Altria Group lifts regular quarterly dividend by 2 cents to 34 centsAugust 27th, 2009 Altria Group raises regular dividend to 34 centsRICHMOND, Va. — Altria Group Inc., owner of Philip Morris USA, on Thursday boosted its regular quarterly dividend by 2 cents to 34 cents.
KBR announces 2 executive appointments in hydrocarbons groupAugust 18th, 2009 KBR announces executives in hydrocarbons groupHOUSTON — KBR Inc., the engineering and construction firm spun off from Halliburton, announced two management appointments in its hydrocarbons group on Tuesday. The Houston-based company named Mitch Dauzat president of gas monetization and Roy Oelking executive vice president of oil and gas.
Philip Morris International 2nd-qtr profit falls 9 percent as stronger dollar crimps profitsJuly 23rd, 2009 Philip Morris International 2Q profit fallsNEW YORK — Cigarette maker Philip Morris International said Thursday its second-quarter profit fell 9 percent as the stronger dollar shrunk profit earned in other currencies. Still, it beat Wall Street expectations and raised its 2009 profit estimate.
Altria 2Q profit rises as lower expenses help offset dip in cigarettes sold, hikes forecastJuly 22nd, 2009 Altria Group 2Q profit rises, boosts forecastRICHMOND, Va. — Altria Group Inc., owner of the nation's biggest cigarette maker Philip Morris USA, said Wednesday that its second-quarter profit rose 9 percent partly as lower corporate expenses and the impact of an acquisition helped offset a decline in the number of cigarettes it sold.
Altria Group chief executive promises to keep offering products consumers enjoy under new regsJuly 22nd, 2009 On the Call: Altria Group CEO Michael SzymanczykNew federal legislation allowing the U.S. Food and Drug Administration to reduce nicotine in tobacco products, ban candy flavorings and block labels such "low tar" and "light" is expected to hurt Philip Morris USA least among tobacco companies because tighter regulations could cement its position as market leader.
Altria Group 2nd-quarter profit rises on acquisition, lower expenses, higher cigarette salesJuly 22nd, 2009 Altria Group profit, revenue climb in 2nd quarterRICHMOND, Va. — Altria Group Inc., owner of Philip Morris USA, said Wednesday that its second-quarter profit rose 9 percent partly on lower corporate expenses, an acquisition and improved cigarette sales.
Altria 2Q profit up and co. hikes forecast as cuts help offset falling cigarette volumesJuly 22nd, 2009 Altria Group 2Q profit up, co. boosts forecastRICHMOND, Va.
President of Indianapolis Motor Speedway announces resignationJuly 20th, 2009 President of Indianapolis Motor Speedway resignsINDIANAPOLIS — The president of the Indianapolis Motor Speedway says he'll resign after this weekend's Allstate 400 at the Brickyard. Joie Chitwood's last day will be Aug.
Altria Group 2Q earnings expected to reflect industry cigarette volumes reboundingJuly 20th, 2009 Earnings Preview: Altria Group Inc.RICHMOND, Va. — Altria Group Inc.
Federal jury rejects Altria Group's $24 million tax shelter claimJuly 10th, 2009 Federal jury rejects Altria's tax shelter claimWASHINGTON — A federal jury has rejected a $24 million tax refund claim filed by tobacco company Altria Group Inc. The IRS challenged tax deductions the Richmond, Va.-based company made in 1996 and 1997 in connection with leveraged lease transactions.
At first shareholder meeting since spinoff, Philip Morris says new cigarettes will help growthMay 5th, 2009 Philip Morris looks to new products for growthRICHMOND, Va. — At its first shareholder meeting since the spinoff from Altria Group Inc., Philip Morris International Inc.
Altria Group 1Q profit falls 76 pct on items, adjusted results beat viewApril 22nd, 2009 Altria Group 1Q profit drops, but beats viewRICHMOND, Va. — Altria Group Inc., the nation's biggest cigarette maker, said Wednesday its profit skidded 76 percent in the first quarter due to the spinoff of its international tobacco business, charges related to its purchase of UST and interest expenses.
Altria Group 1st-quarter profit falls 76 percent on charges, higher interest expensesApril 22nd, 2009 Altria Group 1Q profit drops 76 percentRICHMOND, Va. — Altria Group, the owner of the nation's biggest cigarette maker, says its first-quarter profit fell 76 percent because of acquisition charges and higher interest expenses.
Altria Group 1Q profit tumbles 76 pct on charges, interest expenses, adj. results beat viewApril 22nd, 2009 Altria Group 1Q profit drops, still tops viewNEW YORK — Altria Group Inc. said Wednesday acquisition charges and interest expenses outweighed strong cigar sales, leading the owner of the nation's biggest cigarette maker to report a 76 percent drop in its first-quarter profit.
Altria Group 1Q profit tumbles but beats forecast, and revenue risesApril 22nd, 2009 Altria Group 1Q profit drops but beats forecastRICHMOND, Va. — Cigarette sales dropped 8 percent and profit slipped at the nation's largest tobacco maker, Altria Group Inc., as retailers and wholesalers cut their orders ahead of a one-time federal tax on their inventory, but the company's overall revenue rose in the first quarter.