Two of the country's largest tobacco companies are discussing a corporate marriage as a way of shoring up defenses against stiff competition in a shrinking marketplace.
The Wall Street Journal says R.J. Reynolds Tobacco Holdings and Brown and Williamson have held discussions to merge their U.S. tobacco operations.
The report notes both firms have been hurt by fierce pricing competition from deep-discount brands and an aggressive marketing push from Marlboro maker Philip Morris.
The share of Americans who smoke decreased from 24.7 percent in 1997 to 23.3 percent in 2000.
http://www.cbsnews.com/stories/2003/07/09/national/main562358.shtmlWhy are they the only ones allowed to sell drugs without a prescription?