Philip Morris USA, Reynolds Raise Cigarette Prices

(Bloomberg) Altria Group Inc. and Reynolds American Inc., the largest U.S. tobacco companies, raised cigarette prices by 8 cents a pack after their top-selling brands gained market share.
The price increase to distributors covers all brands, including Marlboro, produced by Altria’s Philip Morris USA starting with Dec. 6 shipments, David Sutton, a spokesman for Richmond, Virginia-based Altria, said in an e-mail. The increase on Camel and other R.J. Reynolds Tobacco Co. brands is effective Dec. 7, said Jane Seccombe, a Reynolds American spokeswoman. Continued