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Philip Morris International Inc

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  • LONDON, March 18- Developing countries facing potentially pricey legal challenges from big tobacco firms are to get help from a new $4 million fund created by the philanthropists Bill Gates and Michael Bloomberg. Bloomberg and Gates, the billionaire co-founder of Microsoft, cited examples such as Uruguay, which since 2010 has been fighting a legal challenge...

  • LONDON, March 13- The euro's slide towards parity with the dollar will provide a much-needed boost for European companies this year and force U.S. rivals to adapt their businesses or risk losing market share. Other companies predicting a tail wind from the around 20 percent drop in the value of the euro over the past six months to $1.06 on Friday include jet...

  • WASHINGTON, March 11- Law professors from across the United States urged lawmakers to keep rules to protect foreign investors out of trade pacts on Wednesday, warning they would give big companies too much power. United Nations figures show investor-state claims have jumped since 2002, with high-profile cases such as a challenge by tobacco company Philip...

  • LONDON, March 11- Britain's parliament approved legislation on Wednesday to ban branding on cigarette packs, drawing immediate threats of legal action from the country's $29 billion tobacco industry. "We want all children in our country to grow up free from the burden of disease that tobacco brings," Public Health Minister Jane Ellison said in a statement,...

  • Push against investment rules in trade deals picks up Wednesday, 11 Mar 2015 | 1:31 PM ET

    WASHINGTON, March 11- Law professors from around the United States on Wednesday urged lawmakers to keep rules to protect foreign investors out of trade pacts, warning they would give big companies too much power. United Nations figures show investor-state claims jumped since 2002, with high-profile cases such as a challenge by tobacco company Philip...

  • Carlos Slim to retire from Phillip Morris board Wednesday, 11 Mar 2015 | 7:12 AM ET
    Billionaire Carlos Slim speaks during an event announcing an alliance between his philanthropic foundation and the World Wildlife Fund in Mexico City, Mexico.

    Phillip Morris International on Wednesday announced that Carlos Slim will retire from its board of directors in May.

  • 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...

  • 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...

  • 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...

  • Futures point higher; Oil, US data eyed amid Greece Thursday, 5 Feb 2015 | 8:39 AM ET
    Traders work the floor of the New York Stock Exchange.

    U.S. stock index futures signaled a higher open, ahead of key media company earnings and after the ECB put more pressure on Greece's new government.

  • Here's what investors are watching on Wall Street Thursday, 5 Feb 2015 | 7:29 AM ET
    Traders on the floor of the New York Stock Exchange.

    The relative resilience in stocks despite negativity in oil and the euro zone encouraged analysts to expect an upside from any positive news.

  • Investors watch oil swings, reaction on Greece Thursday, 5 Feb 2015 | 5:59 AM ET
    Traders on the floor of the New York Stock Exchange.

    The relative resilience in stocks despite negativity in oil and the euro zone encouraged analysts to expect an upside from any positive news.

  • Stocks close up sharply, boosted by Greece and oil Monday, 2 Feb 2015 | 4:00 PM ET
    Traders work on the floor of the New York Stock Exchange.

    U.S. stocks closed sharply higher on encouraging news from the Eurozone and stronger oil prices.

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

    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
    Businessman looking in mirror

    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...