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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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BAT benefits from reduced illicit trade, says CEO

BAT benefits from reduced illicit trade, says CEO

| April 22, 2013

British American Tobacco (BAT) is benefitting from the gradual deflation in the illicit trade of cigarettes locally due to the improved regulatory environment in Malaysia, according to a story posted on The Star Online. Managing director Datuk William Toh said the illegal buying and selling of cigarettes had declined last year by 1.6 percent compared to 2011. “We […]

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Supreme Court declines to hear cigarette label case

Supreme Court declines to hear cigarette label case

| April 22, 2013

The legality of placing graphic warnings on cigarette packages appears to have been settled when the U.S. Supreme Court declined today to hear an appeal on the labels from a group of tobacco manufacturers, according to a story in the Winston-Salem Journal. However, it remains unclear what the warning labels will look like or when they […]

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Where there’s smoke, there’s still profit

Where there’s smoke, there’s still profit

| April 22, 2013

When the three major U.S. tobacco companies report their first-quarter results this week, investors can find comfort in two themes that have remained consistent for years: Cigarette volumes will fall, but profits will rise, according to a story in The Wall Street Journal. For the past three years, cigarette volumes have dropped around 3 percent to […]

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Tobacco magnate Cartes wins Paraguay presidential poll

Tobacco magnate Cartes wins Paraguay presidential poll

| April 22, 2013

Horacio Cartes, a Paraguayan tobacco magnate, faced various challenges during his presidential bid, which he won decidedly last week. He was pressed to explain why antinarcotics police officers apprehended a plane carrying cocaine and marijuana on his ranch in 2000; why he went to prison in 1989 on currency fraud charges; and why he had […]

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Cigarette addiction saves lives

Cigarette addiction saves lives

| April 22, 2013

David Henneberry, an avid boater and member of the Watertown Yacht Club, walked outside to smoke a cigarette just after Massachusetts Gov. Deval Patrick  lifted the curfew on Boston, MA, USA, residents at 6 p.m. Friday, April, 18. Puffing away, Henneberry noticed the tarp that covered his rare, 22-foot  pleasure cruiser—a white Seahawk with blue trim and […]

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E-cig company gets green certification

E-cig company gets green certification

| April 22, 2013

ProSmoke is the now the only company in its industry to be certified by the Green Business Bureau. This award is only given to companies that are both environmentally responsible and commercially beneficial to the environment and society, according to a story on PRNewswire.com. The Green Business Bureau certifies businesses as environmentally friendly organizations in order […]

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2013 Pakistan Tobacco profits 202 percent higher than 2012

2013 Pakistan Tobacco profits 202 percent higher than 2012

| April 22, 2013

The Pakistan Tobacco Company has announced its results for the quarter ended March 31, 2013, recording stellar earnings of Rs1.09 billion as compared to only Rs359 million earned in the same period of the preceding year (translating into 202 percent growth). The company has also announced an interim dividend of Rs2 per share alongside the results, […]

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Boston’s JFK library fire caused by careless smoker, not terrorists

Boston’s JFK library fire caused by careless smoker, not terrorists

| April 19, 2013

The fire at the JFK Presidential Library and Museum in Boston Monday was caused by the careless disposal of smoking materials, city fire officials said. Boston officials had initially feared that the fire at the library might have been connected to the bombings at the Boston Marathon, because it was ­reported just six minutes after the […]

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NC tobacco tax totals turn down

NC tobacco tax totals turn down

| April 19, 2013

North Carolina, USA, is catching up with a lot of other American states in collecting less tax revenue on cigarettes and other forms of tobacco. In the first nine months of fiscal 2013, which began in July, state revenue collections were $190 million, down 6 percent from the $202 million that came in during a comparable […]

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Cigar makers hope to snuff out FDA efforts

Cigar makers hope to snuff out FDA efforts

| April 19, 2013

Cigar makers are trying to snuff out an effort by the Food and Drug  Administration to regulate their products for the first time. The FDA said in its regulatory agenda for the year that it would propose rules in April to expand federal oversight of tobacco products under the Family Smoking Prevention and Tobacco Control Act. The […]

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Easy street: smoke smugglers net nearly $2 million a truckload

Easy street: smoke smugglers net nearly $2 million a truckload

| April 19, 2013

Wanna make a quick $1,944,000? Buy a truckload of cigarettes in Virginia and sell them in New York. Yeah, it’s illegal. But that’s how much can be made from selling a tractor trailer’s worth (that’s 800 cases, each holding 600 packs of cigarettes) of low-tax Virginia cigarettes in high-tax New York, based on estimates from […]

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California lawmakers kill bill to ban smoking inside homes

California lawmakers kill bill to ban smoking inside homes

| April 18, 2013

A bill to bar millions of Californians from smoking inside their own homes was rejected Wednesday by an Assembly committee. Assembly Bill 746 would have made California the first state to venture into personal bedrooms and living rooms with smoking restrictions. It targeted condominiums, duplexes and apartments, according to a story published in The Sacramento […]

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Retailers say PM still on top, e-cigs will continue to grow

Retailers say PM still on top, e-cigs will continue to grow

| April 18, 2013

The first quarter of 2013 has come and gone, and with it, a UBS-CSP survey of a variety of convenience store operators–whose sizes ranged from one store location to more than five hundred—on a range of tobacco-related issues. The exclusive study brought good news for industry leader Philip Morris and even better news for the […]

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Philip Morris Q1 profit declines on costs, cuts full-year EPS view

Philip Morris Q1 profit declines on costs, cuts full-year EPS view

| April 18, 2013

Tobacco giant Philip Morris International Inc. Thursday reported a decline in first-quarter profit, reflecting higher costs. Meanwhile, earnings per share improved from last year. The company also lowered its full-year 2013 earnings outlook for prevailing exchange rates only, according to a story on RTTNews.com. However, the firm reiterated its annual constant-currency adjusted diluted earnings per […]

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Mac Baren to acquire Altadis USA pipe tobacco division

Mac Baren to acquire Altadis USA pipe tobacco division

| April 18, 2013

Mac Baren Tobacco Co., a 125-year-old pipe tobacco company based in Denmark, has reached an agreement with Altadis USA to purchase the company’s pipe tobacco division located in Richmond, Va, according to a story on CSPnet.com. The acquired pipe business will operate under its original name, Sutliff Tobacco Co., which was founded in San Francisco […]

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Higher 1Q profit, revenue expected from PMI

Higher 1Q profit, revenue expected from PMI

| April 17, 2013

Philip Morris International Inc., which sells Marlboro and other brands abroad, is expected to report higher profit and revenue when it releases its first-quarter results before the market opens on Thursday. Whether cutting costs and raising prices continued to help PMI compensate for consumers buying fewer, or cheaper, cigarettes has investors anticipating the announcement. Cigarette […]

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Pakistan has $175.8 million reasons to tackle tobacco smuggling

Pakistan has $175.8 million reasons to tackle tobacco smuggling

| April 17, 2013

Pakistan is losing 17 billion Pakistani rupees ($175.8 million) per annum due to the illicit cigarette trade, which represents about 26.7 percent of total cigarettes consumed in terms of volume. According to a research paper compiled by the Euromonitor International, and cited in a story published by the Asia News Network, Pakistan ranked third-highest in […]

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Careless smokers playing with fire

Careless smokers playing with fire

| April 17, 2013

It could be hard to believe but careless smokers ended up causing more than 2,410 fire accidents and several crores-worth of property loss in the last seven years in the Hyderabad, Andhra Pradesh. A study by A.P. Fire Services Department revealed careless smoking as one of the main causes for the increasing incidence of fire […]

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Less drinking, smoking causes Aussies more problems

Less drinking, smoking causes Aussies more problems

| April 16, 2013

A major research project has found that Australians have cut down on smoking and drinking, but they’ve gained weight and become more anxious. A survey by Roy Morgan Research of 50,000 Australians every year, over five years, has found 1.1 million fewer glasses of alcoholic drinks are being consumed a week and 134,000 fewer people smoke compared with 2007, according to […]

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Few complaints lead to secondhand smoke warnings for non-gamblers

Few complaints lead to secondhand smoke warnings for non-gamblers

| April 16, 2013

About two, meaning usually one, complaints a month are lodged with the Wheeling-Ohio County Health Department regarding tobacco smoke leaking from video gambling rooms inside restaurants, so obviously something needed to be done in this West Virginia, USA, town. ”When we get these types of complaints, we still make a site visit to make sure they are […]

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