Word: marlboro
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Look who's talking now. For four decades, tobacco giants Philip Morris (Marlboro) and R.J. Reynolds (Camel) have hotly denied that cigarettes cause illness and have successfully stubbed out every claim for damages brought against them. But the danger of suffocation from mushrooming lawsuits, rising political hostility and shareholder agitation have finally compelled the two companies to discuss a settlement. It was disclosed last week that the tobacco giants had begun complex negotiations with state attorneys general, private lawyers and antismoking advocates...
...cigarettes is inelastic--the companies would just force nicotine junkies to cough up an additional 25 cents a pack, which now averages $1.80. The industry would also scrap its outdoor advertising and remove human and human-like figures from remaining ads, thereby laying to rest the images of the Marlboro Man and Joe Camel...
Liggett, a company with a negative net worth and shrinking business, is the door prosecutors hope to walk through to get at the likes of Philip Morris, the maker of Marlboro, which controls half the tobacco market as the center of a diversified empire. Last year Philip Morris made $6.3 billion worldwide on revenues of $69.2 billion. What excited prosecutors most was the prospect of getting their hands on mountains of documents that Liggett agreed to surrender and that they believe could incriminate all the other cigarette makers. They have already seen a slew of Liggett files, the product...
...tobacco stocks have been smoking lately, you'd think the Surgeon General had just discovered that it's the paper, not what's wrapped inside, that makes cigarettes deadly. In just five months, shares of the nation's biggest tobacco company, Philip Morris (Marlboro), have risen 47% while shares of No. 2, RJR Nabisco (Winston, Camel), have jumped 39%. Sure, the industry just won a slew of important court cases. But that's hardly news. Big Tobacco has been snuffing out liability claims in the courts for decades. What's new is a persistent buzz that some kind of deal...
Throughout the piece, as throughout the concert, the musicians seemed to be having fun. At its best, the Brandenburg Ensemble, historically connected with the Marlboro Festival Orchestra, evoked the sound of that group's best recordings under Pablo Casals...