Daily Archives: October 23, 2009

Tobacco farmers remain poor

Working for a private corporation based in the heart of Malawi’s commercial city of Blantyre, Bakaya smokes only Peter Stuyvesant cigarettes ‘ also a favourite of the company executives he drives around.

Philip Morris International 3Q profit falls

RICHMOND, Va. — Cigarette maker Philip Morris International Inc., which sells Marlboros and other U.S. brands abroad, said Thursday its third-quarter profit fell nearly 14 percent as the stronger dollar shrunk profit earned in other currencies.

Altria Group Q3: Earnings Beat

Altria Group (MO) reported strong third-quarter results, with earnings of 48 cents per share. Earnings were 2 cents above the Zacks Consensus Estimate and up 4.3% year-over-year. Profits were primarily driven by the company’s cost savings efforts and growth in the cigar unit.

Cigarette demand falling, but profits solid

RICHMOND, Va. — 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.

Metabolix Completes Field Trial of Bioplastic-Producing Tobacco Crop

CAMBRIDGE, Mass.- Metabolix, Inc. (NASDAQ: MBLX), a bioscience company focused on developing sustainable solutions for plastics, chemicals and energy, announced today that it has completed a field trial of tobacco, genetically engineered to express polyhydroxyalkanoate (PHA) biobased polymers. Metabolix obtained the necessary permits from the U.S. Department of Agriculture Animal Plant Health Inspection Service (APHIS) to perform an open air field trial in March of 2009 and field trial experiments were completed in early October. The trial was performed on 0.8 acres of land and provided valuable data and information relating to polymer production, with the best plants producing 3-5% PHA. This furthers development of Metabolix crop technologies for the co-production of biobased plastics in non-food bioenergy crops.

No lighting up, even on sidewalk?

When N.C. restaurants and bars go smoke-free at the start of 2010, smokers might find another place they aren’t welcome: part of Elizabeth Avenue and its sidewalks.