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Published on Mar 8, 2025

Philip Morris, BAT agree to $22.67 billion tobacco settlement in Canada

A Canadian court on Friday approved a settlement plan where the subsidiaries of three major tobacco companies, including Philip Morris and British American Tobacco, will pay C$32.5 billion ($22.67 billion). The settlement addresses lawsuits alleging that …

Source: Profit by Pakistan Today - Neutral
Published on Mar 7, 2025

Canada court approves $23 billion settlement to end Big Tobacco lawsuits

(Reuters) -A Canadian court approved a plan to settle long-running tobacco lawsuits in the country as part of which the units of three Big Tobacco companies will pay C$32.5 billion ($22.67 billion), Philip Morris and British American Tobacco said on Friday …

Source: Yahoo Finance - Label Pending

04 days 21:37:50

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Published on March 11, 2025 - 04:50 GMT

Saskatchewan set to Receive Over $700 Million in Canada's Historic Tobacco Settlement

CANADA, March 10 - Released on March 10, 2025 The Government of Saskatchewan is pleased to see a resolution was reached in efforts to recover funds for the provincial healthcare system from tobacco companies that have sold cigarettes in Canada. The Chief …

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Published on March 7, 2025 - 21:23 GMT

Nova Scotia to Recoup Hundreds of Millions from Tobacco Settlement

CANADA, March 7 - Nova Scotia will receive about $809 million from tobacco companies for the impact of smoking on the healthcare system. All provinces and territories joined together to sue for the healthcare costs related to tobacco use. A mediated …

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Published on March 7, 2025 - 07:59 GMT

First illicit tobacco store hit with long-term closure order

Release date: 07/03/25 The Malinauskas Labor Government has hit a northern suburbs retail store caught selling illicit tobacco and vapes with its first long-term closure order. Following an application by Minister Michaels, Thingy Gifts in Salisbury North …

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Published on March 7, 2025 - 01:09 GMT

Premier’s, attorney general’s statements about resolution of tobacco litigation

CANADA, March 6 - Premier David Eby and Attorney General Niki Sharma have issued the following statements about the resolution of a long-standing legal battle with tobacco companies: Premier David Eby said: “After a 28-year fight to hold multinational …

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Published on March 7, 2025 - 00:21 GMT

Canada’s Big Tobacco Settlement Falls Short: Provinces Face a Massive Financial Gap in Covering Tobacco-Related Costs, ...

TORONTO, March 06, 2025 (GLOBE NEWSWIRE) -- The National Lung Health Alliance (NLHA) acknowledges today’s approval of Canada’s $32.5 billion Big Tobacco settlement, but Canada’s most powerful lung health advocacy network warns that the funding is nowhere …

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Published on March 6, 2025 - 23:49 GMT

Premier’s, attorney general’s statements about resolution of tobacco litigation

CANADA, March 6 - Premier David Eby and Attorney General Niki Sharma have issued the following statements about the resolution of a long-standing legal battle with tobacco companies: Premier David Eby said: “After a 28-year fight to hold multinational …

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Published on March 6, 2025 - 23:28 GMT

Premier’s, attorney general’s statements about resolution of tobacco litigation

CANADA, March 6 - Premier David Eby and Attorney General Niki Sharma have issued the following statements about the resolution of a long-standing legal battle with tobacco companies: Premier David Eby said: “After a 28-year fight to hold multinational …

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Published on March 13, 2025 - 02:55 GMT

Statement from Minister of Health and Wellness Mark McLane

CANADA, March 12 - Minister of Health and Wellness Mark McLane issued the following statement on the resolution of tobacco litigation: “I am pleased to announce a resolution in an effort to recover money for our health system from tobacco companies that …

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Published on December 7, 2016 - 17:55 GMT

Philip Morris International (PMI) Declares Regular Quarterly Dividend of $1.04 Per Share

Philip Morris International (PMI) Declares Regular Quarterly Dividend of $1.04 Per Share December 7, 2016

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Published on December 6, 2016 - 14:10 GMT

Massimo Ferragamo Elected to the Board of Directors of Philip Morris International (PMI)

Massimo Ferragamo Elected to the Board of Directors of Philip Morris International (PMI) December 6, 2016

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Published on December 6, 2016 - 09:24 GMT

Philip Morris International (PMI) Announces Filing of Application for Its Electronically Heated Tobacco Product with the ...

LAUSANNE, Switzerland--(BUSINESS WIRE)--Dec. 6, 2016-- Philip Morris International Inc. (“PMI”) (NYSE / Euronext Paris: PM) on Dec. 5 submitted a Modified Risk Tobacco Product (MRTP) application for its electronically heated tobacco product with the U. …

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Published on November 16, 2016 - 15:46 GMT

Philip Morris International Inc. Presents at the Morgan Stanley Global Consumer & Retail Conference; Revises, for ...

Philip Morris International Inc. Presents at the Morgan Stanley Global Consumer & Retail Conference; Revises, for Currency Only, 2016 Full-Year Reported Diluted EPS Forecast November 16, 2016

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Published on October 25, 2016 - 07:22 GMT

Philip Morris International Recognized as Global Leader for Corporate Action on Climate Change for the Third Year ...

LAUSANNE, Switzerland--(BUSINESS WIRE)--Oct. 25, 2016-- Philip Morris International Inc. (“PMI”) (NYSE/Euronext Paris: PM) today is recognized as a global leader in its action on climate change. For the third consecutive year, the company is on the CDP …

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Published on October 18, 2016 - 11:29 GMT

Philip Morris International Inc. (PMI) Reports 2016 Third-Quarter Results; Reaffirms 2016 Full-Year Reported Diluted EPS ...

Philip Morris International Inc. (PMI) Reports 2016 Third-Quarter Results; Reaffirms 2016 Full-Year Reported Diluted EPS Forecast October 18, 2016

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Published on October 14, 2016 - 07:33 GMT

Philip Morris International Recognized as Top Employer in Africa

Now certified as leading employer in 29 countries across the globe LAUSANNE, Switzerland--(BUSINESS WIRE)--Oct. 14, 2016-- Philip Morris International Inc. (PMI) (NYSE/Euronext Paris: PM) today was recognized for the first time as a Top Employer in …

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Published on October 11, 2016 - 14:19 GMT

Philip Morris International Inc. to Host Webcast of 2016 Third-Quarter Results

NEW YORK--(BUSINESS WIRE)--Oct. 11, 2016-- Regulatory News: Philip Morris International Inc. (NYSE/Euronext Paris: PM) will host a live audio webcast at www.pmi.com/webcasts on Tuesday, October 18, 2016, at 9:00 a.m. ET to discuss its 2016 third- …

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Published on September 29, 2016 - 07:15 GMT

Philip Morris International Inc. Hosts Investor Day; Revises for Currency, and Narrows, 2016 Full-Year Reported Diluted ...

NEW YORK--(BUSINESS WIRE)--Sep. 29, 2016-- Regulatory News: Philip Morris International Inc.’s (NYSE/Euronext Paris: PM) senior management reviews the company’s business outlook and long-term growth strategies at a two-day investor meeting starting …

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Published on September 23, 2016 - 14:01 GMT

Philip Morris International Inc. (PMI) Inaugurates Manufacturing Facility in Italy for Potentially Reduced-Risk Products*...

First manufacturing facility for large scale production of heated tobacco products Anticipated investment of approximately EUR 500 million for the facility and pre-existing pilot plant Up to 600 new jobs when fully operational Total initial annual capacity …

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Published on September 22, 2016 - 19:30 GMT

Philip Morris International Inc. to Host Webcast of 2016 Investor Day

Philip Morris International Inc. to Host Webcast of 2016 Investor Day September 22, 2016

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Published on September 16, 2016 - 10:04 GMT

Philip Morris International Welcomes Broad Interest for PMI IMPACT; New Global Initiative to Fight Smuggling and Related ...

LAUSANNE, Switzerland--(BUSINESS WIRE)--Sep. 15, 2016-- Philip Morris International Inc. (PMI) (NYSE/Euronext Paris: PM) announced today that the response to PMI IMPACT, its new global funding initiative for third party projects dedicated to fighting …

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Published on September 14, 2016 - 08:35 GMT

Philip Morris International Inc. Increases Dividend by 2% to an Annualized Rate of $4.16 Per Share

NEW YORK--(BUSINESS WIRE)--Sep. 14, 2016-- Regulatory News: The Board of Directors of Philip Morris International Inc. (NYSE/Euronext Paris: PM) today increased the company’s regular quarterly dividend by 2% to an annualized rate of $4.16 per share. …

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Published on September 6, 2016 - 12:45 GMT

Philip Morris International Releases First “Update” on Their Scientific Research to Develop and Assess Potentially ...

LAUSANNE, Switzerland--(BUSINESS WIRE)--Sep. 6, 2016-- Philip Morris International Inc. (NYSE/Euronext Paris: PM) today releases the first Reduced-Risk Product (RRP) Scientific Update, a regular publication on its research efforts to develop and assess …

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Published on July 19, 2016 - 11:18 GMT

Philip Morris International Inc. (PMI) Reports 2016 Second-Quarter Results; Revises 2016 Full-Year Reported Diluted EPS ...

Reflecting Currency-Neutral Growth of Approximately 10% to 12% vs. 2015 Adjusted Diluted EPS of $4.42 NEW YORK--(BUSINESS WIRE)--Jul. 19, 2016-- Regulatory News: 2016 Second-Quarter Reported diluted earnings per share of $1.15, down by $0.06 or 5.0% versus …

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Published on July 12, 2016 - 13:55 GMT

Philip Morris International Inc. to Host Webcast of 2016 Second-Quarter Results

NEW YORK – July 12, 2016 – Philip Morris International Inc. (NYSE/Euronext Paris: PM) will host a live audio webcast at www.pmi.com/webcasts on Tuesday, July 19, 2016, at 9:00 a.m. ET to discuss its 2016 second-quarter results, which will be issued …

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Published on July 11, 2016 - 02:16 GMT

Philip Morris International Comments on Tribunal’s Decision in Arbitration Between PMI and Uruguay

LAUSANNE, Switzerland--(BUSINESS WIRE)--Jul. 8, 2016-- Philip Morris International Inc. (PMI) (NYSE/Euronext Paris: PM) today comments on the decision of an ICSID tribunal in the arbitration between PMI and Uruguay regarding two regulations that …

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Published on June 8, 2016 - 10:02 GMT

53 billion illegal cigarettes consumed in the European Union last year

New KPMG report for British American Tobacco, Imperial Tobacco, Japan Tobacco International and Philip Morris International finds that governments lose up to EUR 11.3 billion in revenues Non-EU contraband and counterfeit increased to 88% LONDON--(BUSINESS …

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Published on June 3, 2016 - 04:56 GMT

PHILIP MORRIS INTERNATIONAL INC. DECLARES REGULAR QUARTERLY DIVIDEND OF $1.02 PER SHARE

NEW YORK, December 9, 2015 -- The Board of Directors of Philip Morris International Inc. (NYSE / Euronext Paris: PM) today declared a regular quarterly dividend of $1.02 per common share, payable on January 8, 2016, to shareholders of record as of …

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Published on May 27, 2016 - 11:37 GMT

Philip Morris International Launches New Initiative to Fight Smuggling and Related Crimes; Pledges USD 100 Million to ...

LAUSANNE, Switzerland--(BUSINESS WIRE)--May 27, 2016-- Philip Morris International Inc. (PMI) (NYSE /Euronext Paris: PM) announced today a major new initiative — “PMI IMPACT” — to help confront smuggling and related crimes. The centerpiece of PMI …

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