Topic: Cigarette Manufacturing
FDA restricts tobacco marketing to youth
Reuters US Online Report Domestic News
WASHINGTON (Reuters) - U.S. health officials on Thursday sought to clamp down on the marketing of cigarettes to children and teenagers, issuing national limits on merchandise sales, event sponsorships and other promotions after a failed attempt more than a decade ago. Under the U.S. Food and Drug Administration rules ...
Philip Morris International declares dividend
AP News
Cigarette maker Philip Morris International declares dividend of 58 cents per shareCigarette maker Philip Morris International Inc. has declared a regular quarterly dividend of 58 cents per share. The dividend is payable on April 9 to stockholders of record on March 25, the company said Thursday. Shares dipped 10 cents ...
Lorillard board authorizes $250M in share buybacks
AP News
Cigarette maker Lorillard's board authorizes $250 million in share buybacksLorillard Inc.'s board on Thursday announced a share buyback program for up to $250 million of outstanding common shares. The cigarette maker will buy back shares with existing cash. Lorillard, based in Greensboro, N.C., is the nation's ...
Philip Morris, Fortune Tobacco form new Philippine company
AFP American Edition
US-based tobacco giant Philip Morris said Thursday it has formed a new company in the Philippines with local rival Fortune Tobacco Corp., owned by Chinese-Filipino tycoon Lucio Tan. Tan will become chairman of the new company, to be called PMFTC in a deal that will "unite" the two firms' Philippine ...
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