Tobacco News and Information.
Categories:
· Business
International:
· USA
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Reynolds American lifts dividend by 5.9% |
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Source:http://www.marketwatch.com/,2009-10-28
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Reynolds American Inc. said that it was raising its quarterly dividend by 5.9% to 90 cents a share from 85 cents a share. The dividend is payable on Jan. 4, 2010, to shareholders of record on Dec. 10, 2009. "I am very pleased to announce this dividend increase, which reflects the continued strength of our business," said the tobacco company's Chief Executive Susan Ivey.
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Categories:
· Business
International:
· USA
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Cigarette demand falling, but profits solid |
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Source:http://www.newsobserver.com/,2009-10-23
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The weak economy and higher prices are snuffing out cigarette demand around the world - most vigorously in the U.S., where a federal tax hike, smoking bans, health concerns and social stigma have cut demand at least 10 percent.
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Categories:
· Business
International:
· USA
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Business Briefs: Tobacco control bill advances in Senate |
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Source:http://www.commercialappeal.com/,2009-06-26
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A key Senate vote Monday put Congress in sight of fulfilling a decade-old quest to put the content and marketing of tobacco products under the control of the federal government.
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Categories:
· Business
International:
· USA
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R.J. Reynolds wins a round in Star Scientific suit |
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Source:http://www.marketwatch.com/,2009-06-22
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he R.J. Reynolds Tobacco unit of Reynolds American Inc., the Winston-Salem, N.C., cigarette producer, said a jury ruled in its favor in a patent-infringement lawsuit brought by Star Scientific Inc. In a statement Tuesday, R.J. Reynolds said the lawsuit, filed in U.S. District Court in Baltimore, claimed that the company infringed Star Scientific's patents related to a way to treat tobacco to prevent tobacco-specific nitrosamines from forming. The jury ruled that the patents were invalid and should not have been issued, R.J. Reynolds said. Star Scientific,the Petersburg, Va., producer of technology to reduce toxins in tobacco leaf and tobacco smoke, said it would seek a new trial and, if that motion isn't granted, it will appeal to the U.S. Court of Appeals for the Federal Circuit.
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Categories:
· Business
International:
· USA
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U.S. April CPI flat as tobacco prices jump |
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Source:http://www.marketwatch.com/,2009-05-18
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Led by a large decline in energy prices, U.S. consumer prices were unchanged in April after seasonal adjustments and have fallen 0.7% in the past 12 months, the largest decline in 54 years, the Labor Department reported Friday. The decline in the consumer price index has sparked concerns about deflation in the United States. However, core inflation - which excludes volatile food and energy prices - has not declined. In the past year, the core CPI is up 1.9%. In April, the seasonally adjusted core CPI rose 0.3%, boosted by a 9.3% increase in tobacco prices. Excluding tobacco, the CPI fell 0.1% and the core CPI rose 0.1%.
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