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Wysłany: Wto 11:40, 15 Lut 2011
Temat postu: benign."
Analysts polled by Thomson Reuters most recently forecast per-share earnings of 96 cents on revenue of $7.27 billion.
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Gross margin rose to 25.5% from 24.5%. Excluding excise taxes, currencies and acquisitions
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, operating margins rose 0.9 points to 42.6%.
Revenue rose 4.7% to $17.81 billion. Excluding excise taxes, sales rose 4.8% to $7.04 billion, or 5.4% excluding currency fluctuations.
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, While Asia posted strong results in the quarter, the other regional segments were sluggish. Volumes were down 5.4% in the European Union and 6% in Eastern Europe, the Middle East and Africa. Latin America and Canada posted a 2.4% increase. (
www.olymall.com
)
Shares were down 0.7% to $59.13 in recent trading. The company's stock has gained 26% in the past year.
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, Philip Morris reported a fourth-quarter profit of $1.75 billion, or 96 cents a share, up from $1.52 billion, or 80 cents a share
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, a year earlier. (
www.olymall.com
)
-By Melissa Korn, Dow Jones Newswires; 212-416-2271; [url=mailto:melissa.korn@dowjones.com]melissa.korn@dowjones.com[/url]
Currently
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, the state only collects DNA samples for its database from convicted felons. The samples are submitted to state and national forensic laboratories and compared to DNA samples collected at various crime scenes.
Shipments in Japan tumbled 45.8% after an Oct. 1 tax increase
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, and volumes in Pakistan, Greece
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, Romania and Ukraine were also affected by taxes. Meanwhile, volume rose in Mexico as smokers stocked up in anticipation of a steep new excise tax that kicked in earlier this year.
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, Experts say the report falls in line with a fledgling awareness of the dangers of tobacco across the country. But for now
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, deterrents like putting pictorial warnings on cigarette packs—which is working to curb smoking in Latin America—are a long way off. The public-health question for Beijing
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, then, is whether cashing in on tobacco now will bankroll the hospital beds that will have to be bought later.(
www.olymall.com
)
-
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, Drew FitzGerald contributed to this story
But all this puffing is sparking serious public-health questions, and experts are now questioning if short-term profits will soon be outweighed by long-term health costs to the state. The World Lung Foundation (WLF) estimates a million people will die from tobacco-related illness in China this year, a toll that’s expected to double by 2020. So far there’s been little oversight of the industry: the Monopoly is
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, in essence, responsible for tobacco-control efforts. As the WLF’s Dr. Judith Mackay says, it’s been “a bit like putting a fox in charge of a chicken coop.”
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(
www.olymall.com
)
Mustafa Jacobs was connected to the 2009 murder of Shell gas station clerk Jose Morales by DNA evidence gleaned from a discarded
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butt found in the parking lot at the crime scene, according to court documents. Jacobs is currently awaiting trial.
Meanwhile, Philip Morris said it will continue with its aggressive stock repurchase plans
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, a strategy it's been using to keep shareholders happy in the face of earnings pressure. The company bought back 97.1 million shares for $5 billion in 2010 and expects to repurchase another $5 billion in stock this year.
The bill
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, "An Act Requiring the Collection of a DNA Sample from a Person Upon a Felony Arrest
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," would allow law enforcement officials to collect DNA samples from persons accused of certain serious felonies and submit the samples to state and national databases.
By Melissa Korn
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(
www.olymall.com
)
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--Philip Morris International Inc.'s (PM) fourth-quarter profit jumped 15% on strong growth in its Asian markets and price hikes that offset declining volumes elsewhere.
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Smoking All the Profits(
www.olymall.com
)
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, The state General Assembly is considering a bill that would expand law enforcement's access to a valuable investigative tool
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, but critics of the measure say it could also violate Constitutional rights.
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, The Altria Group Inc. (MO) spinoff
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, which sells cigarette brands such as Marlboro and L&M outside the U.S., has relied an increasing amount on emerging markets to fuel growth. Volume surged 24% in Asia in the most recent period, with particular gains in Indonesia
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, the Philippines and Korea. Those strong results helped push worldwide shipments up 3.1%. Volume in developed markets remain weak, though, and a slew of tax hikes are further denting sales.
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, The excise tax activity in 2010 "went beyond any reasonable expectation
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," Chairman and Chief Executive Louis Camilleri said. This year
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, he said taxes "appear to be manageable" and, except for a 50% hike in Mexico, are "benign." (
www.olymall.com
)
Camilleri warned that the company's guidance may prove conservative as January shipments were better than anticipated. Still, the volume impact from Japan's tax increase "remains the single largest question mark." Political upheaval in Tunisia
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, Egypt and other parts of Northern Africa have also disrupted sales.
The bill aims to enhance the current DNA collection program
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, according to state Rep. Ernest Hewett, D-39.
In the past two years, Norwalk Police were able to arrest suspects in two high-profile cases because the DNA collected at a crime scene matched DNA stored in the state databank.
Philip Morris expects a 2011 per-share profit of $4.35 to $4.45, including a benefit from foreign exchange rates. Analysts most recently forecast per-share earnings of $4.38.
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No longer. Along with a team of researchers, Yang Gonghuan
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, the deputy director-general of China’s Center for Disease Control, has published a new report laying out how tobacco is a big drag on the country. Profits from producing cigarettes will fall far short of the eventual health costs of smoking-related illnesses, says Gonghuan. By the report’s estimation, cigarette-industry revenue accounts for some 6.7 percent of Beijing’s income. By contrast, the report states that tobacco “overall poses a loss rather than a benefit to China
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,” and other research puts estimated costs from tobacco at about 25 percent more than the revenue generated by the industry.
"It's one more tool that will help police identify the perpetrators of a crime without the error quotient of having the victim or a witness give a positive identification," said Norwalk Police Sgt. Andre Velez.
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