Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Altria Group    MO

ALTRIA GROUP (MO)
Mes dernières consult.
Most popular
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Altria : Cigarette makers to publish new statements on health risks

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/03/2017 | 06:15pm CET

RICHMOND, Va. (AP) — Major U.S. cigarette companies will soon begin publishing a series of blunt statements about the health risks of smoking as part of a court order stemming from a 1999 lawsuit brought by the federal government.

The court-ordered "corrective statements" will begin running late next month on television and in newspapers.

"Smoking kills, on average, 1,200 Americans every day," reads one of the statements. Another simply says: "Smoking is highly addictive."

The 1999 lawsuit accused cigarette makers of deceiving the public.

Altria Group Inc. — the Richmond, Virginia-based parent company of cigarette-maker Philip Morris USA — will jointly run the ads with its competitor, Reynolds American Inc., and several other companies.

Altria said the tobacco manufacturers had reached an agreement with the U.S. Department of Justice on the timing of the statements.

In a news release, Altria said the lawsuit focused on "industry conduct dating back to the 1950s."

"This industry has changed dramatically over the last 20 years, including becoming regulated by the FDA, which we supported," said Murray Garnick, Altria's executive vice president and general counsel. "We're focused on the future and, with FDA in place, working to develop less-risky tobacco products."

The court's order requires the tobacco companies to publish five statements related to cigarette smoking. On television, the statements will appear in 30-second ads, running once each week for a year, mainly on major networks during prime time. The companies will also run full-page ads in 45 newspapers around the country over a six-month period.

The statements list various diseases linked with tobacco use. The companies also are required to say that they had "intentionally designed cigarettes with enough nicotine to create and sustain addiction."

Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed., source Associated Press News

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ALTRIA GROUP
11/03 BIZ BITES : Local business highlights from the past week
11/02DJALTRIA : Anticipating FDA Rule, Is Developing Reduced-Nicotine Cigarettes -- Upd..
11/02 ALTRIA GROUP, INC. : Regulation FD Disclosure (form 8-K)
11/02DJALTRIA : Anticipating FDA Rule, Is Developing Reduced-Nicotine Cigarettes
11/02 ALTRIA : Holds Investor Day; Reaffirms 2017 Full-Year Earnings Guidance
10/30DJANDRÉ CALANTZOPOULOS : Behind Philip Morris International's Smokeless Bet -- WSJ
10/27 EARNINGS : Altria Group, Community Bankers Trust, Southern National Bancorp
10/26DJALTRIA : Marlboro Brand Hurt by California's Cigarette Tax Increase, Altria Says
10/26 ALTRIA : beats 3Q profit forecasts
10/26 ALTRIA GROUP, INC. : Results of Operations and Financial Condition (form 8-K)
More news
News from SeekingAlpha
08:00a RETIREMENT SECURITY : Fire And Fury In Telecommunications
11/17 A Power Shift In Big Tobacco
11/17 Tracking David Winters' Wintergreen Advisers Portfolio - Q3 2017 Update
11/17 40 Dividend Stocks Battling Into 2018
11/15 3 Strong Dividend Champions, One Strong Buy, And One Regular Buy
Financials ($)
Sales 2017 19 612 M
EBIT 2017 9 903 M
Net income 2017 6 437 M
Debt 2017 11 605 M
Yield 2017 3,87%
P/E ratio 2017 19,03
P/E ratio 2018 18,56
EV / Sales 2017 7,05x
EV / Sales 2018 6,93x
Capitalization 127 B
Chart ALTRIA GROUP
Duration : Period :
Altria Group Technical Analysis Chart | MO | US02209S1033 | 4-Traders
Technical analysis trends ALTRIA GROUP
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 71,7 $
Spread / Average Target 7,9%
EPS Revisions
Managers
NameTitle
Martin J. Barrington Chairman, President & Chief Executive Officer
Howard A. Willard Chief Operating Officer
James E. Dillard Chief Innovations Officer & SVP-Regulatory Affairs
George Muñoz Independent Director
Thomas F. Farrell Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
ALTRIA GROUP-1.77%126 742
JAPAN TOBACCO INC-3.02%66 469
ITC LTD5.42%48 359
HANJAYA MANDALA SAMPOERNA TBK PT--.--%35 291
KT&G CORP--.--%14 572
GUDANG GARAM TBK PT--.--%11 102