Smoking Passions

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Federal Appeals Court Ruling Restricts Plaintiffs Use of Engle Findings (Business Wire)
Published July 22, 2010, 2:38 pm in Yahoo! Finance: Cigarettes Industry News Tags:
RICHMOND, Va.----Philip Morris USA said a federal appeals court today severely restricted the ability of approximately 4,000 plaintiffs with so-called Engle progeny cases pending in federal court to use findings by the prior Engle jury to meet their burden of proof at trial.


On the Call: Reynolds American CEO Susan Ivey (AP)
Published July 22, 2010, 2:38 pm in Yahoo! Finance: Cigarettes Industry News Tags:
Reynolds American Inc., the second-biggest U.S. cigarette company, has aggressively promoted its Pall Mall brand in previous quarters as a longer-lasting, more affordable cigarette as smokers weather the weak economy and high unemployment.


Cigarette maker Reynolds American 2Q profit falls (AP)
Published July 22, 2010, 2:38 pm in Yahoo! Finance: Cigarettes Industry News Tags:
The cost of closing factories and changing its sales force helped send cigarette maker Reynolds American Inc.'s second-quarter net income down 9.5 percent, the company said Thursday.


Philip Morris Int'l 2Q net income rises 28 pct (AP)
Published July 22, 2010, 2:38 pm in Yahoo! Finance: Cigarettes Industry News Tags:
Higher retail prices and a jump in shipment volume in Asia helped net income grow 28 percent for cigarette maker Philip Morris International, which sells cigarettes overseas only, the company said Thursday.


Smoke Up With Philip Morris' Fat Yield (at Forbes)
Published July 22, 2010, 2:38 pm in Yahoo! Finance: Cigarettes Industry News Tags:



Reynolds profit slips but snuff volume on the rise (at MarketWatch)
Published July 22, 2010, 2:38 pm in Yahoo! Finance: Cigarettes Industry News Tags:
Charges drag down Reynolds American's second-quarter profit 9% even as it posts higher margins, market share gains for some of its key cigarette brands and higher smokeless tobacco volume.


[$$] Two Cigarette Makers Raise Profit Outlook (at The Wall Street Journal)
Published July 22, 2010, 2:38 pm in Yahoo! Finance: Cigarettes Industry News Tags:



Philip Morris Beats the Street (Zacks)
Published July 22, 2010, 2:38 pm in Yahoo! Finance: Cigarettes Industry News Tags:
Pro forma earnings came in at $1.00, beating the Zacks Consensus Estimate of 97 cents as well as the year-ago result of 83 cents.


On the Call: Philip Morris Int'l CFO Waldemer (AP)
Published July 22, 2010, 2:38 pm in Yahoo! Finance: Cigarettes Industry News Tags:
The world's biggest non-governmental cigarette maker, Philip Morris International Inc., has been raising its prices like other tobacco companies around the world to keep profits up as the recession and declining demand cut into cigarette volumes.


Reynolds profit dips on closure costs (at bizjournals.com)
Published July 22, 2010, 2:38 pm in Yahoo! Finance: Cigarettes Industry News Tags:



Summary Box: Cigarette co. Reynolds American's 2Q (AP)
Published July 22, 2010, 2:38 pm in Yahoo! Finance: Cigarettes Industry News Tags:
THE RESULTS: The nation's second-biggest tobacco company, Reynolds American Inc., said its second-quarter net income fell 9.5 percent including the cost of closing factories and changing its sales force.


Summary Box: Philip Morris Int'l 2Q profit rises (AP)
Published July 22, 2010, 2:38 pm in Yahoo! Finance: Cigarettes Industry News Tags:
THE RESULTS: Cigarette maker Philip Morris International, which sells Marlboro and other top brands overseas, said higher retail prices and higher volume in Asia helped its second-quarter net income grow 28 percent to $1.98 billion, compared with $1.55 billion a year earlier.


Volume, acquisitions boost Philip Morris profit (at MarketWatch)
Published July 22, 2010, 2:38 pm in Yahoo! Finance: Cigarettes Industry News Tags:
Second-quarter earnings rise 28%, helped by higher volume and acquisitions -- especially in Asia -- and expanded market share for the flagship Marlboro brand.


Philip Morris, Reynolds earnings beat estimates (Reuters)
Published July 22, 2010, 2:38 pm in Yahoo! Finance: Cigarettes Industry News Tags:
Cigarette makers Philip Morris International Inc and Reynolds American Inc posted higher-than-expected quarterly profits and raised their 2010 earnings forecast, showing the strength of the tobacco business even in a weak global economy.


Reynolds American advisory on strong second-quarter performance (PR Newswire)
Published July 22, 2010, 2:38 pm in Yahoo! Finance: Cigarettes Industry News Tags:
SALEM, N.C., July 22 /PRNewswire-FirstCall/ -- Reynolds American Inc. has announced the following: "RAI reports strong second-quarter performance; raises full-year guidance."