Word: tobacco
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...last-minute advertising blitz snuffed out a proposal to limit smoking in restaurants, stores and other public places. Smokers who violated no-smoking sanctuaries would have had to cough up a $15 fine. The measure was supported by Chemist Linus Pauling, Photographer Ansel Adams and other notable nonsmokers. The tobacco industry led a $2.3 million counterattack with ads suggesting that the measure heralded the arrival of Big Brother, would work hardships on small businessmen who could not afford to construct no-smoking areas, and would waste the time of law enforcement officials...
...province of Sichuan, preparations are under way for an oil drill bit plant to be built under a $50 million contract with the Hughes Tool Co. In the coastal Fujian province, the state-owned Amoy Cigarette Co. will soon be producing Camels under an agreement with the R.J. Reynolds Tobacco Co. In Peking, Bank of America will open a branch in a two-story brick building that was part of the U.S. legation office before the Communist takeover...
...shrewd businessman, Gimbel led the chain's expansion into the growing suburbs in the '50s. In 1973 he negotiated sale of the firm, then 10% owned by the Gimbel family and now comprising 69 Gimbels and Saks Fifth Avenue stores, to a subsidiary of the British-American Tobacco Co. for $195 million...
DIED. Richard S. Reynolds Jr., 72, president and chairman, between 1948 and 1976, of the Reynolds Metals Co., the big (1979 revenues: $3.3 billion) aluminum maker founded by his father in 1928; of a heart attack; in Richmond. A grandnephew of the founder of the Reynolds tobacco colossus, Reynolds liked to say that "profits are to business what breathing is to life." He helped launch a Wall Street brokerage firm (now part of Dean Witter Reynolds Inc.) before moving to the aluminum company, which is still about 12% owned by the Reynolds family...
...nicotine cigarettes are "luring" young women into the smoking habit, according to a Harvard University researcher who calls the tobacco products the "pharmacologic equivalent of a training...