Articles Comments

» Archive

The FDA has approved two new brands of cigarettes

The Food and Drug Administration on Tuesday began using one of the key powers of Congress gave him under the landmark 2009 tobacco control law: the last word in which the new tobacco products can be marketed and sold to consumers. The family Smoking Prevention and Tobacco Control Act gave the FDA broad powers to regulate everything from cigarettes to smokeless tobacco. Before his passing, companies can introduce new products without the blessing of any federal regulator. Since the law’s enactment, the FDA has received about 4,000 applications for the products that companies claimed were “substantially equivalent” to those already on the market, but the agency did not act on any of them. The FDA said it approved applications for two types of non-menthol cigarettes made by Lorillard after determining that a cigarette, … Read entire article »

Filed under: Cigarette brands, Tobacco laws, Tobacco news

Cigarette manufacturers confirm the price increase

Cigarette prices are rising again, with the three largest tobacco manufacturers and expressed confidence that the next increase will not deter smokers in a sluggish economy. R.J. Reynolds Tobacco Co., Lorillard Inc. and Philip Morris USA confirmed on Friday that prices for most of its brands are growing. The increase will come into effect on Monday for Philip Morris and Reynolds t. Reynolds and Lorillard are raising the price list at 6 cents per pack, or 60 cents for a box. Although the list price is focused on wholesale and direct-buying customers, such as a rule, increases on to consumers. Meanwhile, Philip Morris is reducing their national invoices promotional discounts on bulk purchases and direct clients on all Marlboro and L & M styles to 6 cents per pack, effectively raising the price … Read entire article »

Filed under: Cigarette taxes, Tobacco laws, Tobacco news

Growing tobacco is not easy, but it is still tradition for many farmers from Kentucky

Tobacco cannot generate the revenue it used to do, but the crop from Kentucky is still worth about $ 400 million a year, despite the changes in the market and government regulations. And that number is likely to remain stable and can grow if the harvest is good, and prices remain strong this season. Burley manufacturers alone are expected to increase production by as much as 4,000 acres for the 2012 crop, according to the National Agricultural Statistics Service. In the past year, producer prices raised Burley 152000000 pounds, an increase of 19 percent compared to 2011 levels with an average yield of crossing 2,000 pounds per acre mark. However, the increase of tobacco has never been easy, and in the last decade it has become more difficult due to declines in … Read entire article »

Filed under: Tobacco laws, Tobacco news

European growth of the tobacco industry is slowing, affirmed Moody

Prospects for the European tobacco industry are currently stable, from positive, as consumer spending is likely to remain pressured, leading to lower-than-previously-expected profit growth, says Moody’s Investors Service. The prospects for the European tobacco industry have been positive since July 2012, when Moody’s first published a separate outlook for Europe. Report author Paulo Leschiutta – a senior credit officer in Moody’s Corporate Finance Group.” Our outlook on the European tobacco industry has changed from positive to stable as we expect operating profit growth of the sector will decline from 8% to between 5.5% and 6. 5% over an year or more. “Our expectations reflect the revised probability that people will curb in their spending, leading to a decline in sales or a switch to cheaper products.” In addition, Moody’s mentioned that regulatory pressure has … Read entire article »

Filed under: Tobacco laws, Tobacco news

Philip Morris moves in the market of electronic cigarettes

The Marlboro Man’s rugged image could soon disappear. Altria Group, the country’s No. 1 tobacco company and owner of the Marlboro manufacturer Philip Morris USA, on Tuesday became the latest major player to enter in the young, but potentially lucrative business electronic cigarette. The Richmond, Virginia-based Company unveiled its new Markten electronic cigarette brand on its annual day investor conference in New York. Altria said it will begin to spread Markten in August, through its subsidiary Nu Mark, who also sells CDs Verve chewing nicotine. Markten will initially be sold only in Indiana, however. Altria has not announced when or if it intends to hold the brand on a national level. “(E-cigarette) category is in its early stages and time will tell how it will evolve,” general manager Marty Barrington, Altria told … Read entire article »

Filed under: Tobacco news

Edmond Jackson’s Stockwatch: British American Tobacco

This article is for information and discussion purposes and does not constitute a recommendation to invest or otherwise. The value of investments may fall. Investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should consult with a qualified investment advisory. It is interesting to consider how the FTSE 100-listed shares in the largest tobacco group British American Tobacco have taken 8% dive, obviously, on no other reason worries that the U.S. quantitative easing (QE) is a cone. However, the jobs figures warm June 7 implied QE momentum will continue, while about 3,500 p offer useful shares 4.5% expected return, which should help to limit the risk of falling, as shares repurchase program. British American Tobacco chart is one of the most reliable … Read entire article »

Filed under: Cigarette brands, Tobacco companies, Tobacco laws, Tobacco news