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SUNDAY, NOVEMBER 8, 2009
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NEWS ABOUT: Altria

Altria stories: 6 news summaries

(Newser) - Tobacco companies engaged in “deceits” and knowingly marketed cigarettes without regard for consumers’ health, violating civil racketeering laws, a federal appeals court ruled today. In upholding the verdict in a landmark case brought by the Clinton Justice Department in 1999, the court refused to overturn a district judge’s... More »

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crime • cigarettes • tobacco • racketeering • Altria • Philip Morris • federal • tobacco companies • cigarette • Big Tobacco

Big Tobacco Suffers Big Setbacks in DC

Despite massive lobbying, regulation looks likely to pass

Apr 14, 09 10:23 AM CDT
(Newser) - After years of winning its fights in Washington, Big Tobacco is steeling itself for a major defeat: Not only did Congress pass an excise tax hike of 62 cents a pack of cigarettes, which went into effect this week, but the House voted overwhelmingly to submit the industry to FDA... More »

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FDA • North Carolina • Virginia • Phillip Morris • Altria • tobacco companies • cigarette tax • Big Tobacco

(Newser) - The nation’s largest cigarette maker, Altria Group, is in talks to acquire UST, the producer of Skoal and Copenhagen smokeless tobaccos for a rumored $10 billion, the New York Times reports. Altria, a spinoff of Philip Morris, makes Marlboro cigarettes. Negotiators were poised to strike a deal over the... More »

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tobacco • mergers and acquisitions • acquisition • Altria • tobacco companies • big business

Altria's 'Safer' Smokes Latest in Line of Flops

Marlboro Ultra Smooth can't beat declining demand in 3-year test

Jun 23, 08 2:47 PM CDT
(Newser) - Altria is dropping its Marlboro Ultra Smooth cigarettes, the Wall Street Journal reports—the latest in a growing list of failures to sell Americans on so-called "safer" tobacco products. The cigarettes, which used special filters to block carcinogens, failed to attract consumer interest in a 3-year test, "presumably... More »

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cigarettes • tobacco • Altria • Philip Morris • Marlboro

Supreme Court to Hear $79M Cigarette Verdict for 3rd Time

Justices to decide if Oregon court ignored instruction to limit punitive damages

Jun 9, 08 1:04 PM CDT
(Newser) - The Supreme Court today agreed to hear a third appeal of Oregon’s $79.5-million punitive-damage award against Philip Morris. The justices have twice sent the verdict back to Oregon’s high court, part of an effort to limit punitive damages to nine times the size of compensatory damages. This... More »

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Texas • Altria • Philip Morris • US Supreme Court • punitive damages • election law

Tobacco Giant Plans Spinoff of Overseas Arm

Philip Morris unit, less vulnerable to lawsuits, can focus on growth

Aug 29, 07 4:03 PM CDT
(Newser) - Altria, the world's largest tobacco company, wants to break its Philip Morris International unit off from its US counterpart, Bloomberg reports, to pursue greater overseas growth while insulating it from health-related US lawsuits. "Tobacco is growing overseas, while in the US it's in decline, making a reasonable argument for... More »

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smoking • cigarettes • tobacco • Altria • Philip Morris • Marlboro

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