Philip Morris News
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Across the river from Belinda Elida Barja’s two-room apartment, the lead and zinc smelters of Doe Run Peru spread smoke and dust in the mountain town of La Oroya.
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Hungary distributed tobacco sale- permits in the city of Szekszard after members of Prime Minister Viktor Orban’s party vetted applicants for political loyalty, the news website HVG.hu said, citing a recording from a meeting.
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Cuba initiated its first dispute at the World Trade Organization, targeting Australia’s plain- packaging requirements for tobacco products.
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Imperial Tobacco Group Plc, Europe’s second-biggest tobacco company, reported the first drop in earnings since it listed on the stock market 17 years ago because of worsening conditions in Europe.
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Altria Group Inc.’s Philip Morris U.S.A. unit falsely marketed its “light” cigarettes as a healthier choice than regular cigarettes and should pay $543.6 million in restitution to California smokers, a lawyer said at the start of a trial.
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Philip Morris International Inc., the world’s largest publicly traded tobacco company, posted first-quarter earnings that fell more than analysts estimated as tax increases and economic weakness hurt shipments.
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Companies from Philip Morris International Inc. to Colgate-Palmolive Co. are finding that overseas expansion has its drawbacks as a stronger dollar makes it more expensive to repatriate profits from abroad.
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The new health regulator in charge of tobacco said the U.S. Food and Drug Administration will begin to take action soon on major decisions from the effects of menthol to the marketability of newer products.
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SABMiller Plc said Alan Clark will succeed Graham Mackay as chief executive officer earlier than planned after the man who led the company to become the world’s second-biggest brewer was diagnosed with a brain tumor.
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U.S. stocks fell, sending the Standard & Poor’s 500 Index to a six-week low, as earnings from UnitedHealth Group Inc. to EBay Inc. disappointed investors.
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