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Reynolds American Inc., maker of Camel cigarettes and Grizzly smokeless tobacco, is in talks to buy a Swedish company that helps people stop smoking, a tobacco expert who said he was briefed by people close to the talks told The Associated Press Monday.
Cigarette maker Lorillard Inc.'s largest competitors — Altria Group Inc. and Reynolds American Inc. — are ramping up efforts to grab some of the menthol market from Lorillard's leading Newport brand.
After a federal cigarette tax took effect in April and as the U.S. Food and Drug Administration's authority over the industry increases, tobacco companies are wary of the impact on their products and looking to cigarette alternatives such as smokeless tobacco for future growth.
Cigarette maker Reynolds American Inc. sold fewer cigarettes but recorded 72 percent higher profit than in last year's third quarter, when restructuring costs and the falling value of its trademarks dampened its earnings, the company said Thursday.
Reynolds American Inc. reports its third-quarter results on Thursday. The following is a summary of key developments and analyst opinion related to the period.
Reynolds American Inc. said Thursday that its second-quarter profit climbed 4 percent even as sales at the nation's second-largest cigarette company ticked down slightly.
Reynolds American Inc. reports its second-quarter results on Thursday. The following is a summary of key developments and analyst opinion related to the period.
A federal jury ruled on Tuesday that RJ Reynolds Tobacco Co. did not infringe on two patents claimed by Star Scientific for a tobacco-curing method. Star Scientific shares lost nearly 80 percent of their value in late trading.
Reynolds American Inc., the nation's second-largest cigarette company, said Wednesday raising its prices and cutting its costs helped it offset industrywide sales declines in the first quarter.
Reynolds American Inc. reports its first-quarter results on Wednesday. The following is a summary of key developments and analyst opinion related to the period.
Reynolds American Inc.'s chief executive, Susan M. Ivey, received compensation valued by the nation's second-biggest tobacco company at more than $8.8 million in 2008 — about 12 percent more than in 2007, an analysis of regulatory filing Monday showed.
Reynolds American Inc., the nation's second largest cigarette company, said Wednesday that its fourth-quarter profit fell 13 percent on impairment charges, but its adjusted earnings beat Wall Street's expectations.
HOW THEY DID: Philip Morris International Inc., which sells Marlboros overseas, reported a 20 percent rise in third-quarter profit. Reynolds American's profit fell 41 percent but the results were better than Wall Street had expected and the company raised its full-year profit forecast.
Reynolds American Inc. said Wednesday its third-quarter profit dropped 41 percent due to hefty restructuring and trademark charges, but the results topped expectations as the tobacco company used higher prices to offset consumption declines.
Reynolds American Inc., parent of the nation's second-largest tobacco company, said Tuesday it would cut about 570 jobs, or about 10 percent of the American work force.
Reynolds American Inc. and its tobacco unit, R.J. Reynolds, said Tuesday they would cut about 570 jobs, or 10 percent of their American work force, as cigarette sellers prepare to compete more aggressively for sales of smokeless tobacco products.
Reynolds American Inc., the nation's second-biggest tobacco maker, said Wednesday that its second-quarter profit rose nearly 13 percent as price increases more than made up for a decline in domestic cigarette demand.
Reynolds American Inc., the nation's second-largest tobacco company, said Thursday its fourth-quarter profit climbed 65 percent on higher prices and volume.
Once a Mainstay of Magazines, Cigarette Makers Drop Print AdsR. J. Reynolds said that starting next year it would stop running cigarette ads in consumer magazines and newspapers for brands like Camel, Winston and American Spirit.
TimesDispatch.com | Going smokelessBY JOHN REID BLACKWELL TIMES-DISPATCH STAFF WRITER Apr 9, 2007 Going smokeless Smokeless yearning for FDA guidance The heyday of the cigarette may be ending in the United States.
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