Daily Archives: April 27, 2010

Philip Morris International 1Q profit rises

Higher selling prices helped boost cigarette maker Philip Morris International Inc.’s first-quarter profit 15 percent, but results missed Philip Morris giantexpectations due to pressure from steep excise taxes in some countries, and the weak economy.

Lorillard’s 1Q Profit Up 26%

NEW YORK -Lorillard Inc.’s (LO) first-quarter profit jumped 26% as its cigarette shipments increased and the company’s Newport Lorillard  tobacco Companymenthol cigarettes grew their market share.

Health Officials Angry Tobacco Taxes not spent On Public Heath Campaigns

Last year 15 states, including the District of Columbia increase state duties on cigarettes raising the average tax across the states from $1.18 per package of 20 cigarettes in 2008 to $1.34 per pack.