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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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July 17, 2014
07:07 EDTPMPhilip Morris reports Q2 cigarette shipment volume down 2.7% to 222.8B units
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07:04 EDTPMPhilip Morris says FY14 adjusted EPS growth could be at low end of 6%-8% range
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07:02 EDTPMPhilip Morris backs FY14 reported EPS view $4.87-$4.97
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07:00 EDTPMPhilip Morris reports Q2 adjusted EPS $1.41, consensus $1.24
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July 16, 2014
15:27 EDTPMNotable companies reporting before tomorrow's open
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08:20 EDTPMCigarette makers focus on heavy users, seek growth from e-cigs, WSJ says
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06:38 EDTPME-cigarettes being sold in many flavors, NY Times says
Tobacco companies are offering e-cigarettes with hundreds of different flavors, such as banana cream pie and cotton candy, according to The New York Times. The FDA has banned most flavors in regular cigarettes, and the agency is studying the marketing and flavors of e-cigarettes, the newspaper noted. Publicly traded companies in the space include Altria Group (MO), British American Tobacco (BTI), Lorillard (LO), Philip Morris (PM) and Reynolds American (RAI). Reference Link

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