BNET Industries
Last Fiscal Year Sales:$1.0B
- Private
- US
Dow Jones Description
Mfr. of Cigarettes
Number of Employees 6,000
Peer Companies
NAICS Code Tobacco and Tobacco Product Merchant Wholesalers: 424940
Recent Events
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Former Smoker Wins Case Against Philip Morris
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BUYINS.NET: Discovery Laboratories DSCO Daily Short Sale Trading Volume Through 11-17-09. Over 56 Million Shares...
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BUYINS.NET: REGN, EGLE, VG, SSS, DSCO, SRDX Expected To Be Lower After Earnings Releases on...
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ATVI, FLEX, BRCM, DSCO, ONNN, AMLN With Highest Daily Short Volume On NASDAQ Tuesday
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The Bloom Is Off the Rose for Tobacco Claims
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BUYINS.NET: FITB, NVDA, YHOO, NWSA, DSCO, EBAY With Highest Daily Short Volume On NASDAQ Friday
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Altria to Expand Snus Test
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Kansas City-area residents sue Philip Morris USA
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Senate Passes Tobacco Measure
News & Analysis
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ftc and philip morris usa and tobacco - All News and Analysis
U.S. Supreme Court overturns 8th Circuit on cigarette case
- 2007-06-12
Tobacco giant Philip Morris Cos. lost federal court jurisdiction in a lawsuit challenging the design and promotion of the company's light cigarettes - a decision that could reach beyond the tobacco industry. On Monday, the U.S. Supreme Court said Philip Morris couldn't use the federal officer removal statute...
Preemption still shielding tobacco companies from liability.
- 2007-03-01
The Department of Justice sued Philip Morris and other major tobacco companies in federal court in the late 1990s for violating the RICO statute by intentionally defrauding the American public through their marketing practices. The government alleged that the companies had sold cigarettes as "light," "ultra...
$10.1 billion award in 'light' cigarette case snuffed out
- 2006-01-08
The Illinois Supreme Court's recent decision overturning a $10.1 billion verdict in a class action filed by smokers of light cigarettes has handed a big victory to the tobacco industry. Rather than pursuing damages with a traditional product liability claim, the plaintiffs filed suit under a state...
Cigarette marketing reaches new high.(INDUSTRY NEWS)
- 2005-10-01
According to a report issued by the Federal Trade Commission in August, tobacco companies have more than doubled their cigarette marketing campaigns, although the amount of cigarettes being sold has declined. The Financial Times reported that the FTC report said tobacco companies...
Tobacco class action allowed to stay in federal court
- 2005-08-31
(This article originally ran in the St. Louis Daily Record, St. Louis, MO, another Dolan Media publication.) A class-action lawsuit filed in Arkansas against tobacco giant Philip Morris belongs in federal court because the company's method of testing the amount of tar and nicotine in its light cigarettes...
Tobacco class action allowed to stay in federal court
- 2005-08-30
A class-action lawsuit filed in Arkansas against tobacco giant Philip Morris belongs in federal court because the company's method of testing the amount of tar and nicotine in its light cigarettes was directed by the Federal Trade Commission, said the 8th U.S. Circuit Court of Appeals. The panel...
Tobacco class action allowed to stay in federal court
- 2005-08-30
A class-action lawsuit filed in Arkansas against tobacco giant Philip Morris belongs in federal court because the company's method of testing the amount of tar and nicotine in its light cigarettes was directed by the Federal Trade Commission, said the 8th U.S. Circuit Court of Appeals.The panel decision was unanimous,...
Merger of RJR, Brown & Williamson hits snag at FTC
- 2004-06-11
Staff attorneys at the Federal Trade Commission have recommended that the proposed merger of R.J. Reynolds Tobacco and Brown & Williamson Tobacco be blocked because it would reduce competition in cigarettes too much, two antitrust lawyers knowledgeable about the investigation say. The $3 billion deal would cut the number...
Antitrust Regulators to Puzzle over Possible Merger of Tobacco Giants.
- 2004-03-18
By Brian Louis, Winston-Salem Journal, N.C. Knight Ridder/Tribune Business News Mar. 18--One of the biggest question marks over R.J. Reynolds Tobacco Holdings Inc.'s proposed purchase of Brown & Williamson Tobacco Corp. is what antitrust regulators will or will not do about...
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