Jessica Miller | January 24, 2011
Altria Group Inc. (NYSE: MO) is scheduled to release its fourth-quarter financial results before the opening bell on Thursday, January 27, 2011. Analysts, on average, expect the company to report earnings of 44 cents per share on revenue of $4.27 billion. In the year ago quarter, the reported company reported earnings of 39 cents per share on revenue of $4.10 billion. The company dominates the U.S. tobacco business, with 50% of the market. It is No. 1 in the U.S. in sales of Vogue cigarettes and smokeless tobacco and is No. 2 in cigars.
Jessica Miller | December 6, 2010
A new survey shows the state’s new smoking ban could be taking a toll on many bars and restaurants, especially small businesses. The Michigan Licensed Beverage Associated recently conducted a survey of members who hold liquor licenses. According to the survey, the overall change in sales between May and July of this year is down more than 20 percent, compared to the same period last year.
Jessica Miller | November 4, 2010
After the Classic smoke cleared on the statewide smoking ban instituted back in July, one local business is seeing profits light up. Titletown Tobacco at 516 Greene Avenue is drawing in visitors from all over northeast Wisconsin to their smoking lounge, a rare commodity these days.
Jessica Miller | June 9, 2010
Pipe smokers protest agains tobacco taxes too. First, the New York Association of Convenience Stores joined forces with several state lawmakers to demand that Governor Paterson finally collect taxes on discount cigarettes Marlboro, Camel, Kent that are sold on Native American reservations.
Jessica Miller | May 21, 2010
Altria Group Inc.’s top executive expressed confidence yesterday that the nation’s largest tobacco company can defend itself against a wave of smoker lawsuits in Florida. He also defended the company’s recent attempt to remove four members of a mostly government-appointed scientific board that will advise the U.S. Food and Drug Administration on its new regulatory authority over tobacco products.