June 24, 2008 |
Philip Morris USA, the nation's No. 1 tobacco company, said Monday that it had ended test markets of Marlboro-branded cigarettes that use a high-technology filter to potentially reduce the risk of smoking. The operating company of Altria Group Inc. said it pulled the plug on Marlboro Ultra Smooth and Marlboro Ultra Light cigarettes, which used an activated carbon filter to deliver nicotine with potentially less exposure to carcinogens than in conventional cigarettes.
May 3, 2008 |
Philip Morris USA effectively raised the price on Marlboro, Basic, L&M and most of its other cigarette brands by 9 cents a pack. The company, a unit of Altria Group, raised the price on Marlboro, Basic and L&M by reducing the promotional discount given to wholesalers on those brands. Reductions in promotional discounts are typically passed on to consumers in the form of higher prices. The average price for a pack of Marlboro cigarettes, the top-selling U.S. brand, had been $4.27 in the first quarter.
March 29, 2008 |
Altria Group Inc. completed its spinoff of Philip Morris International. Shareholders in Altria got one share of the international company for each one they owned March 19, Altria said. Altria Chief Executive Louis Camilleri takes charge of Philip Morris International as it prepares to boost sales of Marlboro, the world's top-selling brand, in China this year.
February 14, 2008
Re "Smoking, and ire, at UCLA," Feb. 9 As a graduate of the UCLA School of Public Health, I am dismayed to learn of Philip Morris funding being accepted for tobacco research. The professed naivete of the undoubtedly qualified scientist and UCLA officials is more troubling. A modicum of research would show them that the only reason the tobacco industry takes such actions is to increase profits -- which necessitates addicting people. The industry's motive is far from "immaterial," as UCLA's vice chancellor for research must know -- it's called the profit motive.
October 29, 2007 |
With waning cigarette sales due to health concerns, smoking bans and price increases, Philip Morris USA Inc. is staking its future on a new research center meant to develop products to reduce the risk of tobacco use. The addition of the $350-million, 450,000-square-foot Center for Research and Technology nearly doubles the company's research space and gives its scientists and engineers one facility to collaborate on new projects.
August 30, 2007 |
Altria Group Inc. plans to spin off its Philip Morris International tobacco unit, a move designed to give the overseas maker of Marlboros and other cigarette brands more freedom to pursue sales growth in emerging markets. The plans announced Wednesday would leave Altria with its much smaller domestic tobacco business that nonetheless still ranks as the biggest in the United States.