World Business Briefing: Canada: Japan Tobacco Unit to Face Trial
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Japan Tobaccoâs Canadian unit was ordered by an Ontario judge to stand trial on charges it defrauded the Canadian government out of about a billion Canadian dollars ($931 million) in the 1990s by shipping cigarettes to the United States to avoid paying taxes. The judge, David Fairgrieve of Ontario Provincial Court, said in a 29-page ruling that prosecutors had presented enough evidence to warrant a trial of the unit, JTI-MacDonald. The company has denied any wrongdoing.
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Major cigarette makers go on trial on Tuesday in the US government&#39;s $280 billion racketeering case that charges the tobacco industry with deliberately deceiving the public about the risks of smoking since the 1950s.
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Japan Tobacco Inc. has agreed to acquire Britain's Gallaher Group PLC for $18.79 billion (2.2 trillion yen) in the largest-ever corporate acquisition by a Japanese company, a business daily reported Friday.
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British tobacco company Gallaher  Group Plc. said on Wednesday it had received a takeover  approach, with sources close to the situation saying the  potential bidder was likely to be Japan Tobacco Inc.
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WINNIPEG (CP) - Manitoba's sweeping anti-smoking law is facing a constitutional challenge - one that will inevitably be watched by other provinces planning their own crackdowns on tobacco.
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Japan Tobacco Inc has offered to buy British rival Gallaher Group in a deal that could be the largest-ever acquisition by a Japanese firm worth at least 15 billion dollars plus debt.
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TOKYO/LONDON  - Japan Tobacco Inc. said on Friday it had agreed to buy British cigarette maker Gallaher Group Plc for 7.5 billion pounds ($14.7 billion) in cash, the biggest-ever foreign acquisition by a Japanese company.
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The trial for former Internet idol Takafumi Horie was scheduled to open Monday in a case that underlines a modernizing Japan's efforts to grapple with the rise of ventures and define the legal boundaries for aggressive stock trading.
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An international treaty aimed at curbing tobacco sales and advertising is set to come into force.
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The world's third largest cigarette  group, Japan Tobacco Inc (2914.T), on Thursday made a 7.5  billion pound ($14.7 billion) cash offer for rival Gallaher  Group Plc , sources close to the situation said.
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By Kyodo News International, Tokyo  Dec. 15--TOKYO -- Tokyo Stock Exchange Inc. told a court Friday it will  challenge Mizuho Securities Co.'s 41.5 billion yen damages suit against the  bourse over the brokerage's massive loss stemming from a case of botched  trading a year ago.
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Cigarette makers lied and tried to  confuse the public about the dangers of smoking for 50 years,  the U.S. government said on Tuesday as its $280 billion case  against the industry went to trial.
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Major cigarette makers go on trial  on Tuesday in the U.S. government's $280 billion racketeering  case that charges the tobacco industry with deliberately  deceiving the public about the risks of smoking since the  1950s.
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WASHINGTON - The nation's biggest tobacco companies worked together for decades to mislead the public about the dangers of smoking, a federal lawyer alleged Tuesday at the start of a civil racketeering trial in which the government seeks a record $280 billion from the industry.    In his opening statement, Justice Department attorney Frank Marine said starting in the 1960s the industry spent hundreds of millions of dollars on organizations set up to counter the growing body of scientific evidence linking smoking to cancer...
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After five years of preparation, the federal government expects to take the nation&#39;s tobacco industry to court today, alleging massive fraud and seeking a $280 billion penalty
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Japan Tobacco Inc. confirmed on Friday it  was in talks to buy smaller rival Gallaher Group Plc L> , in a  7.5 billion pound ($14.7 billion) deal that would extend its  overseas expansion.
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A U.S. judge is expected on Monday to  rule on whether to certify as a class action a lawsuit that  accuses tobacco companies of defrauding smokers into thinking  "light" cigarettes were safer than regular brands, according to  notice sent to lawyers in the case.