Sara Lee Net Up on Fee from Tobacco Sale
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Sara Lee Corp. (SLE.N: Quote, Profile, Research) on Tuesday posted a 53 percent increase in quarterly profit, as a fee related to the 1999 sale of a tobacco business helped offset higher costs for meat and cotton.
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NEW YORK  - Raising the price of cigarettes does not appear to deter current smokers from lighting up, research suggests.
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British American Tobacco smoked out a rise in net profits of more than 7.0 percent last year when the company was bolstered by rising sales in Asia and South America, the group said Thursday.
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Convenience usually comes at a price â and that price has been climbing.
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European tobacco stocks were lifted by bid activity on Thursday which helped equity markets nudge higher as investors awaited interest rate decisions from both the European Central Bank and the Bank of England.
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Japan Tobacco Inc. confirmed on Friday it  was in talks to buy smaller rival Gallaher Group Plc L> , in a  7.5 billion pound ($14.7 billion) deal that would extend its  overseas expansion.
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Royal Dutch Shell Plc (RDSa.L) reported  an 11 percent rise in current cost of supply (CCS) net income  to $6.7 billion on Thursday, as higher oil prices and one-off  gains helped to offset a fall in production.
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The M.T.A. approved a plan for fare increases that will raise the price of a monthly fare card by $6 to $76 next year.
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Altria Group Inc.&#39;s Philip Morris USA has started to increase cigarette prices, providing what some analysts consider the first sign of life in the US cigarette market since 2002.
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British American Tobacco, the firm behind the Lucky Strike and Dunhill brands, sold 6% more cigarettes in the first nine months of the year and saw profits rise 20% to Â£1.
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CHICAGO, Jan. 29  â The Sara Lee Corporation said on Monday that it planned to cut nearly 1,700 jobs, or about 3 percent of its work force, in its latest effort to reduce costs.
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TOKYO/LONDON  - Japan Tobacco Inc. said on Friday it had agreed to buy British cigarette maker Gallaher Group Plc for 7.5 billion pounds ($14.7 billion) in cash, the biggest-ever foreign acquisition by a Japanese company.
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Philip Morris USA will invest $200 million in the next three years to upgrade its cigarette plant in Cabarrus County, Gov. Mike Easley announced Tuesday.
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TOKYO/LONDON  - Japan Tobacco Inc.  said on Friday it had agreed to buy British cigarette maker Gallaher Group Plc  for 7.5 billion pounds ($14.7 billion) in cash, the biggest-ever foreign acquisition by a Japanese company.
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Altria Group Inc., the parent of tobacco company Philip Morris, Wednesday raised its regular quarterly dividend to 73 cents from 68 cents.
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Sara Lee Coffee & Tea said Wednesday it was raising its retail coffee prices to keep pace with 14 percent hikes by other major roasters as global bean supply next year shifts from surplus to deficit.
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British American Tobacco Plc, the world&#39;s second-largest cigarette maker, said third-quarter profit gained 60 percent as the acquisition of Italy&#39;s largest tobacco company added to revenue.