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Stock Market & Financial Investment News

News Breaks
February 19, 2013
07:00 EDTPMPhilip Morris comments on New Zealand's Standardized Packaging announcement
Philip Morris issued the following statement regarding the New Zealand government's announcement that it will wait to implement standardized or "plain" packaging for tobacco products until the international legal challenges pending regarding Australia's law are decided: "In her official statement earlier today announcing New Zealand's plans regarding standardized packaging, Health Minister Tariana Turia said, 'the Government will wait and see what happens with Australia's legal cases, making it a possibility that if necessary, enactment of New Zealand legislation and/or regulations could be delayed pending those outcomes.'
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July 29, 2015
14:14 EDTPMBAT sees 'plain packaging' legal hearing in December, Reuters says
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July 28, 2015
14:09 EDTPMAltria, Philip Morris could be ripe for recombination, Bloomberg says
The justification for splitting Altria (MO) and Philip Morris (PM) roughly seven years ago "no longer exists" and it may be time to look at a combination, reports Bloomberg Real M&A, noting that the two companies lag behind Reynolds American (RAI) after its recent acquisition of Lorillard. The report notes that the firms have already partnered on product developments in recent months, though a Philip Morris spokesperson told Bloomberg that "many of the reasons articulated by the board at the time of the spinoff are still relevant today." Reference Link
13:17 EDTPMEarnings Watch: Analysts bullish on Altria, seen as 'top pick' by Cowen
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