Japan's leading cigarette company has bought big cigarette players in Indonesia and the Philippines. But it would be better off burning its cash in other ways.
Hedge fund managers are out with their top stock picks. So who made the list?
The war waged against big tobacco has forced an entire industry to go on the defensive.
The maker of Marlboro cigarettes is facing punitive action in India over sales tactics which may have violated the country's anti-smoking laws.