Higher selling prices helped boost cigarette maker Philip Morris International Inc.’s first-quarter profit 15 percent, but results missed expectations due to pressure from steep excise taxes in some countries, and the weak economy. Read more
Altria’s MO robust first-quarter results confirm our thesis that its strong brand portfolio positions the firm at the top of the domestic tobacco industry. Our outlook remains unchanged, and we are maintaining our fair value estimate. Read more
Camel’s Orbs, the first dissolvable tobacco product, is causing a stir. According to a newly released study, the candy-like product that has the potential to appeal to children and teens could lead to nicotine addiction, poisoning and even death. Read more
Child Nicotine Poisoning Study Is Setback for Reynolds.
A product that seems like a panacea for the tobacco industry could poison children who mistake it for candy. Read more
Leading tobacco and retail groups were on Friday preparing to hit back over a record price-fixing fine imposed by the competition watchdog in its growing crackdown on allegedly illegal dealings between manufacturers and suppliers. Read more
Some people may wonder why a board member for a unit of one of the world’s largest tobacco companies would plan a campaign for tobacco control in Africa. Bill and Melinda Gates certainly thought it seemed like a conflict of interest. Read more
TORONTO—While the government is touting the $550 million it will get from tobacco companies for tobacco they smuggled into Canada to avoid taxes, the health association that pushed for the suit is calling it a “sell out.” Read more
Thousands of small lawsuits, remnants of a failed class action case, are turning into a lingering headache for the U.S. tobacco industry. Read more
Swedish Match AB plans to broaden U.S. availability of snus smokeless tobacco and increase marketing to target Wall Street workers and other smokers forced to leave the office to light up. Read more
Tobacco firm’s continued sponsorship is worth $100 million to Formula One racing team
Racing fans got a good look at Ferrari’s new Formula One cars in the opening Grand Prix of the 2010 season in Bahrain: In one of the dullest races in recent memory, Fernando Alonso completed 49 laps without incident to take the checkered flag, with teammate Felipe Massa close behind. Read more