Better economy has smokers buying more Marlboros Marlboro maker Altria Inc. has now seen two straight quarters of upticks in cigarettes sold. Altria said it estimate total industry sales of cigarettes held even with last year. Altria said part of the 3.1 percent increase resulted from retailers' inventory movements, which often come when they stock up ahead of a price increase.
Source: The Associated Press
UPDATE 2-Alcoa earnings hurt by low aluminum prices, higher global surplus seen BENTONVILLE, Ark., July 8- Metals company Alcoa Inc reported a quarterly profit that missed expectations due to plunging primary aluminum prices on Wednesday, but revenues topped estimates on an ongoing drive to reduce reliance on the company's legacy commodity business. During a conference call with analysts, Alcoa raised its global forecast for the global...