Philip Morris Profit Higher

Cigarette maker Philip Morris International Inc. said Thursday its second-quarter net income fell 4 percent, despite higher prices, as the company sold fewer cigarettes. The seller of Marlboro and other cigarette brands overseas said changes in currency values hurt profit in the April-June quarter, and cut its earnings guidance for the year because of the stronger dollar.

Tobacco Key Factor on Greek Industrial Production

Greek manufacturing shrunk in April and economic growth declined in the first quarter, following a cut in government spending, higher taxes on Kiss,Eva, Karelia, and other smoking brands and a significant decline in investments and consumption in the country.