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Tobacco stocks slump after the Q3 report from Philip Morris (PM -2.9%) comes in sluggish....
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Thursday, October 18, 2012, 10:57 AM ETTobacco stocks slump after the Q3 report from Philip Morris (PM -2.9%) comes in sluggish. Despite higher prices, the industry is having trouble keeping demand up as governments start to enact stricter packaging and marketing rules across the globe. Decliners: British American (BTI -0.7%) -0.7%, Lorillard (LO -0.3%) -0.5%, Reynolds American (RAI -0.6%) -0.7%, Altria (MO -1%) -1.1%.
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