International Business News - ITY http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Imperial Tobacco Group PLC said Thursday that it plans to slash its work force by around 6 percent as part of its restructuring plans after its recent takeover of Spanish rival Altadis SA. http://www.ibtimes.com/articles/20080619/imperial-tobacco-sheds-6-pct-of-staff.htm Thu, 19 Jun 2008 13:07:35 EDT Among the earnings stories for Tuesday, May 20, from AP Financial News: NEW YORK (AP) -- Saks Inc., the operator of luxury chain Saks Fifth Avenue, reported Tuesday a 66 percent increase in first-quarter earnings compared with weak year-ago results. It said increased discounting hurt profit margins as even wealthy customers were feeling squeezed. http://www.ibtimes.com/articles/20080520/earnings-roundup-saks-imperial-tobacco-group.htm Tue, 20 May 2008 14:57:46 EDT Imperial Tobacco Group PLC plans to raise $9.6 billion by selling shares to its own shareholders at a steep discount to help pay for its recent takeover of Spanish rival Altadis. The disclosure Tuesday came as the company reported a 45 percent drop in its profit for the first half of its fiscal year. http://www.ibtimes.com/articles/20080520/imperial-tobacco-profit-skids-plans-big-stock-issue.htm Tue, 20 May 2008 13:36:07 EDT Imperial Tobacco Group PLC, the world's fourth-largest tobacco company, announced a 4.9 billion pounds (US$9.6 billion euro6.2 billion) rights issues Tuesday to help pay for the takeover of the Spanish company Altadis. http://www.ibtimes.com/articles/20080520/imperial-tobacco-1h-profit-down-45-percent.htm Tue, 20 May 2008 05:38:23 EDT Cigarette maker Philip Morris International Inc., spun off last month by longtime owner Altria Group Inc., reported Wednesday a 29.2 percent rise in profit for the first quarter, beating estimates, and raised its outlook for the year. http://www.ibtimes.com/articles/20080423/philip-morris-intsl-1q-profit-rises-29-pct-tops-estimates.htm Wed, 23 Apr 2008 09:22:46 EDT Autogrill SpA, the Italian operator of restaurants for travelers, on Monday said it bought a U.K.-based duty free business and took full control of a Spanish duty free chain in deals worth more than euro1 billion (US$1.5 billion). http://www.ibtimes.com/articles/20080310/autogrill-expands-airport-presence.htm Mon, 10 Mar 2008 05:41:22 EDT Cuban cigar sales rose 7 percent to $402 million in 2007, the government-run tobacco company Habanos SA said Wednesday. Sales increased despite smoking bans that have made it harder to puff a cigar in many parts of the world, Habanos Vice President Manuel Garcia said. He didn't give a reason for the company's gains. http://www.ibtimes.com/data/articleimgs/30798-cuba-cigar-festival.jpg http://www.ibtimes.com/articles/20080227/cuban-cigar-sales-up-7-percent-in-2007.htm http://www.ibtimes.com/articles/20080227/cuban-cigar-sales-up-7-percent-in-2007.htm Wed, 27 Feb 2008 20:54:19 EST Imperial Tobacco Group PLC, the maker of Davidoff cigarettes, said Tuesday that it is trading in line with market expectations, reporting increased growth in earnings and cigarette sales as well as a gain in market share during the first quarter. http://www.ibtimes.com/articles/20080129/imperial-tobacco-sees-earnings-growth.htm Tue, 29 Jan 2008 05:39:44 EST British-based tobacco giant Imperial Tobacco Group PLC on Tuesday said its cash offer for Altadis SA has been accepted by 93.5 percent of shareholders of the Spanish-French tobacco company, paving the way for the completion of its 12.6 billion euros ($18.26 billion) acquisition. http://www.ibtimes.com/articles/20080122/imperial-says-altadis-offer-accepted.htm Tue, 22 Jan 2008 12:41:09 EST From a humble start decades ago when its founder sold groceries from a rural Kentucky shed, Houchens Industries Inc. has blossomed into a far-flung company with a fondness for dealmaking _ perhaps more than ever since cashing in on the sale of its cigarette subsidiary. http://www.ibtimes.com/articles/20071221/employee-owned-grocer-checks-new-aisles.htm Fri, 21 Dec 2007 13:06:43 EST