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Philip Morris entered the US cigarette market in 1902, although the company was actually established in London by the eponymous tobacconist in the mid-19 th century

The Family Smoking Prevention and Tobacco Control Act of 2009 provides the FDA with regulatory control over tobacco and the ability to reduce nicotine levels

Uruguay, with a population of less than 3.5 million and an annual gross domestic product of about $50 billion, seems a poor match for the tobacco giant, which had sales of $77 billion in 2011

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Prices of everyday and premium brands, the two more expensive market partitions, had increased more than the prices of budget and super-value brands