Posts tagged: business

Some fear loss of tax, business revenue if smoking ban is approved

Tweet In the battle over the proposed Springfield smoking ban, much of the sparring has centered on the potential costs to businesses, charities and residents. Citing published studies in cities with existing bans, supporters argue smoking restrictions have no overall negative impact on local economies, with nonsmokers replacing any smoking customers who are lost. “The revenue tends to stay flat,” said Clean Air Springfield spokeswoma ... Jump to full article >>

10 years of kicking ash

Tweet It was an innocuous beginning to one of the most acrimonious municipal debates ever held in the nation’s capital, a precursor of sorts to all the emotionally charged debates — LRT, Lansdowne redevelopment, zero means zero — that were to follow. None of the follow-up acts, though, could match the city’s smoking bylaw for its furor and take-no-prisoners rancor. Before it was over, the city’s medical officer of health would need a b ... Jump to full article >>

Twenty-five pubs ‘are closing every week’

Tweet Thousands of jobs have been lost through pub closures, with 25 shutting their doors for good every week, according to a report today. Around 1,300 pubs closed across Britain last year, with the loss of 13,000 jobs, said the British Beer & Pub Association (BBPA). A ban on smoking in public places alongside cheaper alcohol being sold in supermarkets have been reasons for the decline. The number of pub closures has fallen from 40 a week ... Jump to full article >>

Trip to China promotes N.C. farm products

Tweet Agriculture Commissioner Steve Troxler is in China this week on a trade mission with representatives for the state’s cotton, peanut, soybean and tobacco farmers. China has grown in importance to North Carolina’s farmers. Last year, more than $542 million worth of N.C. agricultural products were bought in China, up from $271 million in 2008. The country is expected to soon become North Carolina’s largest market for U.S. agr ... Jump to full article >>

Lisle shops pass test on underage tobacco sales

Tweet Lisle police announced Tuesday that businesses within the village licensed to sell tobacco are in compliance regarding the sale of those products to minors. On Monday, police, with the aid of a number of underage volunteers, visited 27 licensed establishments in the village and found there were no attempts to sell tobacco to the teens. Police public information officer Randall Johnson said the program is conducted three times a year through ... Jump to full article >>

Cigar sellers seek smoking ban exemption

Tweet OLYMPIA, Wash. – Business owners battled public health officials at the Capitol Thursday over a bill to change the state’s smoking ban. The proposed law would create an exemption for cigar smokers by allowing smoking lounges in bars, restaurants and tobacco shops. The exemption would not allow cigarette smoking in any of the lounges. Tobacco shop owners would have to pay $5,000 for a license; restaurant or bar owners would be c ... Jump to full article >>

Cigarettes the most taxed business

Tweet The cigarette manufacturing industry is the only sector in the economy covered by a law that forces increases in the excise tax every two years from 2009 to 2013. Figures obtained from the Bureau of Internal Revenue show that the increases did not exactly produce the expected revenues commensurate in amounts to the rate of the taxes. This is so, according to industry leaders, because every time a new higher rate is imposed, there is an init ... Jump to full article >>

Japan Tobacco Q3 profit falls,lifts annual forecast

Tweet Q3 op profit drops 26 pct to 65.7 bln yen after price hike Annual profit forecast lifted to Y308 bln New FY2010 projection lower than Y310.9 bln consensus TOKYO, Feb 7 (Reuters) – Japan Tobacco (2914.T), the world’s No. 3 cigarette maker, posted a 26 percent drop in quarterly operating profit after a tax hike hit its domestic business, but raised its annual outlook as the resulting dip in tobacco sales was less than predic ... Jump to full article >>

Earnings Preview: Reynolds American’s 4Q

Tweet RICHMOND, Va. (AP) — Reynolds American Inc., the nation’s second-biggest cigarette company, reports its fourth-quarter and full-year results before the stock market opens Thursday. WHAT TO WATCH FOR: Continued growth in Reynolds American’s Pall Mall brand despite industrywide declines in the number of cigarettes being as taxes, smoking bans, health concerns and social stigma all increase. The Winston-Salem, N.C., company has p ... Jump to full article >>

Altria Reports In-Line

Tweet Altria Group Inc. the manufacturer and seller of cigarettes, wine and other tobacco products, registered robust fourth quarter and full fiscal 2010 results. Virginia-based Altria posted adjusted earnings of 44 cents a share in the quarter, which was up 12.8% compared with the prior-year quarter and was in line with the Zacks Consensus Estimate. The quarter benefited from strong income across its tobacco businesses, lower asset impairment a ... Jump to full article >>