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Philip Morris International Inc. Q2 2008 Earnings Call Transcript
Philip Morris International Inc. PM Q2 2008 Earnings Call
Tags: Philip Morris USA, Call Transcript, Earnings, Seeking Alpha, Financial Accounting, Finance
Earnings calls 2008-07-23
Philip Morris Second-quarter Profit Rises
CHICAGO (Reuters) - Marlboro cigarette maker Philip Morris International Inc PM on Wednesday posted higher quarterly profit, helped by the weak dollar and an increase in the number of cigarettes shipped. The company, which was spun off from Altria Group Inc ...
Tags: Philip Morris USA, Altria Group Inc.
News items 2008-07-23
Philip Morris Pays Up, Reynolds Withholds Some
Philip Morris Pays Up, Reynolds Withholds SomeStates Win; Individuals LoseMy father, A.A.Carr, died from Hemangio Indio Thelioma cancer of the liver; the pathologist who performed the autopsy said that my father died from smoking poly-chlorinated filter cigarettes. I took this information to our family attorney Charles Everet; grandfather of...
Tags: Philip Morris USA, Reynolds
Discussion threads 2008-04-15
The Power of Paperwork: How Philip Morris Neutralized the Medical Code for Secondhand Smoke
A new medical diagnostic code for secondhand smoke exposure became available in 1994, but as of 2004 it remained an invalid entry on a common medical form. Soon after the code appeared, Philip Morris hired a Washington consultant to influence the governmental process for creating and using medical codes. Tobacco...
Tags: Project HOPE, Philip Morris USA, tobacco, industry
White papers 2005-08-01

Additional Resources

Great Business Teams: What's the Secret?
MT. ARLINGTON, N.J., June 18 /PRNewswire/ -- Johnson & Johnson, L'Oreal, Mars Incorporated, Novartis Oncology, Pfizer, and Philip Morris USA, among others, are named companies with "great business teams" by Howard M. Guttman in Great Business Teams: Cracking the Code for Standout Performance (John Wiley, June 2008). ...
Articles 2008-06-18
Supreme Court Will Review Oregon Smoker's Verdict
RICHMOND, Va. -- The U.S. Supreme Court today agreed to review the Oregon Supreme Court's ruling upholding a 1999 verdict that awarded the family of a deceased individual smoker $79.5 million in punitive damages from Philip Morris USA. "Philip Morris USA is pleased that the Supreme Court has...
Articles 2008-06-09
Philip Morris USA Makes Master Settlement Agreement Payment of Approximately $4 Billion
RICHMOND, Va. -- Today, Philip Morris USA PM USA made its full annual Master Settlement Agreement MSA payment of approximately $4 billion. This amount includes approximately $156 million that PM USA disputes it owes as a result of the 2005 Non-Participating Manufacturer NPM Adjustment. Since 1997, PM USA...
Articles 2008-04-15
Philip Morris USA Files Additional Lawsuits to Stop Importation of Counterfeit Cigarettes
RICHMOND, Va. -- Philip Morris USA PM USA filed two lawsuits in federal court yesterday in Los Angeles, Ca., aimed at stopping the importation, distribution, and sale of counterfeit cigarettes and the unauthorized use of PM USA's trademarks. The suits arise from two seizures by the U.S. Bureau...
Articles 2008-04-09
Federal Appellate Court Reverses Nationwide "Lights" Class
NEW YORK -- The U.S. Circuit Court of Appeals for the Second Circuit today reversed the certification of a nationwide class action of "lights" smokers. "Philip Morris USA is pleased with today's decision and believes the court came to the right conclusion in light of the overwhelming precedent...
Articles 2008-04-03
Philip Morris USA Takes Action Against Internet-Based Cigarette Vendors
Federal Trade Complaint Aims to Stop Trademark Infringement and Illegal Importation of Cigarettes RICHMOND, Va. -- Philip Morris USA PM USA has filed a complaint with the International Trade Commission ITC to stop illegally imported gray market cigarettes bearing PM USA's trademarks, including the Marlboro[R] mark, from entering...
Articles 2008-03-05
Philip Morris USA Files Lawsuits to Stop Importation of Counterfeit Cigarettes
RICHMOND, Va. -- Philip Morris USA filed a lawsuit in federal court yesterday in the Central District of California against Nice Pak Products, Inc. of Orangeburg, N.Y. The lawsuit is aimed at stopping the importation, distribution, and sale of counterfeit cigarettes and the unauthorized use of Philip Morris USA's trademarks....
Articles 2008-02-29
Previous rulings on punitive damages
Latest Supreme Court decisions curtailing punitive damages awards: Philip Morris USA v. Williams (2007) -- The court threw out a $79.5 million award to a smoker's widow, saying jurors were not properly limited in their consideration of harm caused to people who were not part of the lawsuit....
Articles 2008-02-26
Legal Opinions - Maryland Court of Special Appeals: February 19,
Contracts Interpretation of Master Settlement Agreement BOTTOM LINE: Under 1998 Master Settlement Agreement between the State of Maryland and participating tobacco manufacturers, the issue of whether the State was "diligent" in its enforcement of Maryland's escrow statute against non-participating manufacturers NPMs is an issue...
Articles 2008-02-19
Legal Opinions - Maryland Court of Special Appeals: February 19,
Contracts Interpretation of Master Settlement Agreement BOTTOM LINE: Under 1998 Master Settlement Agreement between the State of Maryland and participating tobacco manufacturers, the issue of whether the State was "diligent" in its enforcement of Maryland's escrow statute against non-participating manufacturers NPMs is an issue...
Articles 2008-02-19
Corporate Accountability International: Big Tobaccos Split a Mixed Bag for Global Health
To: NATIONAL EDITORS Contact: Nick Guroff of Corporate Accountability International,+1-617-695-2525 Philip Morris/Altria to Announce Timing of Spin-off Today BOSTON, Jan. 30 /PRNewswire-USNewswire/ -- Today, the worldslargest and most profitable transnational is expected to announcethe timing of its split into the Swiss-based Philip MorrisInternational and U.S.-based Altria (parent corporation to...
Articles 2008-01-30
Philip Morris USA Files Lawsuits to Stop Importation of Counterfeit Cigarettes
RICHMOND, Va. -- Philip Morris USA filed two lawsuits in federal court yesterday in the Eastern District of New York against importers, C.H. Rhodes of Flushing, N.Y., and U.S. Sun Star Trading Inc. of Brooklyn, N.Y. The lawsuits are aimed at stopping the importation, distribution, and sale of counterfeit cigarettes...
Articles 2008-01-08
Lorillard, Philip Morris to duke it out in U.S. District Court in
Lorillard Tobacco Co. is denying that the use of the letter "M" to promote its Newport cigarettes cashes in on Philip Morris USA's iconic Marlboro brand. Philip Morris USA, the nation's No. 1 tobacco company, filed suit in October in U.S. District Court in Richmond, Va., seeking to block Lorillard...
Articles 2007-12-06
Philip Morris USA Confirms Receipt of $1.2 Billion in Escrow Funds Related to the Engle Class Action in Florida
NEW YORK -- Regulatory News: Philip Morris USA PM USA, the U.S. tobacco subsidiary of Altria Group, Inc. (NYSE: MO) confirmed today that it received $1.2 billion in funds held in an escrow account under the bond stipulation in the Engle smoking and health class action in Florida....
Articles 2007-12-03
The Cigarette Century: The Rise, Fall, and Deadly Persistence of the Product That Defined America.(Book review)
Allan M. Brandt Basic Books www. basicbooks, com 600 pp., $36 [ILLUSTRATION OMITTED] Allan Brandt wears a lot of different hats. He is a medical doctor and a professor of medical history at Harvard, and he served as an expert...
Articles 2007-12-01
Area cigar firm fetches $2.9 billion
John Middleton Inc., which began as a Center City tobacco shop in 1856, was acquired yesterday for $2.9 billion in cash, providing a rich payday for one of the owners of the Phillies. The buyer - which is paying 16 times Middleton's projected earnings for 2007 - is Altria Group...
Articles 2007-11-02
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