Consumer Goods
Marlboro Cigarette Maker to Sue Retailers
Susan Ivey, the CEO of Reynolds(RAI), maker of Camel, Century and Salem, recently gave a gloomy picture of the tobacco industry during its third quarter conference call. She predicted that U.S. cigarette demand would fall 8 to 9% a year in the foreseeable future.
Lorillard(LO), which owns brands such as Newport, Kent, True and Maverick watched its sales volume decline more than 6% in the third quarter. Depressing, but still perkier than the 12.6% decline it projected for the total industry. Altria saw its cigarette sales fall roughly in line with Lorillard's projection, but said cost-cutting and higher cigar sales helped bolster its profits. Reynold's profits soared only because last year's paled noticeably in comparison. Altria shares are a ticking down 0.16% at $19.21 a share in pre-market trading. -- Reported by Andrea Tse in New York Follow TheStreet.com on Twitter and become a fan on Facebook.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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| 12,393.45 | 1,310.33 | 2,827.34 | 14.60 |
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