Archive for April, 2013

white cloud cigarettes

pattyn banner

itm banner
TIMB report: nearly $300 million in sales of golden leaf

TIMB report: nearly $300 million in sales of golden leaf

| April 25, 2013

The Tobacco Industry and Marketing Board (TIMB) has recorded close to $300 million from the sales of the golden leaf as more farmers deliver their crop to the country’s three auction floors, according to a story by Zimbabwe’s NewsDay. TIMB shows that as of Wednesday (Day 44), revenue had reached $289 million from 77,787 million […]

Read More

Lorillard’s 1Q profit up 47 pct on higher pricing, e-cig sales, lower costs

Lorillard’s 1Q profit up 47 pct on higher pricing, e-cig sales, lower costs

| April 25, 2013

Lorillard’s first-quarter profit jumped 47 percent as higher prices, e-cigarette sales and lower legal expenses from a longstanding legal settlement offset a decline in traditional cigarette sales. The nation’s third-biggest tobacco company on Wednesday reported earnings of $328 million, or 86 cents per share, for the period ended March 31, up from $223 million, or […]

Read More

Police: Kessler interrogation illegal in ‘Dalligate’

Police: Kessler interrogation illegal in ‘Dalligate’

| April 24, 2013

OLAF director-general Giovanni Kessler had no authority to carry out an interrogation on Maltese territory, a senior police officer privy to the John Dalli investigation, according to a story in MaltaToday. In comments that followed yesterday’s presentation of the OLAF supervisory committee’s annual report, which highlighted questionable legal practices employed by Kessler in his investigation of […]

Read More

Reynolds American profits jump 88 pct in Q1, volume down

Reynolds American profits jump 88 pct in Q1, volume down

| April 24, 2013

Consumers squeezed by higher gas prices and an increase to the payroll tax led Reynolds American Inc. to report a sharp drop in cigarette volumes in the first quarter. “Overall, the external environment remained challenging,” President and CEO Daniel Delen said. “Industry cigarette volumes were negatively impacted by higher energy prices, the expiration of the payroll-tax […]

Read More

Australian fund gets tough on TOMRA’s tobacco ties

Australian fund gets tough on TOMRA’s tobacco ties

| April 23, 2013

An Australian superannuation and investment fund is leading an international effort to pressure a Norwegian machinery maker to leave the tobacco  industry. In what amounts to a new front in the war against tobacco, Australian Ethical will put forward a resolution on Monday at the annual general meeting of Norwegian company TOMRA, demanding it stop selling tobacco sorting […]

Read More

NYC attempts to raise smoking age to 21, Chicago may follow

NYC attempts to raise smoking age to 21, Chicago may follow

| April 23, 2013

New York City put forward a proposal Monday that, if adopted, would make it the first major U.S. city to raise the legal age for buying cigarettes from 18 to 21 — the same age for buying alcohol, according to a story in USA Today. The proposal is part of a decade-long, anti-tobacco campaign by outgoing […]

Read More