Search

The article discusses the U.S cigarette industry as of December 15, 1957. The author focuses on cigarette sales and filter cigarettes, cigarette manufacturer R. J. Reynolds Tobacco Co., its Vice Chairman Ed Darr, and cigarette brand Camel. Also mentioned is cigarette manufacturer P. Lorillard Co., its president Lewis Gruber, and cigarette brands Kent and Old Golds. Further discussed are cigarette producers American Tobacco, Liggett & Myers Tobacco Co., and Philip Morris.

The article discusses the state of the U.S. tobacco industry as of January 1, 1955. Reports that cigarette smoking causes cancer led to a decline in standard cigarette sales and a shift to king sized cigarettes and filters. Other issues that affected cigarette sales are pricing and mass outlets. The top three manufacturers in terms of assets are American Tobacco, R.J. Reynolds and Liggett & Myers. Topics on management, relations with labor and the public and community are also discussed.

The article discusses the marketing approach and challenges faced by U.S. cigarette company R.J. Reynolds Tobacco. Due to the all-out marketing campaign of the company which included a visit to the Camel factory by Northerners, unit sales in the last ten years to 1952 have risen 128%. Reynolds chairman James A. Gray leads the financial strategy of the company. The author describes issues faced by Reynolds in terms of unions and Winston-Salem.

The article presents the Big Tobacco companies, American Tobacco (AT) and R.J. Reynolds Tobacco Co. as of 1952. It offers an overview of the performance of AT under the leadership of AT President George Washington Hill from 1925 to 1946. It compares the financial performance of brands Lucky Strike from AT and Camel from R.J. Reynold and contrasts the companies in terms of management philosophy, manufacturing and advertising.

The article presents the author's opinion on the processes that take place on the U.S. stock exchanges as of March 1, 1959, with attention paid to the stock market index Dow Jones Industrial Average, a potential strike of the steel workers scheduled for July 1, 1959, and forecasts concerning corporate pre-tax profits. The author recommends stocks of steel company Copperweld Steel, tobacco company R. J. Reynolds Tobacco, and transportation company Consolidated Freightways.

The author discusses U.S. stock markets as of August 15, 1957. He is critical of the expectations that the market experiences constant ups and downs, and comments on individual stocks. The author provides figures of earnings per share of companies including wholesaler Gamble-Skogmo, machinery manufacturer Caterpillar Tractor, and stainless steel producer Allegheny Ludlum. Special attention is paid to U.S. tobacco industry companies such as American Tobacco and R. J. Reynolds Tobacco.

The article the benefits of investing in income stocks rather than speculating in growth stocks. The author describes the return on investment of stocks that provide steady growth, consistent earnings per share, and consistent dividends. He recommends investing in companies including the Chesapeake & Ohio Railway, airplane manufacturer Curtiss-Wright Corp., and Reynolds Tobacco. A table of income stocks with their earnings per share and dividends is also presented.

The article discusses and evaluates a short-time marketing campaign and merchandising effort by the R.J. Reynolds Tobacco Company to market its new humidor cigarette pack for Camel brand cigarettes. The business strategy of the company to take such a huge risk with a known product during economic depression is highlighted.

The article discusses the market performances of several leading U.S. business groups as of November 1953. Big five rubber companies accelerated more than twice as fast the average, says the article. American Tobacco and R.J. Reynolds led the cigarets groups of out lethargy. General Electrict and Westinghouse are the blue chips big gainers.

The article discusses the connection between tobacco use and mental clarity. Targacept, a company that comes from R.J. Reynolds Tobacco's research division, is developing medication to improve cognition in Alzheimer's patients. The pill is designed to bind to the same nervous system regulators that react to nicotine. The author compares Targacept's pill to approved Alzheimer's drugs.

Big Tobacco sidled up to the states to craft their $200 billion legal settlement. Now a scathing court ruling opens up the industry to a new threat: antitrust. For years Big Tobacco has struggled to elude the ever-present threat of smokers' lawsuits alleging that cigarette makers covered up the health risks of an addictive product that kills 440,000 people every year. Now four tobacco titans face a new and perhaps more lethal threat: antitrust litigation. The new risk grows out of a federal lawsuit filed by two tiny tobacco importers challenging the sweeping settlement that the four biggest makers--Altria, R.J. Reynolds, Brown & Williamson and Lorillard--signed with the nation's state attorneys general in 1998. So, many states passed laws requiring tobacco upstarts to pay the states fees equivalent to--or, after taxes, even more than--what Big Tobacco pays in the settlement.

This article focuses at how tobacco company R.J. Reynolds Tobacco Co. is hoping that a redesign of traditional cigarette packs will help differentiate the fading Winston brand. A year after the tobacco giants' $206 billion settlement agreement with the state attorneys general in 1998, a group of 20 frustrated brand developers and strategists huddled in a conference room at R.J. Reynolds Tobacco's headquarters in Winston-Salem, North Carolina. Three years and at least $200 million later-an analyst's guess, the number two tobacco giant is introducing a curved, crushproof plastic flask in limited national distribution this month.

The article focuses on the competition in between R.J. Reynolds Tobacco Co. and Rothmans International PLC for cigarette market share in Yemen. Rothmans has long had an effective monopoly on the sale of cigarettes and tobacco in Yemen. Reynolds gained a toehold in Yemen, signing a contract to supply the state tobacco company with up to 3,000 tons of a year of raw leaf at a price 11% below Rothman's. R.J. Reynolds also planned to start producing its own cigarettes there to compete with Rothmans' brands. Rothmans' two representatives on the board of the state tobacco company engineered the ouster of its chairman, and his successor then suspended the contract.

The article presents information about American Brands Inc. The peewee of the big three in tobacco has a mere $7 billion revenues, compared with R.J. Reynolds Tobacco Co.'s $13 billion and Philip Morris Cos. Inc.'s $14 billion. But in the dangerous art of diversifying there are measures of success more important than size. Look at the non-tobacco figures. American Brands' operating margin there is 10.9%, Reynolds' 7.8%, Philip Morris' just 4.6%. At American Brands there are life insurance, Pinkerton detectives, and office shredding machines.

The article discusses several business-related issues in the U.S. as of October 10, 1983. Topics include investing in tobacco company R.J. Reynolds Industries, the effect of the tough competition between beverage companies PepsiCo. and Coca-Cola on other companies such as Royal Crown Cos. and Dr Pepper Co., and the increase in stocks of Allegheny Beverage Corp. in Baltimore, Maryland.

The article looks at the performance of the U.S. tobacco industry in 1980. Topics discussed include the declining trend in the growth in the total U.S. consumption of cigarettes, a five-year average return of more than 20 percent, spending for the capital improvements and expansion of the cigarette operation of R.J. Reynolds and Philip Morris increasing its domestic market share. Also provided is a list showing the management performance of companies in terms of profitability and growth.

The article features Bowman Gray, chairman of R.J. Reynolds Tobacco Co. He says they have been working hard at diversification for eight years as of June 1966, while the company tried to stage a merger with pharmaceutical company Warner-Lambert back in 1957, that eventually fell through. It also mentions that Gray started with Reynolds fresh out of the University of North Carolina in 1930.

The article presents the author's comments on stocks of various companies in 1961, which have been discussed in the same column of previous issues. They are Suburban Gas & Electric Co., Avco Corp., Mesabi Iron, R.J. Reynolds Tobacco Co., Gillette, ABC Vending, Walgreen Co., and AT&T. The author states that Avco is fairly valued, while the market performance of ABC Vending is pleasing.

The article explores the state of tobacco companies in 1955. In the five years leading to 1955, R.J. Reynolds saw growth of only 21.1 percent, which is less than half of that seen by the 100 yardstick companies. The public's greater focus on their health significantly affected the business of cigarette makers in 1954, which put the industry's sales at 5 percent below that of 1953. The author shares that despite these, there are chances of a bright 1955 for cigarette producers.

The article announces executive appointments as of June 1931, including Samuel Clay Williams as president of R.J. Reynolds Tobacco Co., Edward L. Forstner as president of David Lupton's Sons Co. and Edward R. Stettinius as vide president of General Motors Corp.

This article discusses a meeting between members of the Pennsylvania Association of the Attorney General and tobacco executives from Philip Morris, Brown and Williamson, Lorillard, and R.J. Reynolds. The 1998 settlement of tobacco litigation called for the big tobacco companies to hand over 40 cents a pack to state treasuries to create programs of public interest. This meeting between executives was in effort to plot against smaller tobacco companies who did not fall under that rule of payment.

This article highlights various companies trying to improve brand sales by redesigning the product or the product's packaging. Some of them are as follows: R.J. Reynolds Tobacco Co.; Listerine and Starkist Foods Inc.

This article focuses on the U.S. tobacco stocks with emphasis on R.J. Reynolds Tobacco's stock value. Reynolds, itself once a multi-headed beast that owned Nabisco, whittled down the enormous debt from its celebrated 1989 leveraged buyout by divesting divisions, Nabisco's exit sliced away $4 billion in debt. Now Reynolds' debt-to-capital is 20%, versus Philip Morris' 68%. At $53, Reynolds trades at an affordable 12 times earnings, the same as Philip Morris, though Reynolds sports a higher yield, 5.6% versus 4.7%

Focuses on the marketing and manufacturing of tobacco products in the United States. Impact of a Florida legislative decision against the tobacco industry; Price of stocks for such companies as Philip Morris and R.J. Reynolds; Correlation between tobacco revenue and that of department stores like Loews and Nordstrom.

The article discusses the growth of the foreign cigarette market, as of 1978, and its implications for the U.S. cigarette industry. Topics include gains in foreign operating income of several U.S. companies, including Philip Morris, R. J. Reynolds, and American Brands, the major cigarette companies in the foreign market, such as British American Tobacco and Rothmans International, and the foreign market trends, such as the market competition in Brazil.

This article presents information on the effects of the takeovers on the interests of the stockholders and existing bondholders with reference to R.J. Reynolds Tobacco Co. In June the company announced the acquisition of Nabisco, and Nabisco stock, which had been selling in the 60s, rushed up to over 80. Reynolds is acquiring the food company for $4.9 billion, half cash, half in 12-year notes and preferred stock. Its 13.35s of 2012 were downgraded by Moody's on June 21, only weeks after the tender offer, to Al from Aal. S&P's rating went from AA to A. Investors did their own downgrading without waiting for Moody's and S&P's. Before the June 3 acquisition announcement, Reynolds 13.35s were trading to yield 105 basis points, or 1.05%. That was the normal spread for bonds of that rating and coupon at the time.

The article focuses on the management performance of tobacco companies in the U.S. in 1984 based on their growth and profitability. It mentions the higher percentage of profits posted by diversified firms R.J. Reynolds, Philip Morris and American Brands than sales from their tobacco operations, a 32.5% return on equity posted by Dibrell Brothers which processes leaf tobacco and the emergence of Loews as the top 4 in the "Forbes" magazine's 1984 yardsticks of management performance ranking.

The article presents information on a recent advertising campaign by R.J. Reynolds Tobacco Co. and its chairman, Edward A. Horrigan, aiming at casting doubt on the assertion that smoking causes certain diseases. Despite repeated findings by U.S. health authorities that smoking is dangerous, a "causal relationship," Reynolds goes on to say, remains unproved. As total cigarette consumption kept declining, smokers last year lit up fewer Winstons, Reynolds' best sellers, than they did in 1982, according to John C. Maxwell, an analyst with Lehman Brothers Kuhn Loeb Inc.

The article focuses on issues related to hedging of the American dollar. After about a 25% drop in U.S. export sales in the last two years, General Motors Corp. now plans to start guaranteeing exchange rates in selected countries for up to 15 days for foreign dealers. To minimize currency translation and transaction risk, tobacco giant R.J. Reynolds Tobacco Co. spent hundreds of thousands of dollars in late 1982 setting up a company-wide global currency trading headquarters in Geneva to monitor and offset its exposures through hedging and inter-company borrowing.

The article discusses the efforts of cigarette companies Philip Morris (PM) and R. J. Reynolds to argue before U.S. state revenue commissions and legislative committees about whether cigarettes should be taxed in increments of 1 or 10. Information on Reynolds' tax accounting of its Century cigarette brand is presented. PM has hired lawyer Keith Brooks to fight to retain the system of collecting cigarette taxes in Ohio.

The article presents Edward A. Horrigan Jr. and his management of R.J. Reynolds Tobacco Co. as of July 1980, focusing on his decision to discontinue the production of a cigarette brand offered by the company and his plans for the introduction of new brands.

The article discusses developments in the operation of cigarette firm R.J. Reynolds Tobacco Co. as of early September 1964. It claims that the company posted a 5% drop in sales in the first half of the year to 768 million dollars compared to the same period in 1963, the first time for the firm to register a decline since 1954. The opinions of company chairman Bowman Gray and president Alexander Galloway on their operation are also cited.

The article discusses developments in the tobacco industry as of February 1962. It focuses on the operation of rival firms American Tobacco Co. and RJ Reynolds. According to American Tobacco president Paul M. Hahn, the company posed increases in both sales and earnings. The performances of other industry players like Liggett & Myers, P. Lorillard & Co., and Brown & Williamson are also examined.

A letter to the editor is presented in response to the article "The Remarkable Prosperity of R.J. Reynolds" in the June 15, 1961 issue.

The article looks at Gray Bowman, chairman and president of R.J. Reynolds Tobacco Company as of November 1, 1959. Particular focus is given to the leading position of the company in the cigarette market, its competitors' products including Ligget & Myers' Duke cigarettes as well as Brown & Williamson's Life cigarettes and Belair cigarettes. Reynolds' cigarettes brand Salem and tobacco company American Tobacco are also addressed.

The article describes the dominance of R.J. Reynolds in the U.S. tobacco market in 1958. The company, which was known for producing Camel cigarettes, made earnings worth 17 million dollars in the 1st quarter of 1958, which was higher than the earnings of competitor American Tobacco at 12.4 million dollars. Reynolds also produces Winston filter and Salem mentholated cigarettes, which competed against American Tobacco brands like Lucky Strike, Pall Mall, and Hit Parade.

The article discusses the U.S. tobacco and cigarette industries as of March 15, 1958. Particular focus is given to the financial performance of tobacco company R. J. Reynolds during 1957. A chart showing 1957 sales, earnings gains and profitability figures of cigarette companies including American Tobacco, Philip Morris and P. Lorillard is presented.

The article looks at the financial performance of cigarette company R. J. Reynolds as of November 15, 1956 with a focus on the sales of its “Camel”, “Winston” and “Cavalier” cigarette brands.

The article reports on the developments in the tobacco industry in the U.S. as of mid-April 1954, particularly the move by Liggett & Myers (L&M) to reduce its prices in order to compete with R. J. Reynolds, which reduced its price on Winston king-size filter cigarettes in March 1954.

The author conveys his thoughts on the business conditions of several industries in the U.S. as of March 1938. The author mentioned the drop in cash at R.J. Reynolds Tobacco Co. since 1934 from 34.1 to 3.5 million. He also said that many commodity prices have weakened that will affect firms having burdensome inventories. The author noted that the announcement by automotive firm, General Motors Co., on developments in the diesel-engine field will bear study.

The back cover page of the business journal “Forbes” is presented.

This section offers business-related news briefs as of February 19, 1923, including a 4.2% increase in department store sales in New York in 1922, the purchase by R. J. Reynolds Tobacco Co. of the entire holdings of the Kentucky Burley Selling Association, and a survey which found that 40% of farmers in the country are buying their food supplies.

A letter to the editor is presented thanking "Forbes" magazine for its Sixth Annual Report on the U.S. cigarettes industry.

A letter to the editor is presented criticizing "Forbes" magazine for its unfair treatment of the R.J. Reynolds Tobacco Co. in its Sixth Annual Report.

The article discusses the separate annual reports of cigarette companies Liggett & Myers (LM) and R.J. Reynolds (RJR) for the year 1952. RJR has reported 89-million dollars of pretax profit on cigarettes, which represents a three million dollars increase over the profit in 1951. On the other hand, LM has revealed a decline in its pretax profit from 64-cents per 1,000 gaspers in 1951 to 57-cents in 1952.