Jessica Miller | October 16, 2012
U.S. cigarette makers told a federal judge on Monday that they should not be required to tell the public they manipulated nicotine levels to make cigs more addictive, or that they repeatedly lied about the health effects of smoking cigarettes. The companies – like Altria Group Inc and Reynolds American Inc – have been fighting with the U.S. Justice Department for six years about the wording of what are known as “corrective statements.” The statements are part of the punishment the companies must pay after U.S. District Judge Gladys Kessler, in a historic 2006 decision, discovered that the tobacco company engaged in a multi-decade cheat to mislead the public.
Jessica Miller | September 13, 2012
Philip Morris International Inc. PM -1.93% has increased its quarterly profits by 10 percents as the tobacco heavyweight looks to raise stockholder returns. The eight cent increase brings the tobacco company’s dividend a sum to 85 cents a share. The increase will cost Philip Morris $134.9 million more a quarter. The dividend carries a yield of 3.8 percent based on Tuesday’s closing cost. Dividend yields and strong cash flows drew investors to tobacco companies last year.
Jessica Miller | August 8, 2012
In spite of government’s hard new efforts to stop smoking habit among inhabitants, it seems that not all are in same favor. A big example of refusal has recently come from Imperial Tobacco, which is in full strength to start its new cigarette manufacturers that has an ability of making 8000 cigs in a minute. Yes, 8000 smoking products in a minute! It is of course a very big number as per production plan. The public announcements of the new cigarettes machine came from the firm manager Mr. Mike McInnarney and Lower Hutt Mayor Ray Wallace.
Jessica Miller | April 20, 2012
Cigarettes packs could be khaki green and portrayed with health smoking messages rather than the showy smoking brands that are used for to tempt smokers. Associate Health Minister Tariana Turia declared that tobacco companies would still be capable to print their new and old brands on the white or green colored cigarette packages. “The smoking brand will be on there … but not in the way it is now.”
Jessica Miller | April 12, 2012
Pressure is gone up on China’s Ministry of Science and Technology (MST) for to make it to refuse to regard a tobacco research new program for a top science decision, after the World Health Organization (WHO) stepped into the dispute. China Tobacco (China National Tobacco Corporation), combined to the State Tobacco Monopoly, has requested to have its investigation into supposedly less harmful cigs included on a list of initiatives up for the 2012 National Award for Science and Technology. Its new application is open to appeals until beginning of May.