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Philip Morris News

Tobacco Sales World Wide are Increasing

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At a glance:

This opinion piece takes note of how cigarette sales worldwide have increased, despite the U.S. trend towards less tobacco use.
 
For instance, Philip Morris USA's parent company, Altria, has seen its sales increase by 5% over the previous year.
 
The increase comes from developing countries and countries with quickly rising incomes such as China, whose consumers are switching to name brand cigarettes.
 
However the author still feels that the glory days of the cigarette industry are numbered, due to the success of multi-million dollar lawsuits in the U.S.

Trouble now, trouble later, for Big Tobacco

TheNewsTribune.com - 3/27/2006 4:39 AM

The latest blow to Big Tobacco was the U.S. Supreme Court’s refusal last week to consider Philip Morris’ appeal of $55.4 million in damages (plus $26 million in interest) won by the widow of a Marlboros smoker in 2001.
 
While $81 million and change is a princely sum, it’s a small fraction of the California jury’s original verdict: $5.4 million in compensatory damages plus a staggering $3 billion in punitive damages.
 
The jurors were outraged by evidence that Philip Morris had employed fraud, negligence and misrepresentation in selling cigarettes it knew
 
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