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Stock Market & Financial Investment News

News Breaks
April 17, 2014
07:05 EDTPMPhilip Morris says FY14 EPS outlook increased due to forex impact
The company said “Our first-quarter results were in line with our expectations, given the known challenges we face in Asia and inventory distortions. While currencies remain volatile, we have recently witnessed an improvement in their unfavorable impact on our business, and accordingly, together with the restructuring charge, we are increasing our 2014 full-year reported diluted earnings per share guidance by 7c. Based on our expectation of robust pricing, market share growth momentum and early signs that the operating environment is improving in Europe, combined with our continued investments for the long-term, we remain confident in our constant-currency adjusted diluted EPS growth rate of 6%-8% for this year."
News For PM From The Last 14 Days
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December 19, 2014
07:25 EDTPMPhilip Morris weakness overdone, says Wells Fargo
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December 10, 2014
09:53 EDTPMPhilip Morris says Chairman Louis Camilleri to retire on December 31
The company announces that Louis C. Camilleri, Chairman of the Board, will retire from employment with the company on December 31, 2014. Thereafter, Mr. Camilleri will serve as a non-employee Chairman of the Board. In this capacity, Camilleri will continue unchanged his role of facilitating communication between the Board of Directors and management, assisting the CEO in matters of long-term business strategy, and presiding at Shareholder and Board meetings. Thus, Camilleri’s retirement will not affect his leadership role as Chairman of the Board, and it will preserve his earned pension benefits at present levels which would otherwise be reduced under the company’s pension formula.
December 8, 2014
10:00 EDTPMOn The Fly: Analyst Downgrade Summary
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08:10 EDTPMPhilip Morris downgraded to Reduce from Neutral at Nomura
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