Record payment in tobacco deal

New York - Tobacco companies yesterday agreed to pay US states $206 billion and submit to advertising and marketing restrictions…

New York - Tobacco companies yesterday agreed to pay US states $206 billion and submit to advertising and marketing restrictions in a broad deal that is the largest settlement of civil lawsuits in history.

The biggest tobacco companies in the US approved the deal immediately after learning states had agreed to participate. Both sides are expected to sign the settlement on Monday.