Deals
Japan Tobacco to Buy U.S. E-Cig Brand as Operating Profit Falls
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Japan Tobacco Inc.’s first-quarter operating profit declined 8.4 percent as domestic cigarette sales fell and the weakness of the Russian ruble hurt earnings from its biggest overseas market.
The company also agreed to buy Logic Technology Development LLC, a U.S. e-cigarette brand, as it expands in emerging products, Japan Tobacco said, without disclosing financial details.