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Electronic Marlboro sucks Japanese smokers away from Japan Tobacco

By Ritsuko Shimizu TOKYO (Reuters) – Marlboro maker Philip Morris International says its e-cigarette has rapidly captured close to 3 percent of Japanese tobacco sales, making inroads into a market Japan Tobacco (JT) relies on for 40 percent of its profit. In what may be an early vindication of Philip Morris's e-cigarette strategy, the iQOS accounted for 2.2 percent of Japan's tobacco sales in the quarter ended June 30, a company spokesman said.

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Electronic Marlboro sucks Japanese smokers away from Japan Tobacco

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Fed should raise interest rates this year, Williams says

The Federal Reserve should raise interest rates further this year, a top U.S. central banker said in an interview published on Thursday, reflecting improved labor market conditions and the likelihood that inflation is heading higher. “As the economy gets closer to its goals, we can again pull our foot off the…

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Fed should raise interest rates this year, Williams says

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Exclusive: Redstone’s NAI talking to bankers about options for Paramount – sources

Sumner Redstone's National Amusements Inc is consulting investment bankers about strategic options for Viacom Inc's Paramount Pictures, including a possible stake sale, sources familiar with the situation said on Friday. National Amusements, which controls 80 percent of the voting shares of Viacom, is also keen to extract more value from the film studio's real estate holdings in Los Angeles, said the sources, who spoke on condition of anonymity. It is unclear what

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Exclusive: Redstone’s NAI talking to bankers about options for Paramount – sources