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CIGoutlet Tobacco News
American cigarette manufacturers have filed a lawsuit against the FDA.
The largest US tobacco companies filed a lawsuit in the US District Court for the District of Columbia against the Federal Office of the Food and Drug Administration (FDA).
read more ...05/04/15
Interesting facts about cigarettes, countries - tobacco leaders.
Every minute in the world are sold about 8-10 million cigarettes and daily 13-15 billion cigarettes.
read more ...04/01/15
Anti-smoking campaigns run to extremes.
It is strange to what can bring the foolishness of anti-smoking crusaders in their attempts to impose all the rules of a healthy lifestyle, even if they lead to a violation of all norms, artistic freedom and civil society.
read more ...03/03/15
Bond insurance seen unlikely on NYC tobacco bonds


New York City's planned sale next week of bonds backed by the national tobacco settlement is unlikely to carry bond insurance, sources involved with the deal said.

Insurance, which would boost the bonds' ratings to triple-A and likely attract a whole new class of investors, was one of the last question marks for the city's planned $700 million offering on Wednesday -- the first such tobacco deal for the fixed income markets. But bond insurers, whose industry is founded on the goal of never paying a claim, have so far been unable to get comfortable with a type of risk never before seen in the municipal bond market. Ambac Assurance Corp., for example, said the current legal environment surrounding the tobacco industry presents too much uncertainty for the company, a unit of Ambac Financial Group Inc. ``At this point, there are several legal issues that we haven't come to grips with or resolved internally,'' including the continued legal threats to the industry and possible attacks on the settlement agreement itself, said Howard Pfeffer, senior managing director of public finance at Ambac.

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