Word: reynoldses
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The battles are bound to be fierce. Says Mark Daugherty, who follows the airline industry for the Dean Witter Reynolds investment firm: "People Express is about to test its pain threshold. Cracking these markets is not going to be easy if American and Delta play rough." During the past several...
A stranger coming upon Tobaccoville, N.C., twelve miles north of Winston-Salem, might not be prepared for the sight. In the foothills of the Blue Ridge Mountains stands a sleek, Bauhaus-style building. This is R.J. Reynolds' new $1 billion plant, which covers some 614 acres and 2 million sq...
"It's our vote of confidence in the tobacco industry," says Donald Nanney, a factory manager of R.J. Reynolds'. Only a few years ago, such a vote would have seemed unnecessary. Economic recessions came and went, prices continually climbed, but Americans always kept buying more and more cigarettes. Today, though...
Recent laws requiring harsher health warnings on cigarette packages, a popular preoccupation with physical fitness and restrictions on smoking in many restaurants and offices do not make business easy for industry executives. It comes as no surprise, then, that tobacco makers are aggressively diversifying. Philip Morris and R.J. Reynolds, which...
The most visible trouble for the industry comes from about 40 product-liability suits in which cigarette manufacturers are charged with causing disease and, in some cases, death. Similar lawsuits have been around since the 1950s, and tobacco firms have always defeated any claims. This week in Santa Barbara County...