On Jun 14, we retained our Neutral recommendation on Philip Morris International (PM – Analyst Report) as the company delivered soft results in the first quarter of fiscal 2013. Read more
A federal appeals court on Friday upheld a ruling prohibiting tobacco company Philip Morris USA from making misleading statements or implying health benefits about its products, the Wall Street Journal reports.
In 2006, U.S. District Court Judge Gladys Kessler ruled that Philip Morris, R.J. Reynolds Tobacco and Lorillard Tobacco violated federal racketeering laws by deceiving the public about the risk of smoking cigarettes. Ream more »
Susie Coleman, who was at the store Monday morning, said new management wasn’t concerned about the previous news coming from the Hudson Crossing shopping center at S.E. 17th and Adams, where the store is located, in recent months.
“We’re trying to stay away from the negativity,” Coleman said.
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Leading tobacco manufacturer Philip Morris International (PMI) has issued full legal proceedings against the Australian government, following its approval of legislation that will ban logos and other distinctive branding from tobacco products sold in the country.
As NewLegal Review reported in July, PMI had already signalled its intention to launch full proceedings if the long-planned legislation were passed. In the corporation’s view, any move by Australia towards statutory enforcement of plain tobacco packaging would violate its bilateral treaty with Hong Kong, Ream more »
The case pits smokers against tobacco giant Philip Morris. Damages could amount to $700 million, and anyone in Missouri who smoked Marlboro Light cigarettes will be eligible for thousands of dollars.
It’s taken 11 years for the case to get a jury. They’re deciding if Philip Morris should pay up for deceiving smokers. Ream more »
Last week, the board of directors of tobacco giant Philip Morris International (NYSE:PM) approved a 20.3% increase in its quarterly dividend to 77 cents per share. This was the fourth consecutive annual dividend increase for the company since it was spun off from Altria Group (NYSE:MO) in 2008.
In a previous article, I outlined a few reasons why I am buying Philip Morris International now. The company is well positioned to capitalize on its strong brand in emerging economies, Ream more »
The data comes from longitudinal studies conducted by the University of Stirling’s Centre for Tobacco Control Research into the effects on teenagers of how cigarettes are packaged and displayed. The work is funded by Cancer Research UK, which set up the centre in 1999 to look into why children start smoking.
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Philip Morris International has tried to force the University of Stirling to hand over secret data into teenage smoking and cigarette packaging gathered over more than a decade.
The manufacturers behind the popular Marlboro brand, have used Freedom of Information laws to gain access about 6000 confidential interviews undertaken with teenagers as young as 13, which discuss their views on smoking and tobacco. Ream more »
While on a trip into the bush, she awoke early one morning to the sound of a sales pitch coming over what sounded like a public address system.
Unzipping her tent, she watched dumbfounded, as a Marlboro Adventure Team 4×4 rolled through the literal middle of nowhere as company representatives distributed free samples across territory that had not yet been annexed by the ruling party of Marlboro Country.
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A standing-room-only crowd in the gallery — and more than two dozen jurors and alternates spilling from the jury box — packed a courtroom here Monday to hear opening statements in a trial that pits regional and local medical providers against Big Tobacco.
Everything about the case is large: Ream more »