NEW YORK/LONDON (Reuters) – Reynolds American Inc (RAI.N: Quote, Profile, Research, Stock Buzz) had no choice but to sell Lorillard Inc’s (LO.N: Quote, Profile, Research, Stock Buzz) top-selling blu electronic cigarettes brand after Britain’s Imperial Tobacco Group Plc (IMT.L: Quote, Profile, Research, Stock Buzz) insisted it be part of a wider portfolio of assets it is buying, a source familiar with the transaction said.
The U.S. companies said on Tuesday that they were selling blu and a group of traditional cigarette brands to Imperial to ease antitrust concerns about Reynolds’ proposed $27.4 billion acquisition of Lorillard.
NEW YORK (Reuters) – When Lorillard Inc bought the blu eCigs brand two years ago, the electronic cigarette had a 10 percent share of a tiny U.S. market, generating about $50 million in sales. It was available in only 12,000 retail outlets and over the Internet.
Today, the U.S. tobacco company’s marketing and distribution muscle, including its use of frequent TV commercials and concert sponsorships, has taken blu into 149,000 outlets and driven its U.S. market share to about 47 percent. Annual sales have quadrupled to more than $200 million.
(Reuters) – Some of the leading U.S. producers of electronic cigarettes are moving their manufacturing to the United States from China in response to growing concern about quality and the prospect of tighter federal regulations.
In recent weeks, some of the best-selling U.S. e-cigarette companies, including closely held Mistic and White Cloud, announced that they would move production to new, highly automated U.S. factories that would enable them to track ingredients and quality more closely. As a fringe benefit, they even expect costs to be lower than in China, the country that invented the battery-powered cartridges that produce a nicotine-laced inhalable vapor.
WASHINGTON/NEW YORK (Reuters) – U.S. Secretary of State Hillary Clinton suffered a blood clot in a vein between her brain and skull behind her right ear but is expected to make a full recovery, her doctors said on Monday in a statement released by the State Department.
Clinton did not suffer a stroke or neurological damage as a result of the clot, the doctors said, adding that “she is in good spirits, engaging with her doctors, her family and her staff.”
(Reuters) – U.S. school districts have spent millions of dollars on metal detectors, security cameras and elaborate emergency-response plans since the 1999 massacre at Columbine High School, but almost nothing could have prevented Friday’s massacre at a Connecticut elementary school, security experts say.
A 20-year-old, heavily armed gunman opened fire Friday morning at Sandy Hook Elementary School in Newtown, Connecticut, killing 20 children and six adults before taking his own life, police said.
NEW YORK (Reuters) – Move over Psy. The next hot thing – at least on Long Island, New York – is a music video parodying the South Korean rapper and dancer’s blockbuster hit, “Gangnam Style.”
While the locally produced “LIPA Style” may not attract millions of YouTube views, it’s channeling the frustration of thousands of disgruntled New Yorkers, many of whom went weeks without power after Sandy slammed the East Coast last month.
NEW YORK (Reuters) – New York City and much of the U.S. Northeast on Thursday dug out from a snowstorm that walloped a region still struggling to recover from the devastation of Superstorm Sandy.
The unseasonably early winter storm dumped more than a foot (30 cm) of snow on parts of Connecticut and slapped the region with 50 mph (80 kph) winds, plunging another 300,000 homes and businesses back into darkness and creating a new commuting nightmare for a region whose transportation system was still under repairs.
NEW YORK (Reuters) – An unseasonably early-winter storm brought snow, rain and dangerous winds to the U.S. Northeast, plunging many residents of the most populous region of the country back into darkness just as they were recovering from Superstorm Sandy.
The storm iced roads and hit transit systems, setting the stage for a difficult Thursday morning commute and bringing fresh misery to those whose lives had been disrupted by the massive storm that smashed ashore on October 29 with historic flooding.
NEW YORK (Reuters) – On the 19th floor of Consolidated Edison’s Manhattan headquarters, the veteran lineman briefing a roomful of 100 out-of-town utility workers had a lot of advice, from the practical to the profane.
“Be careful,” he said, conscious that half of those in the room — most of whom had driven over 1,000 miles to aid in the biggest U.S. power recovery effort ever — had never set foot in New York City before. “We have all kinds of people here.”
NEW YORK (Reuters) – Officials in New York, New Jersey and other states hit hard by the powerful storm Sandy are anxiously waiting to see when power will be restored in darkened areas and whether polling sites may need to be moved for next Tuesday’s presidential election.
“We’re open for business November 6. That will be Election Day,” said John Conklin, spokesman for the New York state Board of Elections. “We’re doing everything we can to make sure that everyone who goes to the polls will have a poll site to go to.”