Posts tagged: cigarette industry

Altria’s future largely rests on Marlboro cigarettes

Tweet Also: Why did the bottom fall out of Janus Forty’s shares? Question: I’m concerned about my shares of Altria Group Inc. What is the latest outlook? Answer: It is no secret that the U.S. cigarette industry is in a long-term decline because of the health risks of smoking. Its sales could be hurt by a Food and Drug Administration mandate for more-graphic health warnings on cigarette packs that takes effect in October 2012. Potenti ... Jump to full article >>

Tax evasion in cigarette industry reaches shocking levels

Tweet ISLAMABAD: Government has faced a revenue loss of Rs 45 billion during the last six years on account of tax evasion, smuggling and counterfeiting in cigarette industry due to failure of government’s authorities in taking concrete steps. According to industrial data, government had to face a revenue loss of Rs 7.5 billion in the current year, Rs 6.5 billion in 2009, Rs 6 billion in 2008, Rs 5.59 billion in 2007, Rs 5.48 billion in 2006 an ... Jump to full article >>

Focus on other tobacco products, not just cigarettes

Tweet New Delhi: 5.7 percent of India’s tobacco consumption is because of cigarettes, but chewing tobacco and bidis account for a huge 35 per cent, calling for government attention for safeguarding the health of millions of people. This is evident from the latest statistics collected under the Global Adult Tobacco Survey (GATS) initiated by the Ministry of Health . The pattern of tobacco consumption in India is unique and unlike elsewhere in th ... Jump to full article >>

Cigarette industry hit with novel claim for compensation

Tweet The cigarette industry is facing a novel new claim for compensation over its 1990s smuggling spree, which has already led to heavy civil and criminal penalties against four tobacco companies. Farmers have filed $150-million in class-action lawsuits, alleging that the firms paid them the lower, export price for tobacco that was initially sent to the United States, but then smuggled back — tax-free — for the Canadian market. They say the ... Jump to full article >>

McConnell leads GOP opposition to health bill

Tweet For weeks, Democratic leaders gritted their teeth whenever Senate Minority Leader Mitch McConnell airily dismissed suggestions that Republicans would work to slow the health care debate. The Democrats thought they knew better. Under McConnell’s leadership during the 111th Congress, Republicans have attempted to filibuster – block legislation by defeating efforts to cut off debate – more than 30 times. To Democrats, out-str ... Jump to full article >>