Daily Archives: February 16, 2009

Philip Morris Int’l profit falls nearly 8 percent

Philip Morris International Inc.’s CEO said Wednesday that the stronger dollar shrank the company’s profit from selling cigarettes in other currencies and it will drag down profit this year again.

Cigarette prices rise ahead of looming taxes

Though a federal cigarette tax hike remains weeks away, at least two U.S. cigarette makers already have upped prices and another is cutting some wholesaler discounts as demand drops.