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Profits plunge: Philip Morris Cos. said Tuesday its earnings fell 25 percent in the latest quarter, blaming a tobacco price war, and warned that business would worsen in the fourth quarter. Philip Morris said it earned $971 million, or $1.11 a share, in the third quarter, down sharply from $1.3 billion, or $1.44 a share, a year earlier. Wall Street drove Philip Morris shares down $1.25 to $52.62 on the New York Stock Exchange. Sales rose slightly to $15.2 billion from $15.0 billion.
