Int'l Trade Commission to stop illegal Internet imports of Marlboro cigarettesSeptember 24th, 2009 Int'l Trade Comm. stops import of fake cigarettesRICHMOND, Va.
A look at clove cigarettes, which will be banned in September under federal tobacco lawsSeptember 7th, 2009 A look at clove cigarettesCLOVES: Also known as kreteks (pronounced "cree-techs") for the crackling sound they make when burned, the cigarettes contain tobacco blended with cloves. WHERE THEY STARTED: They originated in the 1880s in Indonesia and are a staple of the Indonesian smoking culture — so much so that companies like Philip Morris International Inc.
R.J. Reynolds sues over FDA act to regulate cigarette makers, claims speech violatedAugust 31st, 2009 R.J. Reynolds sues over new tobacco lawWINSTON-SALEM, N.C. — R.J. Reynolds, seller of Camel cigarettes, and some other tobacco makers have filed a lawsuit saying their free-speech rights have been violated by a new tobacco law.
Philip Morris International 2nd-qtr profit falls 9 percent as stronger dollar crimps profitsJuly 23rd, 2009 Philip Morris International 2Q profit fallsNEW YORK — Cigarette maker Philip Morris International said Thursday its second-quarter profit fell 9 percent as the stronger dollar shrunk profit earned in other currencies. Still, it beat Wall Street expectations and raised its 2009 profit estimate.
Cigarette sellers beat Wall Street: higher prices, cost cuts offset strong dollar, tax hikeJuly 23rd, 2009 Cigarette sellers beat Wall Street estimatesNEW YORK — Two of the world's biggest cigarette makers reported Thursday that they emerged from the second quarter in better shape than analysts expected, having raised prices and cut costs to offset falling demand in the U.S. and Europe and to cope with a new tax in the U.S.
Altria Group chief executive promises to keep offering products consumers enjoy under new regsJuly 22nd, 2009 On the Call: Altria Group CEO Michael SzymanczykNew federal legislation allowing the U.S. Food and Drug Administration to reduce nicotine in tobacco products, ban candy flavorings and block labels such "low tar" and "light" is expected to hurt Philip Morris USA least among tobacco companies because tighter regulations could cement its position as market leader.
Philip Morris Int'l reports 2Q earnings as global tobacco consumption growth expectedJuly 21st, 2009 Earnings Preview: Philip Morris International Inc.RICHMOND, Va. — Cigarette maker Philip Morris International Inc.
Philip Morris agrees to buy pipe tobacco and snuff maker Swedish Match South Africa for $222MJuly 2nd, 2009 Philip Morris to buy South Africa snuff makerRICHMOND, Va. — Philip Morris International, maker of Marlboro and other cigarettes for sale overseas, has agreed to buy a Swedish company's South African snuff and pipe tobacco operations for 1.75 billion South African rand, or roughly $222 million.
Cigarette companies kicked out of UN-backed meeting on tobacco smugglingJuly 2nd, 2009 Cigarette companies kicked out of tobacco meetingGENEVA — A U.N.-backed meeting on tobacco smuggling has barred cigarette companies from attending for fear they will try to influence delegates, participants said Thursday. More than 130 countries agreed late Wednesday to expel the tobacco industry from the rest of the weeklong meeting of parties to the 2005 Framework Convention on Tobacco Control, which the U.S.
Countries mull ban on selling cigarettes on Net, crackdown on smuggling via free trade zonesJune 29th, 2009 Countries mull ban on selling cigarettes on NetGENEVA — More than 130 countries met Monday to consider whether to ban the sale of tobacco on the Internet as part of an effort to crack down on the multibillion dollar market in contraband cigarettes. As well as stopping direct sales to consumers, the draft treaty being considered in Geneva this week could ban online vendors from offering raw tobacco or cigarette manufacturing equipment.
Senate rejects challenge to bill giving FDA control over tobacco productsJune 9th, 2009 Senate rejects challenge to FDA tobacco billWASHINGTON — The Senate on Tuesday rejected the main challenge to legislation giving the Food and Drug Administration sweeping controls over tobacco products, easing the way for passage of the measure this week. The alternative was offered by the two senators from North Carolina, the nation's biggest tobacco grower.
At first shareholder meeting since spinoff, Philip Morris says new cigarettes will help growthMay 5th, 2009 Philip Morris looks to new products for growthRICHMOND, Va. — At its first shareholder meeting since the spinoff from Altria Group Inc., Philip Morris International Inc.
Philip Morris International 1st-quarter profit falls 12 percent on strong dollar, revenue dipsApril 23rd, 2009 Philip Morris Int'l 1Q profit drops 12 percentRICHMOND, Va. — Philip Morris International Inc., which makes Marlboro and other cigarettes for sale overseas, said Thursday that the strong dollar battered its first-quarter profit, which fell 12 percent.
Altria Group 1Q profit falls 76 pct on items, adjusted results beat viewApril 22nd, 2009 Altria Group 1Q profit drops, but beats viewRICHMOND, Va. — Altria Group Inc., the nation's biggest cigarette maker, said Wednesday its profit skidded 76 percent in the first quarter due to the spinoff of its international tobacco business, charges related to its purchase of UST and interest expenses.
Altria Group 1Q profit tumbles but beats forecast, and revenue risesApril 22nd, 2009 Altria Group 1Q profit drops but beats forecastRICHMOND, Va. — Cigarette sales dropped 8 percent and profit slipped at the nation's largest tobacco maker, Altria Group Inc., as retailers and wholesalers cut their orders ahead of a one-time federal tax on their inventory, but the company's overall revenue rose in the first quarter.
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