Posts tagged: tobacco sales

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 >>

Cuomo sees $130 million from tax on cigarettes

Tweet ALBANY — The proposed state budget assumes the state will collect $130 million in excise taxes on cigarettes sold by Indian retailers, making Gov. Andrew M. Cuomo the fifth governor vowing to end tax-free tobacco sales. The governor hasn’t specified how or when he might try to begin collecting the tax, and leaders of the Seneca Nation quickly vowed to fight any state effort. “This is nothing new, and nothing has changed,&# ... Jump to full article >>

Analysis: Downturn bites this time for beer, tobacco

Tweet In past recessions smokers and beer drinkers kept puffing and quaffing. This time it could be different. The downturn and associated austerity measures may actually be accelerating a long term decline in both habits in the developed world, raising pressure on the two industries to innovate. Tobacco sales in developed countries are affected by price, and price is mainly driven by taxes, something austerity-minded governments are busy raising ... Jump to full article >>

Northern Ireland to Ban Tobacco Displays

Tweet BELFAST, Northern Ireland – The Department of Health is proposing to ban tobacco displays in retail locations in Northern Ireland, the Belfast Telegraph reports. The prohibition would take effect July 1, 2011. Merchants responded to the news by saying the ban would likely increase the tobacco black market as smokers would seek to buy their cigarettes elsewhere. Health Minister Michael McGimpsey pointed to the fact that more than three-qua ... Jump to full article >>

FDA Toughens Rules on Tobacco Sales to Kids

Tweet U.S. health officials issued new federal rules Thursday cracking down on the sale of cigarettes and other tobacco products to children and teens. New national bans on vending machine sales of cigarettes, free samples, tobacco company sponsorship of sporting events and even full-color cigarette ads are all part of the rules issued by the U.S. Food and Drug Administration. The rules, which go into effect June 22, “will help our kids stay he ... Jump to full article >>

Changes in tobacco use create trade-offs

Tweet How the restaurant and bar smoking ban will affect restaurant or tobacco revenues is unclear. Other states with similar bans say business falls off, then resumes without a haze. Prevention Partners say the Jan. 2, 2010 ban, and the state and federal tax hike in 2009 will keep an estimated 89,000 children a year from starting to smoke tobacco. Added to a state tobacco-free schools and hospitals law already in place, this new smoking ban prom ... Jump to full article >>

Smoking bans march across region

Tweet The District was first to clear the ashtrays from its taverns in 2007. Maryland pushed its smokers outside not long after, in 2008. And on Tuesday, so goes Virginia. The march of smoking bans in bars and restaurants across the region has made lighting up while dining out a practical impossibility for many people. And Virginia’s ban — which kicks in Tuesday — leaves the Washington area with a only a handful of venues where ... Jump to full article >>

Ohio’s smoking rates may be on the rise

Tweet Public health advocates foresee a perfect storm heading to Ohio next year that could increase smoking rates, gut enforcement of the indoor smoking ban and allow Big Tobacco to lure children into using new, mint-flavored tobacco products. “We are poised to see our smoking rates rise if we don’t do something about it. It has happened in other states,” said Shelly Kiser of the American Lung Association. Ohio’s adult smoking rate has al ... Jump to full article >>

Smoking ban goes before council Monday

Tweet A smoking ban in Marion County could become reality on Monday. That’s when the full City-County Council votes on the plan. Meantime, the proposal got a big boost Sunday. It’s called Proposal 371 and it would make workplaces including bars, clubs and even bowling alleys off limits to smokers. “Whether you work in an office or a factory or a restaurant or a bar or a bowling alley, you should have the same law applying to yo ... Jump to full article >>

N.J. prevails in lawsuit against out-of-state tobacco seller Red Jacket

Tweet The state government has prevailed on all counts of a lawsuit it filed a year ago charging New-York-based cigarette seller Red Jacket Tobacco with illegal business practices related to the advertising and sale, by mail order, of “tax free” cigarettes in New Jersey, Attorney General Anne Milgram announced Monday. In a decision issued by state Superior Court Judge Maria M. Sypek, Red Jacket and its owner, Lesley A. Hoag, were ord ... Jump to full article >>