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Tobacco News and Information.
Categories:
· Business
International:
· Australia
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Australia plans plain cigarette packets |
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Source:http://www.khaleejtimes.com/,2010-04-27
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Australia on Thursday said it would become the world’s first country to ban logos and branding on cigarette packets, sparking a furious response from the tobacco industry.
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Categories:
· Business
International:
· Europe
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Philip Morris, Manila's Fortune Tobacco in venture |
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Source:http://www.marketwatch.com/,2010-03-09
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Philip Morris International Inc., the New York tobacco company, formed a joint venture with closely held Fortune Tobacco Corp. of Manila. In a Thursday statement, Philip Morris said the companies would transfer certain assets and liabilities to a new company that they will hold 50-50. Fortune Tobacco Chairman Lucio Tan will chair the board of the venture while Philip Morris will manage the operations day to day. Philip Morris called the venture a strong strategic fit, enabling it to expand its portfolio of brands in the Philippines, an "important cigarette market." The venture's contribution to Philip Morris's profit will be immaterial in 2010; it will add to profit in 2011 as cost savings from integration of production, purchasing and distribution kick in, the company said. Fortune Tobacco, which focuses on value-priced cigarettes, produces brands including Fortune and Champion, Philip Morris said. The venture will produce Marlboro and Philip Morris cigarettes under license, the company said.
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Categories:
· Business
International:
· U.K.
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Imperial Tobacco trading in line |
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Source:http://www.marketwatch.com/,2010-02-15
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Imperial Tobacco Group said Tuesday that the group's financial position and overall performance for fiscal 2010 are in line with the board's expectations. The company said it had made market-share gains in Africa, the Middle East and Asia Pacific and added it has increased prices across its portfolio in a number of markets, including the U.K., Spain and France. "Our ongoing focus on working capital and cash generation will enable us to further strengthen our balance sheet by continuing to reduce debt," said CEO Gareth Davis.
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Categories:
· Business
International:
· USA
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Raided smoke shops back in business |
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Source:http://www.nctimes.com/,2010-02-08
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dozens of police and deputies raided 11 North County head shops and smoke shops, seizing thousands of smoking devices and citing the clerks who sold them for allegedly furnishing drug paraphernalia.
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Categories:
· Business
International:
· USA
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Philip Morris in focus |
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Source:http://www.marketwatch.com/,2009-12-14
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S&P 500 futures rose 5.7 points to 1,108.90 and Nasdaq 100 futures added 10.5 points to 1,802.50. Futures on the Dow Jones Industrial Average added 49 points.
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