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In many ways the company positioned itself as the foe of big tobacco, saying in job postings that it was disrupting one of the worlds largest and oldest industries and driving innovation to eliminate cigarettes. Tobacco companies including Altria have been investing in e-cigarettes as US smoking rates decline, but those products have lost significant market share over the last year as Juuls popularity has surged
Reynolds American, based in Winston-Salem, N.C., said its net income fell to $367 million, or 63 cents per share, for the period ended Sept
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