Posts Tagged ‘Philip Morris’

British America Tobacco’s first-quarter sales rise

LONDON (MarketWatch) — British American Tobacco PLC (BATS.LN) Thursday posted a rise in first-quarter sales, but the world’s second-biggest tobacco group by revenue said volumes continued to soften and warned of challenging trading as smokers struggle with tough global economic conditions. Consumers in more mature markets are switching to low-cost brands as spending power is hit by tax hikes and other austerity measures to help governments rein in borrowing. ... read more >>

Philip Morris Int’l CFO Hermann Waldemer talks about the Japanese cigarette market

March’s earthquake and tsunami in Japan offered up an opportunity for Marlboro maker Philip Morris International. Japan Tobacco Inc., the world’s No. 3 tobacco maker, suspended shipments of cigarettes within the country because of disruptions in supply. It planned to halt shipments of all tobacco brands, including the popular Camel and Winston cigarettes, from March 30 to April 10. ... read more >>

Burley tobacco acreage may slump to record low

LOUISVILLE, Ky. (AP) — For the first time in a half century, Chapel Mastin won’t put out any burley tobacco plants on his northern Kentucky farm this spring, calling it quits after last year’s crop reaped no profit but plenty of frustrations. The company that signed up Mastin to deliver 20,000 pounds of burley accepted only a fourth of his drought-stressed 2010 crop. He found buyers for the rest of his tobacco, but some fetched a paltry 59 cents to 70 cents a pound — far below the expense of raising it. ... read more >>

Philip Morris says business in Japan intact

Japan’s disaster is not expected to hit Philip Morris International Inc’s profits or sales there, the tobacco company said on Monday. The company said it does not expect the recent events “will have an effect on its previously announced industry volume expectation in Japan for 2011 or will have a material negative impact on its overall profitability in Japan.” ... read more >>

Tobacco firms fight proposed ad campaign

The nation’s three largest tobacco manufacturers said Thursday that the U.S. Justice Department wants them to post “inflammatory and inaccurate” statements in an advertising campaign that is “designed to shame and humiliate” them. The manufacturers — R.J. Reynolds Tobacco Co., Philip Morris USA Inc. and Lorillard Tobacco Co. — were responding to a federal request that was made Feb. 4 and disclosed Feb. 23. British American Tobacco Co. Ltd. also was listed as a defendant. ... read more >>

Local Woman Wins Law Suit Against Tobacco Companies

Kim Mathews says she’s been trying to quit smoking off and on for about ten years. She picked up the habit as a young teenager back in 1973. “When I tried to quit I found that it’s not as easy as just putting them down. Your body craves the nicotine,” said Mathews. In the case of 81-year-old Suwannee County woman Ann Huish, her husband’s addiction and death is what brought her to a battle that some might say resembled that of David and Goliath. ... read more >>

Gov’t and big tobacco in dispute over proposed ads

WASHINGTON (AP) — The Justice Department wants the largest cigarette manufacturers to admit that they lied to the public about the dangers of smoking, forcing the industry to set up and pay for an advertising campaign of self-criticism for past behavior. As part of a 12-year-old lawsuit against the tobacco industry, the government on Wednesday released 14 “corrective” statements that it says the companies should be required to make. One says smoking kills 1,200 Americans every day. ... read more >>

Philip Morris USA Seizes 290 Packs of Counterfeit Cigarettes

RICHMOND, Va. — In its continued fight against counterfeit cigarettes, Philip Morris USA has seized 290 packs of counterfeit Marlboro cigarettes from two retailers on the Poospatuck Reservation in Suffolk County, N.Y. The seizure was part of the company’s lawsuit against the retailers. The move comes after a federal judge in New York approved PM USA’s request for emergency relief including the ability to search smoke shops for counterfeit Marlboros in New York. In total, the company has sued 48 retailers in the state for selling counterfeit cigarettes, including six other Poospatuck retailers. ... read more >>

Govt may filter out FDI in tobacco marketing

Import of cigarettes could also be shifted out of OGL. Foreign cigarette companies could soon find it harder to sell their products in India. The government is looking into a proposal to ban foreign direct investment (FDI) in the wholesale marketing arms of these companies. It is also exploring the possibility of shifting the import of tobacco products from the open general licence (OGL) to the restricted list. ... read more >>

Lawsuit may set a record

A Merrimack County Superior Court judge on Monday certified what defendants say could be the largest class action lawsuit ever in New Hampshire, against cigarette company Philip Morris USA.The suit alleges Philip Morris violated the state’s Consumer Protection Act through unfair and deceptive marketing of Marlboro Lights cigarettes. “The light-cigarette smokers in New Hampshire who bought Marlboros are at least potentially – it will take many years – but are potentially going to receive compensation for the false statements that they were lower in tar and nicotine, and they were lighter than regular cigarettes, when in fact the tobacco is identical,” said Concord attorney Chuck Douglas, the lead attorney representing the plaintiffs. ... read more >>