Justice Department Probes Tobacco Companies

Article excerpt

WASHINGTON _ The Justice Department is investigating whether tobacco companies lied to regulators and Congress about their cigarettes, Attorney General Janet Reno said. One tobacco executive suggested the real problem was a top regulator's "personal or political agenda." Brown Williamson Tobacco Chairman Thomas Sandefur Thursday accused the Food and Drug Administration of conduct "that in effect set B W up." He denied lying to Congress when he and six other tobacco chiefs said, under oath, that nicotine is not addictive and its levels aren't manipulated in cigarettes. French Firm to Buy Kodak Drug Business

NEW YORK _ The French pharmaceutical maker Elf Sanofi SA agreed to buy the prescription drug business of Sterling Winthrop Inc., a unit of Eastman Kodak Co., for $1.68 billion in cash. The deal announced Thursday is the first by Kodak since it announced plans in early May to sell most of its health care businesses to concentrate on film and imaging. It will boost Sanofi's size, presence in the United States and ability to invest in research. Jury Deadlocks on Ousted Phar-Mor President

CLEVELAND _ A jury has deadlocked on all 126 counts against ousted Phar-Mor Inc. President Michael Monus on charges he looted millions of dollars from the discount drugstore chain he founded, the defense attorney said. The 10 women and two men on the U.S. District Court jury could not agree fully on any of the counts, attorney Gerald Messerman said Thursday. Monus faced 115 counts of money laundering, four counts of wire fraud, two counts each of bank fraud, mail fraud and filing false income tax returns and one count of conspiracy. United Plans Start of Low-fare Carrier

CHICAGO _ United Airlines said its answer to low-fare airlines would take off Oct. 1 on the West Coast, where United first ran into trouble competing with Southwest Airlines. But United's ambitious plans rely on shareholders approving an employee buyout next month. …


An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.