Showing posts with label philip morris. Show all posts
Showing posts with label philip morris. Show all posts

Aug 15, 2012

Cigarette Makers Fight, Phillip Morris

Philip Morris says today's High Court decision supporting the plain packaging of cigarettes would not affect other legal challenges to the Australian government's plan. Following the court decision, challenges to Australia's packaging rules remain from three countries - the Dominican Republic, Honduras, and Ukraine - through the World Trade Organisation. Marlboro-maker Phillip Morris is also suing Australia for alleged breaches of Australia's Bilateral Investment Treaty with Hong Kong. “We believe that Philip Morris Asia's investment treaty case and the WTO challenges are strong,” said PML spokesperson Chris Argent. “As such, there is still a long way to go before all the legal questions about plain packaging are fully explored and answered.”

Jul 26, 2012

Philip Morris Profit Higher

Cigarette maker Philip Morris International Inc. said Thursday its second-quarter net income fell 4 percent, despite higher prices, as the company sold fewer cigarettes. The seller of Marlboro and other cigarette brands overseas said changes in currency values hurt profit in the April-June quarter, and cut its earnings guidance for the year because of the stronger dollar.