Image 01

TobaccoReviews

Cigarettes Tobacco Reviews and News

Posts Tagged ‘Philip Morris’

Philip Morris Trader of Marlboro Cigarettes

Tuesday, May 8th, 2012

buy kent cigaretteCigarette manufacturer Philip Morris International Inc. declared recently that its chief financial officer, Hermann Waldemer, intends to leave in July. The trader of Marlboro cigarette and other famous smoking brands sold outside the U.S. explained Waldemer will be succeeded by Jacek Olczak, who at present serves as president of the company’s European Union region, on Aug. 1.

Waldemer, 55, has been Philip Morris International’s fiscal head since the 2008 spin-off from Richmond, Va.-based Altria Group Inc. He became the Philip Morris International head in 1987 and had recently been executive vice president and CFO since 2005.

Olczak, 47, who joined Philip Morris International in 1993, has headed the company’s European Union region since 2009. The company said Drago Azinovic, president of Philip Morris Japan, will succeed Olczak in that role.

Philip Morris International, which has offices in in New York and Lausanne, Switzerland, is the world’s second-biggest tobacco company after China National Tobacco Corp.

Shares decreased by 79 cents to $88.34 in afternoon tobacco selling. Its shares set a high for the year at $91.05 a week ago. They fell as low as $60.45 in early October.

Philip Morris Profits Up Thanks to Cigarette High Prices

Friday, February 3rd, 2012

buy camel cigarettesPhilip Morris International Inc., the world’s largest publicly traded tobacco company, reported third-quarter profit that topped analysts’ estimates, helped by higher shipments and increased cigarette prices in Asia.

Net income rose 30 percent to $2.38 billion, or $1.35 a share, from $1.82 billion, or 99 cents, a year earlier, the New York-based maker of Marlboro cigarettes said in a statement. Excluding some items, profit was $1.37 a share, beating the $1.24 average of 14 analysts’ estimates compiled by Bloomberg.

Chief Executive Officer Louis Camilleri raised prices in Japan, Australia and Indonesia, where demand pushed total shipments higher by 4.4 percent. Excluding excise taxes, total sales at Philip Morris, which generates all of its revenue outside the U.S., advanced 26 percent to $8.36 billion.

“Aided by Asia and the emerging markets, shipments were good, and they’re not having any problem getting price increases,” Jack Russo, an analyst at Edward Jones & Co. in St. Louis, said today in an interview. He rates the shares as “buy.” “They blew by the consensus pretty easily.”

The company raised the low end of its 2011 profit forecast by 5 cents to $4.75 a share, and left unchanged the high end of $4.80. Analysts projected $4.74, the average of 16 estimates.

Philip Morris rose 3.3 percent to $68.19 at 4 p.m. in New York. The shares have climbed 17 percent this year.

Most Profitable

Lorillard Inc., the third-largest U.S. cigarette maker, is scheduled to release its results on Oct. 24, followed by Reynolds American Inc., the second-biggest, on Oct. 25 and Altria Group Inc., the largest, on Oct. 27.

Philip Morris is the second most profitable company in the Standard & Poor’s 500 Index, after Linear Technology Corp., according to earnings rankings compiled by Bloomberg through Oct. 18. The analysis gave equal weight to five variables, including profit margin and return on invested capital. Lorillard, based in Greensboro, North Carolina, ranked 10th.

Marlboro Sinus PM Cigs, Philip Morris

Tuesday, January 17th, 2012

tax free marlboro sinus cigarettesAt a press conference Tuesday, tobacco giant Philip Morris introduced its new medicinal cigarette, Marlboro Sinus PM, a smokable nighttime cough suppressant and analgesic designed to ease cold symptoms. “Marlboro Sinus PM uses the power of acrid tobacco smoke to restore and rejuvenate,” Philip Morris president William Gifford said.

“Just inhale two cigarettes right before bedtime and the medicated tar goes to work by coating your mucus and packing it down deep inside your lungs. You’ll wake up feeling rested, refreshed, and ready for a smoke.” In addition to the Sinus PM cigarettes, Philip Morris will later this month introduce its new line of Non-Drowsy Daytime Formula 100s and Copenhagen Smokeless Birth Control Dipping Tobacco.

Tobacco Industry Misled on Cigarette Additives

Thursday, December 22nd, 2011

cigarettes additives onlineResearchers said Wednesday the tobacco industry of misled smokers over the safety of additives in cigarettes after they reanalyzed the data from a decade old study by scientists working for the American cigarette manufacturer Philip Morris.

The original study by the cigarette maker showed that there was “no evidence of substantial toxicity” associated with the additives studied.

The tobacco industry have deceived the public about additives in cigarettes, found a new study. More regulation could be placed on the tobacco industry. Cigarette butts fill an ashtray outside a construction site in Central, a business district in Hong Kong.

However, researchers at the Centre for Tobacco Control Research at the University of California said, after conducting their own analysis that the original studies “cannot be taken at face value” and were designed to intentionally hide the dangers of the additives.

The researchers compared their assessment to the results from the original “Project Mix” tobacco sponsored study and found that 15 different poisonous chemicals increased by an average of 20 percent.

Furthermore, researchers said that for “unexplained reasons” Philip Morris had purposely de-emphasized 19 of the 51 chemicals tested in their results which included nine of the 15 chemicals that were significantly increased.
Stanton Glantz, the lead author for the new research, said that the results were unsurprising and said there was a long history of big tobacco manipulating scientific results to benefit themselves.

Glantz said tobacco firms had spent many years preparing for the increasing likelihood tougher regulation for their products, including the regulation of additives.

Researchers explained that additives were sometimes used to make smoke feel less irritating, to make cigarettes more addictive and to add better taste.

The study went over about 60 million pages of documents from the tobacco industry that had been turned over during litigation.

“While the procedures to collect the data themselves appear sound, the way that the data were analyzed and interpreted is not,” researchers wrote.

In 2009, the Food and Drug Administration had prohibited flavor additives in cigarettes, with an exception on menthol.
Gantz said that the FDA and other law makers should now use the industry’s own data to eliminate the use of menthol and all other cigarette additives.

Action Against Light Cigarettes

Thursday, October 27th, 2011

light cigarettes actionA class-action lawsuit seeking at least $696 million in damages ended Tuesday in a mistrial, after a St. Louis Circuit Court jury could not agree on whether tobacco giant Philip Morris deceived customers with its marketing of light cigarettes.

After jurors heard four weeks of testimony, they deliberated more than four days before indicating Tuesday morning that some of them were unwilling to continue. They were split 8-4 on the side of the plaintiff, one vote short of the nine needed for a civil case verdict.

Plaintiffs’ attorney Stephen Swedlow said he was disappointed, and would ask for a new trial.

Philip Morris attorneys George Lombardi and Beth Wilkinson said the deadlocked jury meant the lawyers seeking damages could not prove their case. “This is fundamentally not a plaintiffs’ verdict,” said Lombardi.

The lawsuit, filed 11 years ago, claimed that light cigarette packages promised lower tar and nicotine, but were made from the same tobacco as regular cigarettes. Smokers might compensate for the lower nicotine by inhaling longer and more deeply, so the light cigarettes are just as dangerous are regular ones, the plaintiffs’ attorneys claimed.

Philip Morris attorneys argued that the cigarettes are different, that they contain less tobacco than Marlboro Reds, more ventilation and a longer filter. Inhalation compensation has been known for years, and all smokers smoke differently, the cigarette-maker’s lawyers said.

Actual damage estimates ranged from $696 million to $911 million, which averages to just over a dollar per pack of the cigarettes at issue sold in Missouri from early 1995 until the end of 2002, the period covered by the suit.

Juror Jim Chase, 56, sided with Philip Morris. He thought the most convincing evidence came from a study that showed tar and nicotine levels went up in smokers who switched from light to regular cigarettes. “That has to tell me that they were lights to some extent,” he told a reporter.

Leonard Hill, 50, favored the plaintiffs. “Too many documents showed Philip Morris knew what was going on,” he said.

The class’ representative plaintiff, Deborah Larsen, 60, said she was disappointed but saw this as a chance to try again. “It might give us an opportunity to look at things and present them a little differently,” she said. “But it also gives Phillip Morris that chance, too.”

This was the second big-stakes tobacco trial in Judge Michael David’s court his year. In April, big tobacco companies prevailed in a sweep of verdicts against hospitals seeking to recoup the costs of treating smokers’ diseases. That case took two and a half months to present.

Philip Morris Marlboro Lights Case

Tuesday, October 25th, 2011

cheap marlboro lights cigarettesCan eight jurors convince one more to side with a class of plaintiffs suing cigarette-maker Philip Morris? That question is on the minds of plaintiff and defense lawyers alike as they wait for word from the jury that Monday morning said it was deadlocked.

Jurors began deliberating late in the afternoon of Oct. 17 following closing arguments in the trial that took place in Judge Michael David’s courtroom in the St. Louis County Circuit Court.

The lawsuit alleges violations of the Missouri Merchandising Practices Act. By marketing the cigarettes as having lowered tar and nicotine, Philip Morris reassured the class that smoking Marlboro Gold cigarettes was healthier — or not as unhealthy — as smoking regular cigarettes, the plaintiffs alleged.

In a class action suit in St. Louis Circuit Court, smokers allege that Philip Morris knew that its “light” cigarettes were no lower in tar and nicotine. Bloomberg News file photo

On Monday, the courtroom turned into a waiting room as lawyers wandered in and out and the jury sent down notes to the judge.

What each side wanted seemed to change with each request the jury submitted.

On Monday morning, when all the parties knew was that the jury was deadlocked 8 to 4, plaintiffs lawyer Mark Bronson was before the judge arguing for a mistrial. At that point, the Neuman, Bronson & Wallis lawyer told David that “any further instruction would in effect be coercive.” Bronson said that includes a response asking the jury whether further deliberation would be helpful.

Shortly after the jury notified the judge that it was deadlocked, it sent another note asking to see an exhibit the note described as an interoffice communication about light cigarettes being a gimmick. The judge responded only to the first note, over the plaintiffs’ objection, asking about the utility of further deliberations.

After lunch, the jury sent down another note, stating that it wanted to see the exhibit before it could answer the judge’s question. The jury also asked whether, if it found for the plaintiff, would it be bound by any damage amount.

This time defense lawyer Beth Wilkinson argued for a mistrial.

“I don’t know how you could respond to [question] number one when we know how they’re leaning,” she said.
The judged denied this motion too, and told the jurors he was “not permitted to comply” with the exhibit request. In response to the question about being bound to a certain amount, the judge told the jurors they had to be guided by the instructions as given.

The jury continued to deliberate late Monday afternoon.

Philip Morris Misled Smokers on Light Cigarettes

Tuesday, October 18th, 2011

cheap marlboro cigarettesAltria Group Inc.’s Philip Morris unit deceived Missouri consumers by marketing Marlboro Lights cigarettes as safer than regular cigarettes, a lawyer told a St. Louis jury.

“Philip Morris made two promises — to provide lower tar and nicotine to smokers,” Stephen Swedlow, who represents Missouri smokers suing the company, said today in closing arguments in the state-court trial. “They did not deliver on this.”

In the lawsuit, a class action, or group case, filed in 2000 on behalf of all buyers of Marlboro Lights in Missouri, the smokers claim Philip Morris misrepresented that the brand was lower in tar and nicotine, a violation of state merchandising law. The cigarettes are no safer than others, the consumers said in court papers.

The smokers, who are seeking about $700 million plus punitive damages, don’t claim any personal injuries. The class, which was certified in 2005, includes as many as 400,000 current and former Marlboro Lights smokers. The trial began with opening statements last month.

Swedlow asked the jury to award $696 million. “I know that is a big number, but this comes to about 99 cents a pack,” he said.

The jury of three men and nine women began deliberations this afternoon.

“There was no deception on our part,” Beth Wilkinson, a Philip Morris attorney, said in her closing argument.

‘Did Not Prove’

“Did they prove that Marlboro Lights didn’t deliver less tar and nicotine? Did they prove that Marlboro Lights withheld information?” she asked. “They did not prove their case.”

Philip Morris didn’t tout Marlboro Lights as safer and its packages contain the same warnings as other cigarettes, Wilkinson said. “What other product in the United States has a warning that you’re taking your life in your own hands if you smoke these?”

Missouri smokers sustained no damages, George Lombardi, another Philip Morris attorney, said in his closing today.

“Nobody in this class paid a penny more for Marlboro Lights than Marlboro Reds or any other cigarette,” he told the jury. “In the real world, there was no ascertainable loss.”

The smokers claim that Philip Morris “willfully deceived consumers regarding the nature and effect of Marlboro Lights,” according to the complaint.

‘Fraudulently Represented’

Philip Morris owes damages because the company “fraudulently represented” that there was less tar and nicotine in Marlboro Lights, Swedlow, the plaintiffs’ attorney, said today. The smokers didn’t get what they were promised and this made their purchases worth less than what they paid, he said.

Philip Morris convinced the plaintiffs that it was better for their health to smoke Marlboro Lights than other cigarettes, Swedlow said. “They delivered the same tar and nicotine as Marlboro Reds.”

The class covers all purchasers of Marlboro Lights in Missouri from 1995 through 2003. Philip Morris sold $1.9 billion Marlboro Lights to the class members, Swedlow said today.

Second Trial

This is the second lawsuit to go to trial this year in Missouri against the tobacco industry over marketing practices. Missouri hospitals lost a jury verdict in April in their claim that Philip Morris, R.J. Reynolds Tobacco Co., Lorillard Tobacco Co. and other cigarette makers manipulated the nicotine content in cigarettes and misrepresented the health effects of smoking.

The hospitals, which were seeking more than $455 million in damages, claimed the industry’s actions boosted spending for unreimbursed and uncompensated tobacco-related health care.

The tobacco companies denied any responsibility for patient-care costs at the hospitals or any financial losses by the hospitals. A state-court jury in St. Louis sided with the cigarette makers.