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British American Tobacco plans $47bn Reynolds merger Published British American Tobacco is planning to merge with its US partner Reynolds in a deal valued at $47bn (38bn)

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Establishes a penalty system for retailer violations (sales to minors), as follows: 1 st offense: License suspension for 7 days or fine 2 nd offense: 30-day suspension or fine 3 rd offense: revocation of license or fine It is up to the city council to determine whether the retailers license will be suspended or they will be required to pay a fine

And some warned on Wednesday that the proposal, which would give cigarette companies one year to phase out the flavor, could be held up indefinitely