Word: altria
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Dates: during 2000-2009
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...pass similar bills four years running. This year's measure - which actually enjoys the support of Phillip Morris, the producer of Marlboro and the largest U.S. cigarette manufacturer - adds a controversial clause that would permit the use of cloves as a cigarette additive. Phillip Morris, a division of Altria, spent $5 billion in 2005 to buy a controlling stake in Sampoerna of Indonesia, a large maker of clove cigarettes...
...Altria Group...
...tricky. "There is no universal standard for what socially responsible really means," says Russel Kinnel, Morningstar's director of fund research. The Natural Capital Institute, a Bay Area research group, reported last year that some SRI funds invested in weaponmakers like Raytheon and in tobacco businesses like Altria (formerly Philip Morris). Says Kinnel: "Read your prospectus' fine print." It's also a good idea to think of SRIs as long-term investments. Why? Since they're typically underrepresented in oil and other stocks that are subject to price shock, they may under- or overperform depending on the season...
...promises, China has been slowly opening its domestic market to foreign brands, lowering tariffs from 65% to 25% in 2004, and streamlining the rules for sales and distribution. British American Tobacco has tried (so far unsuccessfully) to set up a joint venture to manufacture cigarettes in China. U.S. giant Altria, formerly Philip Morris, has also been negotiating with the government to manufacture and sell its top-selling Marlboro brand on the mainland. Indeed, with most Chinese smokers hacking away from the harsh, high-tar brands produced by the state-owned monopoly, the China National Tobacco Corporation, foreign companies have been...
TIME: Philip Morris USA, a division of your largest shareholder, Altria, has supported the organization that is downplaying the risks of obesity...