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Stock Market & Financial Investment News

News Breaks
June 18, 2014
06:41 EDTJAPAF, BTI, ITYBY, PME.U. regulations aim to track, trace tobacco products, Reuters says
The E.U. is asking tobacco firms Philip Morris (PM) British American Tobacco (BTI), Japan Tobacco (JAPAF) and Imperial Tobacco (ITYBY) to do more to track and trace their products in order to tackle a huge black market and prevent some of the deaths linked to smoking-related diseases, reported Reuters. The legislation takes effect over the next two years, but the large international tobacco companies already use a track and trace system called Codentify and do not want to add an expensive third-party system to their operations. Reference Link
News For PM;BTI;JAPAF;ITYBY From The Last 14 Days
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March 5, 2015
09:08 EDTPMAltria Group reaffirms FY15 adjusted EPS $2.75-$2.80, consensus $2.80
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March 2, 2015
09:06 EDTPMUniversal Corporation announces agreement with Philip Morris
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February 26, 2015
08:59 EDTPMAltria Group backs FY15 adjusted EPS $2.75-$2.80, consensus $2.80
Altria (MO) expects to record a one-time, pre-tax charge against reported earnings in Q1, reflecting the loss on early extinguishment of debt related to the tender offer. The final pre-tax charge will depend upon the pricing and amount of notes purchased in the tender offer. EPS guidance excludes the Charge as well as an approximate 2c per share provision that will be recorded by Philip Morris USA (PM) in Q1.
06:23 EDTBTIBAT plans to sue U.K.'s government if 'plain packaging' approved, WSJ reports
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February 23, 2015
11:55 EDTBTIBAT may buy out Brazilian minority stake for $3B, Bloomberg reports
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