Philip Morris raises prices, other firms follow suit

Article Abstract:

Philip Morris Cos. is increasing the prices of its cigarettes by 18 US cents (17.2 European cents). The price hike represents the second-largest cigarette increase in history. Philip Morris is the largest maker of cigarettes in the US. Following the company's price hike, other major cigarette makers increased their prices. Discounts are being offered in order to lessen the impact of the price hike.

Comment:

Increasing prices of its cigarettes by 18 US cents (17.2 European cents)

Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
Consumer prices, Cigarettes, Cigarette Manufacturing, Prices and rates, Tobacco industry, Altria Group Inc.

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Barnesandnoble.com posts narrower loss

Article Abstract:

barnesandnoble.com. Inc. posted a lower-than-expected loss for the second-quarter of 1999. The online bookseller reported $22 million (21 million euros) in losses for the period. This was narrowly-lower than expected. During the same period in 1998, barnesandnoble.com posted $23.7 million in losses. The bookseller's sales increased by more than three times from $11.4 million to $39.1 million.

Comment:

Posts lower-than-expected loss for second-quarter of 1999

Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
Sales, profits & dividends, barnesandnoble.com Inc.

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HomeGrocer.com raises funds to expand in U.S

Article Abstract:

HomeGrocer.com Inc. has raised as much as $100 million (94.8 million euros) in new venture financing. The company is working to develop an Internet grocery shopping service that will encompass the US. HomeGrocer operates in Seattle, Portland, and Orange County in California. The company stated it is proposing the use the funds to open up to 20 new markets throughout the US.

Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
Receipt of funds, HomeGrocer.com Inc.

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Subjects list: United States, Finance, Online services, Internet services, Home shopping
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