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Philip Morris will pay a fine of 10.1 billion dollars for "light" cigarettes
Appellate court of Illinois decided to restore the jury verdict, imposed in 2003, that sentenced the Philip Morris company to a fine of 10.1 billion dollars for the misleading of smokers about the safety of "light" cigarettes.
read more ...05/12/14
Philip Morris will close its cigarette production factory in Australia
Tobacco company Philip Morris will close its tobacco factory in Australia, located in Moorabbin, reported BBC News. Factory will cease to exist after 60 years of work, about 180 workers will remain unemployed. Company transfers its factory in South Korea.
read more ...05/02/14
Interesting Facts About Appearance of Cigarettes in America
It's so obvious for us nowadays to buy cigarettes as we know what they are for and how they should be used. In the past however smoking didn't exist. More exactly the grounds of this habit existed but were not developed to the extent familiar to
read more ...01/10/14
R.J. Reynolds Tobacco to Mail Coupons to Smokers of Its Brands

08/21/02

Winston-Salem, North Carolina, Aug. 16 (Bloomberg) -- R.J. Reynolds Tobacco Holdings Inc. has mailed coupons to smokers to counter a similar program started by Philip Morris Cos.

R.J. Reynolds, the second-biggest U.S. cigarette maker, mailed five coupons a person for $5 off a carton of cigarettes to some smokers of its Camel, Winston and Salem brands and $3 off for Doral cigarettes, spokeswoman Carole Crosslin said. She didn't know when the offers were mailed. The promotion is a response to larger rival Philip Morris, which two weeks ago began sending $36 worth of coupons to Marlboro smokers, Prudential Securities Inc. analyst Robert Campagnino wrote in a report. Philip Morris had said last month it would spend $350 million more in the second half marketing its more expensive cigarettes. ``When the 800-pound gorilla of your industry starts throwing luggage around, we believe that you have to respond or risk getting knocked out,'' Campagnino wrote in the report. He has a ``buy'' rating on the shares and doesn't own them. Campagnino reduced his forecast for R.J. Reynolds's third- quarter profit by 8 cents a share to $2.24 to reflect expenses from the promotion. He also lowered his forecasts for the fourth quarter and the year by 10 cents and 16 cents, respectively, to $1.78 and $8.10. The $5 and $3 coupons were sent to smokers that R.J. Reynolds says buy only the company's brands. It also sent four $7.50-per- carton coupons and one coupon for $6 off of four packs to smokers who buy according to price, Crosslin said. Shares of Winston-Salem, North Carolina-based R.J. Reynolds fell 17 cents to $59.12 at 4 p.m. in New York Stock Exchange composite trading.

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