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Stock Market & Financial Investment News

News Breaks
June 27, 2014
05:42 EDTPMPhilip Morris files papers seeking review of EU tobacco directive
Subsidiaries of Philip Morris filed papers seeking review of the EUís Tobacco Products Directive by the Court of Justice of the European Union. Commenting on the matter, Marc Firestone, Senior Vice President and General Counsel of Philip Morris International, said: "We believe that the EUís Tobacco Products Directive disrupts the balance that the EU treaties establish between the Union and the Member States. The Directive claims to improve the internal market in tobacco products, but its provisions go in the opposite direction. The Directive includes a mix of product bans, mandates, and delegations of authority that raise serious questions under the EU Treaties about consumer choice, the free movement of goods, and competition. There is no disagreement that there should be strict regulation of tobacco products, but measures need to make sense and, above all, honor the EU treaties. We very much hope that this matter is referred to the EUís highest court for a careful, objective review."
News For PM From The Last 14 Days
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October 21, 2014
06:30 EDTPMPhilip Morris implied volatility of 15 at lower end of index mean range
October 16, 2014
07:07 EDTPMPhilip Morris narrows 2014 adjusted EPS growth outlook to 6.5%-7.5%
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07:04 EDTPMPhilip Morris reports adjusted Q3 EPS $1.39, consensus $1.33
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October 15, 2014
15:28 EDTPMNotable companies reporting before tomorrow's open
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October 14, 2014
14:01 EDTPMPhilip Morris October volatility elevated into Q3 and guidance
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