NASD Eying Tobacco Debt Trade Prices
- The Impact of a Tobacco Company Bankruptcy on MSA Bonds. Dubrow, David L. // Bond Buyer;7/28/2003, Vol. 345 Issue 31686, p33
Examines the impact of tobacco company Philip Morris Inc. bankruptcy on Master Settlement Agreement (MSA) bonds. Characterization of MSA bonds; Impact of bankruptcy filled by tobacco company on payments under MSA; Provisions under MSA.
- Your Altria Spin-off Questions Answered. // DRIP Investor;May2008, Vol. 17 Issue 5, p2
The article focuses on the spin-off of Philip Morris International Inc. from Altria Group Inc. that was completed on March 28, 2008. It discusses the direct-purchase plan of Phillip Morris that reflects the company's desire to follow Altria's lead, which include optional cash payments, partial...
- Tobacco Debt Still Steady Despite Suits. Albanese, Elizabeth // Bond Buyer;7/16/2004, Vol. 349 Issue 31927, p1
Reports that the performance of the tobacco bond market remains steady despite of lawsuits filed against tobacco manufacturer Philip Morris USA Inc. in the United States. Decision of plaintiffs who won a case against Phillip Morris to asked the Illinois Supreme Court to uphold the ruling; U.S....
- Relief for tobacco no cause for upgrades. M.G. // Asset Securitization Report;4/14/2003, Vol. 3 Issue 15, p3
Reports that Illinois Circuit Court Judge Nicholas Byron, who had previously ruled against Philip Morris Cos. Inc., has indicated that he may lower the company's bonding requirements. Link between the tobacco securitization ratings and the credit of the industry as a whole; Possibility for...
- Latest Tobacco Ruling Already Priced Into Market for MSA Bonds. Albanese, Elizabeth // Bond Buyer;12/28/2005, Vol. 354 Issue 32287, p32
The article focuses on the benefit of tobacco bonds on the victory of the tobacco industry by the Illinois Supreme Court. The ruling overturned a judgment against Philip Morris USA Inc. Yields for the sector have not changed markedly after the ruling. The ruling was seen as a positive event for...
- Socially acceptable cigarettes. Flanigan, James // Indianapolis Business Journal;05/05/97, Vol. 18 Issue 7, p1B
Reports that investors are dumping their shares of Philip Morris Cos. Inc. in the wake of the landmark court ruling that nicotine in a drug and the US Food & Drug Administration can regulate the tobacco industry. Impact of regulation of the cigarette industry; Unwillingness by Philip Morris...
- Philip Morris seeks top marketer in restructure. Kleinman, Mark // Marketing (00253650);8/1/2002, p1
Reports the hiring of a marketing staff in Philip Morris International to run the global tobacco in Europe.
- Reliability, growth convince Wall St. // Crain's New York Business;1/20/2003, Vol. 19 Issue 3, p20
Focuses on the performance of Manhattan, New York City-based tobacco and food company Philip Morris Cos. Inc. as of January 2003. Reasons for increase in sales of the company; Effect of increase in cigarette taxes on the stock performance of the company; Estimated amount of revenue earned by...
- Philip Morris Payment Boosts MSA Bonds; Trouble Ahead for Reynolds. Albanese, Elizabeth // Bond Buyer;4/16/2003, Vol. 344 Issue 31616, p1
Reports on the performance of tobacco bonds in the United States. Scheduled payment of Phillip Morris USA Inc. to states; Characteristics of tobacco bonds.