News: Philip Morris International Inc (PM)

PM on New York Consolidated

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Wed, Feb 25 2015

UPDATE 1-Tobacco companies to settle smoking lawsuits for $100 million

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.

Philippine affiliate of Philip Morris to trim 13 pct of country's workforce

MANILA, Jan 13 - The Philippine affiliate of Philip Morris International Inc said on Tuesday it would cut 640 jobs, or nearly 13 percent of its workforce in the country, as it restructures cigarette manufacturing operations at its Marikina plant in Manila.

Exclusive: American Red Cross pressured to rid itself of tobacco money

New York - The American Red Cross risks damaging the reputation of the global Red Cross brand because of its refusal to stop accepting donations from tobacco companies, a top official with the humanitarian network said.

PHILIPPINES PRESS-Philip Morris unit to invest $50 mln in Mindanao - Star

Philip Morris Fortune Tobacco Corp (PMFTC) plans to invest $50 million to expand its Virginia tobacco leaf production on the southern Philippine island of Mindanao, the Philippine Star quoted PMFTC's president as saying. (http://bit.ly/1wnoEwW)

UPDATE 1-Motor racing-Arrivabene replaces Mattiacci at Ferrari

* New principal joins from Philip Morris (Adds detail, quotes, background)

Marlboro HeatSticks on sale in Milan this week

LONDON - 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.

UPDATE 1-Marlboro HeatSticks on sale in Milan this week

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.

Philip Morris to launch Marlboro HeatSticks system in Milan

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 launch in Nagoya, Japan earlier this month.

Czech Philip Morris reports Q3 revenue up 17.6 pct

PRAGUE, Nov 13 - Czech Philip Morris posted a 17.6-percent rise in third-quarter revenues to 3.8 billion Czech crowns ($171.23 million) on Thursday.

PHILIPPINES PRESS-Philip Morris' Philippine venture to stop exports to 2 countries - Standard Today

Philip Morris Fortune Tobacco Corp (PMFTC) will stop exporting cigarettes to South Korea and Pakistan with the impending implementation of the cigarette tax stamp system in the Philippines, Manila Standard Today newspaper quoted the company president as saying.

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