settlement with the tobacco industry to make annual payments into a reserve fund.

City Council bans smoking in all Long Beach parks

LONG BEACH - You can kick a ball, run, play and picnic, but don’t light up in Long Beach’s parks.