Word: liggett
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There were also losers, of course. While American Tobacco and Liggett & Myers forged ahead with sizable earnings increases, Lorillard slipped in nine-month earnings despite a third-quarter gain and R. J. Reynolds suffered a 12% setback in profits. Strikes caused a sharp 71% break in Kennecott's profits, and Chrysler sputtered into a 50% decline because of unusually high changeover costs. These were the exceptions, but the good news contained a dividend of hope for them too. The current quarter, which is usually among the year's most profitable for many corporations, is sure to be even...
EVER since he joined Liggett & Myers in 1934, North Carolina-born Milton E. Harrington, 55, has lived intimately with the tobacco leaf, serving as leaf buyer, leaf supervisor, manager of the leaf department and vice president for leaf operations before he was named president in April. Last week Harrington turned over the big leaf; he became L. & M.'s new chief executive, moving into a post vacated by the recent death of Chairman Zach Toms. Liggett & Myers managed to halt a five-year downward drift in sales in 1963 by introducing charcoal-filtered Lark cigarettes, but Harrington must deal...
...stogies sold in 1920 still add up to a record. But good times are here again, thanks to the Surgeon General's report linking cigarette smoking and cancer. So far this year, cigar sales are running 30% above last year. Last week, while R. J. Reynolds, Liggett & Myers and American Tobacco all reported lower first-quarter sales, the report of Consolidated Cigar Corp. came out as rosy as the tip of a well-lit 75-center. Consolidated, the largest of the some 500 U.S. cigar makers (with 25% of all sales), showed an 18.7% hike in sales...
...punch, they are rolling out new pitches and products to keep their main business growing. Philip Morris and P. Lorillard, taking a leaf out of Raleigh's old book, recently have begun backing some of their brands with gift coupons (47,185 Alpine coupons for a mink stole); Liggett & Myers recently brought out its triple-filter Lark brand. Six out of ten U.S. smokers have already switched to filters, and last week Surgeon General Luther L. Terry, pushed to amplify some confusing statements on the subject, said that filters offer "a promising avenue for future development...
...also to cater to the restlessness that is one result of the concern about smoking. Most of the new brands have a consciously antiseptic image-notably the filters (which have now captured 56% of the U.S. market), the lengthy kings (20% of the market), and the menthols (14% ). Liggett & Myers has launched Lark with a "3-piece Keith filter," and Brown & Williamson is test-marketing Breeze filters with menthol and a "touch" of clove. American Tobacco has brought out menthol Montclair; last week Philip Morris started selling nationally its filter menthol Paxton, which comes in a thin plastic "humidor" case...