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Tobacco News Archives

Tobacco News Archives for April 2008

Wednesday Apr 30 | WJLA-TV Arlington

Kraft Foods profit falls 13 percent in first quarter

“Our brands got stronger, our market share increased, our investments continue to pay off, and our margins improved sequentially from the fourth quarter”

Kraft Foods Inc., the nation's largest food and beverage maker, said Wednesday its first-quarter earnings dropped 13 percent amid higher costs for the ingredients that go into its products.The profit decline ... via WJLA-TV Arlington

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Monday Apr 28 | The Business Journal of the Greater T...

Carolina Group's 1Q profits down 9.5 percent

Carolina Group, a tracking stock tied to the performance of Greensboro tobacco company Lorillard Inc., said Monday its first-quarter earnings of $171 million, down 9.5 percent from the $189 million profit from ... via The Business Journal of the Greater T...

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Related Topix: Carolina Group

Saturday Apr 26 | USA Today

Figuring cost basis of a spin-off isn't too tough

Q: How do I calculate my cost basis in Altria and Philip Morris International ? Altria recently spun off Philip Morris. via USA Today

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Thursday Apr 24 | Earth Times

Swedish Match AB invests in new production capacity in Sweden

STOCKHOLM, Sweden - Swedish Match AB today announces an additional investment in its Kung lv snus production plant in Sweden. via Earth Times

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Wednesday Apr 23 | WTLV

Clinton Projected Winner in Pennsylvania

“Some counted me out and said to drop out”

Hillary Rodham Clinton ground out a gritty victory in the Pennsylvania primary Tuesday night, defeating Barack Obama and staving off elimination in their historic race for the Democratic presidential ... via WTLV

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Wednesday Apr 23 | International Business Times

Philip Morris Int'sl 1Q profit rises 29 pct, tops estimates

“While we continue to face some challenges in certain markets, I am confident that we have the appropriate strategies and resources in place to deal with them effectively”

Cigarette maker Philip Morris International Inc., spun off last month by longtime owner Altria Group Inc., reported Wednesday a 29.2 percent rise in profit for the first quarter, beating estimates, and raised ... via International Business Times

1 comment

Related Topix: Altria Group

Wednesday Apr 23 | Earth Times

Swedish Match Annual General Meeting 2008

STOCKHOLM, Sweden - Regulatory News: At the Annual General Meeting of Swedish Match on 22 April, it was resolved in accordance with the proposal of the Board of Directors to pay a dividend of 3.50 SEK per ... via Earth Times

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Monday Apr 21 | Medical News

Several states consider tobacco tax increases to fund health care programs, address budget deficits

“Legislators are able to argue that it's a sin tax, and the voters seem more accepting if they know the funds are going to be earmarked for some kind of health initiative.”

Several states have sought to increase their tobacco taxes to fund health care programs and address budget deficits, but efforts to increase tobacco taxes in some cases have prevented the passage of health care ... via Medical News

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Monday Apr 21 | Earth Times

Fitch Rates Raleigh-Durham Airport's (North Carolina) $125MM Revs 'AA-/F1+'; Outlook Stable

CHICAGO & NEW YORK - Fitch assigns an 'AA-/F1+' rating to $125 million Raleigh-Durham Airport Authority variable-rate airport revenue bonds , series 2008A . via Earth Times

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Saturday Apr 19 | Philly.com

The debate's over; the duel continues

“Being asked tough questions in a debate is nothing like the pressures you face inside the White House. In fact, when the going gets tough, you just can't walk away because we're going to have some very tough decisions that we have to make.”

Amid lingering fallout from Wednesday's debate, Sens. Hillary Rodham Clinton and Barack Obama bickered briefly yesterday over who has complained more about how they were treated. via Philly.com

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Friday Apr 18 | International Herald Tribune

Trip abroad helps revive singer Tift Merritt

“There's something simple and direct that runs through this record because of that”

NEW YORK : Worn down a bit by work, singer Tift Merritt poured herself a glass of wine one night, sat at the computer and typed "Paris," "apartment" and "piano" into an Internet search engine. via International Herald Tribune

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Thursday Apr 17 | Myrtle Beach Online

Public barred from list of concealed weapons permits

“As important as both of those are, the more important from our perspective is the first”

A new law bars the public from finding out who can carry concealed weapons in South Carolina. via Myrtle Beach Online

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Thursday Apr 17 | Bloomberg

Wachovia to Report Earnings Early; May Get $7 Billion Injection, WSJ Says

Wachovia Corp., the fourth-largest U.S. bank, pushed up its first-quarter earnings release by four days as the Wall Street Journal reported the company may receive a new capital infusion of up to $7 billion. via Bloomberg

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Wednesday Apr 16 | News.ncmonline.com

Why Wao's Pulitzer Matters

Editor's Note: The excitement over the Pulitzer win by Dominican-American writer Junot Diaz is reverberating in the Dominican community. via News.ncmonline.com

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Tuesday Apr 15 | WCNC

Canadian furniture maker moving to NC

A Canadian furniture manufacturer said he is moving operations to North Carolina because of the rising value of the Canadian dollar against the U.S. dollar. via WCNC

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Tuesday Apr 15 | Hampton Roads Daily Press

Philip Morris USA, RJR pay tobacco settlements

Philip Morris USA and R.J. Reynolds Tobacco Co. said Tuesday they have made their full annual payments as part of the 1998 Master Settlement Agreement, under which some cigarette makers pay the states for ... via Hampton Roads Daily Press

1 comment

Monday Apr 14 | Bloomberg

Wachovia Posts Unexpected Loss, Cuts Payout on Subprime Debt; Shares Slide

Wachovia Corp. , the fourth-largest U.S. bank, reported an unexpected loss because of subprime- infected mortgage holdings, cut its dividend and said it will raise about $7 billion in a share sale to replenish ... via Bloomberg

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Monday Apr 14 | Star-Press

Rushville woman, others have Muncie lunch with Obama

“It was funny. Once he came in, it was just like sitting down and talking with someone that you've known for a long time. He seems very genuine. It was much better than I expected. He's a very down-to-earth guy.”

MUNCIE - A Rushville woman who made her first-ever campaign contribution to a presidential candidate dined with the recipient, Sen. via Star-Press

5 comments

Monday Apr 14 | The Post Chronicle

Voter Registration Surging For Primaries

Officials in six of the eight U.S. states scheduled to hold Democratic presidential primaries say they are experiencing a surge in voter registration. via The Post Chronicle

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Sunday Apr 13 | MediLexicon

News From The American Chemical Society, April 9, 2008

“This has opened up a whole new direction in hydrogen research. With technology improvement, sugar-powered vehicles could come true eventually.”

Main Category: Biology / Biochemistry Also Included In: Cardiovascular / Cardiology Public Health Infectious Diseases / Bacteria / Viruses Article Date: 11 Apr 2008 Special National Meeting Edition April 9, ... via MediLexicon

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Apr 12, 2008 | The Associated Press | Posted by The Associated Press

5 out-of-state gun dealers settle with NYC

Five out-of-state gun dealers sued by New York City have agreed to submit to independent monitors as part of a settlement.

The city sued dozens of gun dealers in 2006 to stem the tide of illegal out-of-state guns, many of which were used in crimes.

New York City said on Friday that the gun dealers in Georgia, Pennsylvania, Ohio and South Carolina also agreed to additional training for their employees to ensure legal firearm sales.

The agreements announced Friday will expire after three consecutive years if the gun dealers don't have a reported violation. Read more

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Apr 11, 2008 | MassLive.com

Search committee expected to name UMass chancellor finalists

UMass-Amherst is one step closer to having a new chancellor. A search committee on Friday announced the finalists for the job. via MassLive.com

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Apr 11, 2008 | Bloomberg

U.S. Trade Deficit Unexpectedly Widens, Led by Jump in Automobile Imports

The U.S. trade deficit unexpectedly widened in February, reflecting a jump in purchases of imported automobiles that overwhelmed record exports. via Bloomberg

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Apr 11, 2008 | WAVY-TV Portsmouth

Philip Morris sues firms over imports of counterfeit Marlboros

Philip Morris USA is suing two companies it accuses of importing counterfeit cigarettes and unauthorized use of the Marlboro trademark. via WAVY-TV Portsmouth

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Apr 10, 2008 | Modesto Bee

A free singer in Paris

“It's really an exciting time, and it's certainly much better than the 'my way or the highway' type of situation.”

Worn down a bit by work, singer Tift Merritt poured herself a glass of wine one night, sat at the computer and typed "Paris," "apartment" and "piano" into an Internet search engine. via Modesto Bee

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Apr 10, 2008 | CourierPostOnline

Documentary chronicles infamous trooper profiling case

“When I first approached making the film - I know this will sound strange - I didn't really see it as a racial-profiling movie”

Jon Doscher, producer and director of the documentary '4Chosen,' says 'it's not a Disney film.' Hardly. via CourierPostOnline

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Apr 9, 2008 | BusinessWeek

Philip Morris sues over bogus Marlboros 5:09PM ET

“Importing and selling counterfeit cigarettes is illegal, and the Marlboro brand is a frequent target of counterfeiters”

Philip Morris USA, the nation's No. 1 tobacco company, said Wednesday it filed lawsuits against two companies it accuses of importing counterfeit cigarettes and unauthorized use of the Marlboro trademark. via BusinessWeek

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Apr 8, 2008 | WHSV-TV Harrisonburg

Flawed Information Led to Imprisonment?

A lawyer for a man in prison says a recently declassified government memo shows that President Bush acted on a flawed legal analysis when he designated Ali al-Marri an enemy combatant. via WHSV-TV Harrisonburg

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Apr 8, 2008 | Political Gateway

Poll: N.C. voters doubt Clinton's honesty

“I don't trust her because of the fact that she's having Bill pretty much run the race for her”

A poll finds North Carolina voters believe Hillary Clinton is far less trustworthy than either Barack Obama or John McCain. via Political Gateway

3 comments

Apr 7, 2008 | MTV News

Mary J. Blige Congratulates Jay-Z, Beyonce -- Apparently On Getting...

“Congratulations to my man, Jay-Z, and my girl B”

At the Greensboro, North Carolina, stop of Jay-Z and Mary J. Blige's Heart of the City Tour on Saturday night, Jay-Z kept quiet about reports that he and Beyonce had gotten married - but Mary didn't. ... via MTV News

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Apr 6, 2008 | The Boston Globe

Hillary Clinton strategist quits amid Colombia trade flap

“How can we trust that a President Hillary Clinton would stand strong against this trade deal when her top advisor is being paid by Colombia to promote it?”

A top campaign aide to Sen. Hillary Clinton, under fire for meeting with a Colombian diplomat to discuss a free trade deal that the presidential candidate opposes, quit his post on Sunday, the campaign said. via The Boston Globe

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Apr 6, 2008 | WFRV-TV Green Bay

Blige confirms Beyonce and Jay-Z marriage?

“Congratulations to my man, Jay-Z, and my girl B”

Musician Mary J. Blige attends the 16th Annual Elton John AIDS Foundation Academy Awards viewing party at the Pacific Design Center on February 24, 2008 in West Hollywood, California. via WFRV-TV Green Bay

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Apr 6, 2008 | Seacoast Online

Skybus shuts down; no more flights at Pease

“Skybus loads have plummeted in the last few months”

Low-cost carrier Skybus Airlines is shutting down today and plans to file for bankruptcy protection next week, becoming the latest of the nation's smaller airlines to fall because of rising fuel costs and a ... via Seacoast Online

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Related Topix: Ohio, Carolina Group

Apr 6, 2008 | The Star Online

Families morn three dead in crash

“He was a big animal lover. They have three big ol' labs at about 110 or 115 pounds each”

Family and friends from Texas to New York prepared to lay to rest the three Lincoln County residents who died in a car wreck near Cherryville on Thursday night. via The Star Online

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Apr 5, 2008 | WFMY-TV Greensboro

Authorities Stop Sex Trafficking

It's estimated that about a million women and children are taken across borders and forced into slavery each year. via WFMY-TV Greensboro

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Apr 5, 2008 | San Diego Source

Money in the Morning

Small business owners -- ordinarily an optimistic group -- are joining the growing legions of doom and gloomers. via San Diego Source

1 comment

Related Topix: Altria Group

Apr 4, 2008 | Political Gateway

Obama flexing advertising muscle

“Obama is putting his money to work.”

Barack Obama has put his war chest to use, pushing beyond Pennsylvania to advertise in North Carolina and Indiana, a move observers say his rival can't match. via Political Gateway

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Apr 4, 2008 | CW 15

Jay-Z and Beyonce getting married?

Jay-Z and Beyonce getting married? Jay-Z and Beyonce Knowles, February 2007 Rumors are rampant that Jay-Z and Beyonce Knowles will exchange wedding vows in New York on Friday after gossips learned the rapper ... via CW 15

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Apr 4, 2008 | San Diego Union-Tribune

Big Tobacco wins a round

“Not only was a lot of money spent on a product that wasn't what it was represented to be, but a lot of lives were lost and diseases contracted unnecessarily”

By Larry Neumeister 11:58 a.m. April 3, 2008 NEW YORK - Tobacco companies have won a legal round over smokers who claim they were misled about the health effects of light cigarettes. via San Diego Union-Tribune

1 comment

Apr 3, 2008 | WAVY-TV Portsmouth

NY: Tobacco companies win a legal round over smokers

Richmond-based Philip Morris USA and other tobacco companies have won a legal round against smokers who claim they were misled about the health effects of light cigarettes. via WAVY-TV Portsmouth

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Apr 3, 2008 | WCCO

CBS Proposes Democratic Debate

“We hope to make this debate weekend a true learning experience for North Carolinians”

NEW YORK A joint letter from the North Carolina Democratic Party and CBS News to the campaigns of Barack Obama and Hillary Clinton proposes a 90-minute debate, to be aired live on April 27th from 8:00pm to ... via WCCO

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Apr 3, 2008 | Star-Gazette.COM

New York plans nation's highest cigarette tax

“Those are based on self reports and in this day and age, you're demonized as a smoker”

New York's government leaders have agreed to boost the state cigarette tax by $1.25 per pack to create the nation's highest state cigarette tax, officials said Wednesday. via Star-Gazette.COM

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Apr 2, 2008 | Forbes

Altria Splits US, Int'l Cigarette Units

“Faced with an epidemic that kills 5.4 million people each year, the world will not tolerate increased profits for a few, at the expense of the health and lives of so many”

For the first time since Philip Morris, Esq., opened a tobacco shop on Bond Street in London in 1847, the company's U.S. and international businesses will be separate. via Forbes

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Apr 2, 2008 | Market Wire

Finacity and NORD/LB Announce an Increase to $100 Million of a...

“Nord/LB is delighted to have partnered with Finacity to provide AOI a competitive enhanced source of liquidity with this transaction”

Finacity Corporation announced today that together with Norddeutsche Landesbank Girozentrale it has facilitated an amendment to a trade receivable securitization facility for Alliance One International, Inc. via Market Wire

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Apr 1, 2008 | MarketWatch

Altria flat, but Philip Morris International rises after spinoff

Altria Group and the newly spun-off Philip Morris International headed in different directions on their first day trading as separate entities, with investors apparently betting the rest of the world is more ... via MarketWatch

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Apr 1, 2008 | Post and Courier

Safety dept. releases more trooper videos

“Your aggressiveness exhibited in the videotape was unnecessary and unwarranted. Moreover, your use of the end of the shotgun barrel to push the passenger down was improper and could have resulted in dire consequences.”

The state Department of Public Safety released three more videos Monday of South Carolina troopers accused of mistreating motorists. via Post and Courier

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Apr 1, 2008 | www.topix.net |

Construction Safety in Charlotte: Recent crane deaths in U.S. spark concern

“What we believe is that there's a certain knowledge and skill level you need to operate a crane”

More than two dozen cranes tower above the Charlotte skyline, slinging huge loads over streets and sidewalks.

The giants are a sign of the city's booming businesses, but fatal crane accidents in Miami and New York City this month have raised a question: Could a similar tragedy happen here?

The crane industry is largely self-regulated in North Carolina. Crane operators are not required to have special certifications, and crane owners are responsible for most training and inspections.

Charlotte and Mecklenburg officials don't oversee crane safety, either -- though an accident in 2006, in which a small crane fell into the street uptown, sparked some discussion about the topic, officials said. Read more

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Related Topix: Carolina Group, Charlotte, NC

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