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FT Magazine
Prediction markets can tell the future. Why is the US so afraid of them?
...In 1983, he founded Aristotle Inc, a technology consultancy that sold voter data to political campaigns....
November 10, 2023
ETF HubLatest news on ETFs
iShares trims management fees on $200bn in emerging market and bond ETFs
...MSCI USA Multifactor will become US Equity Factor and track the Stoxx US Equity Factor index rather than the MSCI USA Diversified Multiple-Factor index....
April 12, 2022
FT Live
Global Private Banking Awards 2024
Celebrating excellence in wealth management
Thursday, 7 NovemberThe Landmark London, London, UK
Coronavirus
‘Totally exhausted’: latest Covid wave pushes US nurses to brink
...“This is a self-perpetuating problem because when I get low on staff I have to use a travel contract, which pulls nurses from somewhere else,” said Phillip Coule, chief medical officer at Georgia’s Augusta...
September 28, 2021
News in-depthAgricultural commodities
‘Diesel vs doughnuts’: new biofuel refineries squeeze US food industry
...Independent oil refiners Marathon, Phillips 66 and HollyFrontier are also pursuing projects. Some oil companies are adding agricultural processing to their assets....
September 8, 2021
Altria Group Inc
US agency sues to unwind Altria’s $12.8bn Juul investment
...Altria, the parent of Marlboro-owner Philip Morris USA, has ceased the sales and distribution services it had provided the San Francisco-based company....
April 2, 2020
Altria Group Inc
Altria writes down Juul investment by $4.5bn
...The tobacco group, parent of Marlboro-owner Philip Morris USA, valued its investment in Juul at $12.8bn at the end of June but said in a statement on Thursday accompanying its third-quarter results that...
October 31, 2019
FT Live
Transforming the Finance Function with AI
Strategies for delivering advanced analytics, automation and decision-making
Thursday, 25 AprilDigital Conference
News in-depthJuul Labs
The new Juul chief sent to ‘douse fire’ of vaping crisis
...After just over a year as chief executive of Philip Morris USA, Altria chief executive Howard Willard picked Mr Crosthwaite in May 2018 to be the group’s chief growth officer — an atypical job title in an...
September 27, 2019
Simon Samuels
Just say no to destructive mergers and acquisitions
...Wednesday’s announcement that Phillip Morris International and Altria had walked away from talks about a $200bn tobacco company merger is both unusual and praiseworthy....
September 26, 2019
Tobacco
Marlboro maker to pull ecigarette pods from market
...Philip Morris USA is ready to roll out its heated tobacco device, IQOS, upon FDA approval, which is pending, the company added....
October 25, 2018
Retail & Consumer industry
Altria creates new ‘core’, ‘innovative’ tobacco units
...Crosthwaite — president and chief executive of Philip Morris USA — to the role....
May 22, 2018
Personal & Household Goods
Philip Morris, Altria hit by FDA advisory panel ruling on IQOS devices
...Altria – which operates in the US through its Philip Morris USA subsidiary, the maker of Marlboro – was down 1.7 per cent at $70.38 after earlier falling as much as 5.5 per cent....
January 25, 2018
FT AlphavilleJamie Powell
The not-so-Nifty Fifty
...Given the breakdown in the Phillips curve since the financial crisis, however, we're not holding our breath....
May 29, 2018
US equities
US stocks slip from record highs
...Shares in Phillips Morris slipped after it missed earnings forecasts, while eBay shares declined after the online marketplace issued disappointing guidance....
October 19, 2017
Retail & Consumer industry
Starbucks stumbles as fears grow over sales growth
...Starbucks sank 9.2 per cent to $54 and cigarette manufacturer Altria Group, maker of Marlboro through its Philip Morris USA arm, fell 9.5 per cent to $66.94 on Friday....
July 28, 2017
Indian business & finance
Indian Marlboro-maker falls amid government plan to ban FDI
...News of the proposal prompted a 17.3 per cent drop in the share price of Godfrey Phillips, which manufactures Marlboro-branded cigarettes under licence from Philip Morris International....
April 26, 2016
FT Live
Outstanding Directors Exchange
Fostering trust for steadfast leadership
Wednesday, 12 JuneHarvard Club of New York City, West 44th Street, New York, NY, USA
World
Tobacco companies biggest S&P 500 decliners
...The S&P 500 tobacco industry index, which includes just Reynolds America, Phillip Morris and Altria Group, has posted seven consecutive years of annual gains....
April 13, 2016
Retail & Consumer industry
Marlboro Man enlists Vice Media
...Leo Burnett, part of Publicis, has worked for Altria, the parent company for Philip Morris USA....
March 17, 2016
Personal & Household Goods
India’s ITC smoulders over cigarette packet requirement
...The cigarette group has been joined in the factory closures by rivals Godfrey Phillips, which is a partner of Philip Morris of the US, and VST Industries, according to the Tobacco Institute of India, an...
April 3, 2016
US & Canadian companies
Tribune shares surge after vote setback
...Philip Morris, the cigarette maker, tried to change its image by renaming itself Altria, after the Latin word for “high”....
June 6, 2016
Stock exchange consolidation
Asia futures focus takes wind from Chicago’s sails
...regulatory burden on the FCMs [Futures Commission Merchants, who take orders to buy or sell futures contracts] and also on the exchanges and clearing houses,” says Lynette Lim, head of US operations for Phillip...
November 5, 2014
US & Canadian companies
Reynolds hit with $23.6bn damages bill
...In 2002, a jury in Los Angeles landed Philip Morris USA with a $28bn fine in a similar case in 2002. This was later reduced to $28m on appeal....
July 20, 2014
Personal & Household Goods
Reynolds and Lorillard to reshape Big Tobacco with merger
...In terms of market share, Reynolds and Lorillard lie behind Altria, which accounts for about half of the US cigarette market through its Philip Morris USA division....
July 11, 2014
beyondbricsSport
Russia’s smoking ban to be put to the test
...International tobacco groups including Phillip Morris, British American Tobacco, Imperial Tobacco and Japan Tobacco have been lobbying against the smoking restrictions that, they say, are among the most...
June 2, 2014
Fund management
Movers & shakers: October 28
...●Clifford Chance has appointed Phillip Souta as head of UK public policy. Mr Souta was previously a director at Business for New Europe, a lobby group....
October 27, 2013
Eurozone economy
M&A activity shows signs of revival
...There was a similar burst of dealmaking activity in early 2011, most notably, with telecoms group AT&T launching a $39bn bid for T-Mobile USA....
March 12, 2013

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