JURY RULES IN FAVOR OF PHILIP MORRIS USA IN ANTITRUST TRIAL
NASHVILLE - A federal jury here today found that Philip Morris USA acted lawfully when it discontinued a trade program for vending machine operators in 1998. A group of vending machine operators filed the suit against Philip Morris USA after the company ended a merchandising program for vending machine operators, while keeping a promotional and merchandising program for retailers. The plaintiffs claimed this was unfair and led to declining sales. The country's largest cigarette manufacturer, Philip Morris USA is an operating company of Altria Group Inc. "Philip Morris USA designs and implements its trade programs to meet consumers' needs in a highly competitive marketplace," said Denise Keane, Philip Morris USA executive vice-president and general counsel. "The jury decided this case on the evidence, which clearly demonstrated that vending machines do not compete with convenience stores, grocery stores, and other retail outlets, and therefore Philip Morris USA's business decision not to have a trade program for vending machines was lawful."
WARNING LABELS ON SODA?
WASHINGTON, DC , An American consumer group yesterday called for warning labels on soft drinks to alert consumers that too much of the sugary beverages can make people fat and cause other health problems. "People who overindulge in soft drinks are also more likely to develop diabetes and have decaying teeth," the Center for Science in the Public Interest (CSPI) said in a petition to the Food and Drug Administration. The warnings are especially needed to counter the growing number of young people who drink soda, said the center.
USAT ANNOUNCES 100% Q4 INCREASE
MALVERN, PA , USA Technologies this week announced un-audited sales of approximately $1.4 million, or an increase of approximately 100 percent compared with same period last year. The company said it generated approximately $700,000 in revenue in June, exceeding the entire fourth quarter of fiscal 2004. Fourth quarter 2005 revenue also increased approximately 20 percent compared with the 2005 third quarter.
CBORD ACQUIRES DIEBOLD CARD SYSTEMS DIVISION
ITHACA, NY , The CBORD Group, a leading supplier of campus card, housing and foodservice management systems for the college and university market, announced that it has acquired Diebold Card Systems Division (DCSD). DCSD is the business unit of Diebold Inc. (NYSE: DBD) dedicated to campus card and housing management systems for colleges and universities. Officials said the acquisition makes CBORD the dominant provider of cashless systems in the college, industry and healthcare markets, with more than 750 installed cashless systems and more than 100 campus housing systems under current management. The Card Systems Division of Diebold Inc. dates back to 1964, when it introduced its campus ID card products.
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