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Philip Morris International Inc

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  • LONDON, Feb 27- Electronic cigarette firms in Italy say a new levy that doubles the price of e-liquid refills unfairly helps tobacco giants like Philip Morris International and will hurt their industry. The controversy centres on the fact that the lower rate is applied to both electronic cigarettes and to tobacco products such as Marlboro HeatSticks, which...

  • LITTLE ROCK, Ark.— The Arkansas Supreme Court says a lawsuit against tobacco giant Philip Morris USA can proceed under class-action status. The lawsuit seeks refunds on every pack of Marlboro Lights sold in Arkansas from 1971 to 2010. The plaintiffs claim Philip Morris, which is part of the Altria Group, deceived smokers about health risks.

  • NEW YORK, Feb 25- Three major U.S. tobacco companies- R.J. Reynolds Tobacco Co, Lorillard Inc and Altria Group's Philip Morris USA- will pay $100 million to settle hundreds of federal lawsuits over smoking, according to an announcement from plaintiffs' lawyers on Wednesday. The agreement will cover more than 400 lawsuits filed in federal court in Florida by smokers...

  • $100M settlement for hundreds in Florida tobacco lawsuits Wednesday, 25 Feb 2015 | 10:52 AM ET

    MIAMI— A $100 million settlement has been reached between three major tobacco companies and hundreds of people who sued them for smoking-related deaths and illnesses in Florida federal court. The tentative agreement announced Wednesday involves R.J. Reynolds Tobacco Co., Philip Morris USA Inc. and Lorillard Tobacco Co. The deal resolves about 400 cases...

  • NEW YORK, Feb 25- Three major U.S. tobacco companies including R.J. Reynolds Tobacco Co, Lorillard Inc and Altria Group's Philip Morris USA will pay $100 million to settle hundreds of federal lawsuits over smoking, according to an announcement from plaintiffs' lawyers on Wednesday. The agreement will cover more than 400 lawsuits filed in federal court in Florida...

  • Marlboro maker Altria's profit more than doubles Friday, 30 Jan 2015 | 12:01 PM ET

    Marlboro maker Altria's profit more than doubled in the fourth quarter on higher cigarette prices and lower costs for paying down debt.

  • LONDON, Jan 22- The British government plans to introduce a law before May forcing tobacco firms to sell cigarettes in plain packets without branding in England, ending years of debate and lobbying. The move, aimed at improving public health and cutting the number of child smokers, is likely to crimp tobacco firms' profits and would emulate Australia, which two...

  • Your age, worth + politics = your stock picks Thursday, 15 Jan 2015 | 9:31 AM ET

    We are what we own. Stock portfolio ownership reveals characteristics about age, wealth and politics

  • While precise figures are not available, the American Red Cross and its U.S. affiliates have received at least $12 million from tobacco companies such as Altria Group, Reynolds American and Philip Morris International since 2001, according to Red Cross tax records and tobacco company press releases and annual reports. An American Red Cross spokeswoman,...

  • Scared? Here are top correction protection plays Tuesday, 6 Jan 2015 | 12:47 PM ET
    Traders on the floor of the New York Stock Exchange.

    These plays should profit if this five-day selloff turns into a full-blown correction.

  • *64 percent of e-cigarette patents come from China. Research by Thomson Reuters shows that China- with over 300 million smokers- is the front runner in the manufacture and development of so-called e-cigarette technology, while new versions being patented include a "pay as you go" computer-assisted device and others that can deliver caffeine instead.

  • UPDATE 1-Marlboro HeatSticks on sale in Milan this week Wednesday, 19 Nov 2014 | 2:03 PM ET

    LONDON, Nov 19- Philip Morris International Inc, the world's largest tobacco company, plans to launch its new iQOS smokeless device and Marlboro HeatSticks in Milan, Italy on Thursday following a better-than-expected launch in Nagoya, Japan earlier this month. The burgeoning market for electronic cigarettes is a key battleground for Big Tobacco players such...

  • *Swedish Match looks to expand snus in U.S. market. But the future for main manufacturer Swedish Match may hinge on efforts to convince U.S. authorities these small pouches, banned on health grounds in the rest of the European Union, are less harmful than most other tobacco products. "It could potentially be an important catalyst," Swedish Match CEO Lars Dahlgren...

  • WASHINGTON, Oct 22- U.S. business and agriculture groups have urged Pacific trading partners not to exclude tobacco from investment protection rules in a new free trade deal under negotiation, warning it would set a bad precedent. The U.S. Chamber of Commerce, American Farm Bureau Federation, National Association of Manufacturers, American Meat Institute and...

  • WASHINGTON, Oct 21- The United States has floated excluding tobacco products from a key section of a 12- nation Pacific trade deal and signaled it may present a formal proposal to trading partners at talks in Australia, sources briefed on the negotiations said. Marlboro maker Philip Morris International is challenging Australia's plain packaging laws, which...

  • Data analytics company Workiva files for IPO Friday, 17 Oct 2014 | 6:11 PM ET

    Morgan Stanley and Credit Suisse are among the major underwriters for the offering, the company said in a regulatory filing on Friday. The company had more than 2,100 enterprise customers as of Sept. 30, including JPMorgan Chase& Co, Philip Morris International, Boeing Co and Wal-Mart Stores Inc. The Ames, Iowa- based company's net loss widened to $28.4 million in...

  • Early movers: GS, DAL, MAT, AXP, NFLX & more Thursday, 16 Oct 2014 | 8:21 AM ET
    A trader works on the floor of the New York Stock Exchange as the Alibaba Group IPO goes public.

    Some of the names on the move ahead of the open.

  • NEW YORK, Oct. 1- Two tiny companies are preparing to challenge some of the world's largest drug makers in the battle for dominance in the $3 billion global market for influenza vaccines, armed with little more than tiny tobacco plants.

  • Sept 24- The Illinois Supreme Court agreed on Wednesday to hear Philip Morris USA's appeal of a $10.1 billion verdict accusing the Altria Group Inc unit of misleading consumers about the risks of smoking "light" cigarettes.

  • Sept 24- The Illinois Supreme Court on Wednesday agreed to hear Philip Morris USA's appeal of a $10.1 billion verdict accusing the Altria Group Inc unit of misleading consumers about the risks of smoking "light" cigarettes.