Word: philip
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...that Big Tobacco needed the generosity. Consider the fortunes of global leader Philip Morris. The firm was the Dow's best performer last year, rising 91% in a turgid market. Tobacco profits, buoyed by strong domestic growth, reached a record $10.6 billion. No. 2 R.J. Reynolds Tobacco and No. 3 British American Tobacco also saw their sales and profits reach new heights...
...states for $206 billion (over 25 years) to help pay for smoking-related illnesses. Big Tobacco agreed to curb advertising, stop marketing to minors (no more Joe Camel) and fund a national antismoking group to police their practices. In 1999 the Clinton Administration filed its suit. More recently, Philip Morris was assessed $3 billion in damages to a single smoker in California. Throw in price increases of more than 60% that had begun to cut demand, and domestic tobacco seemed doomed...
...friendlier town. Attorney General John Ashcroft opposed the Clinton suit when he was a Senator and shows little zeal for prosecuting the industry further. Another round of federal excise taxes, championed by Clinton, is not in the offing. To pre-empt harsher regulations and win protection against future lawsuits, Philip Morris is even asking Congress to grant the FDA limited oversight. Such longtime foes as Illinois Senator Dick Durbin are nonplussed. "It's laughable," he says, referring to the DOJ's settlement talks. "In a real negotiation, they could have included [FDA] regulation with teeth. Now they'll be lucky...
...federal government's ban and restrictions on cigarette ads and packaging are broad enough, the Court ruled 5-4, and trump any state attempts to enforce stricter rules. As a result of the ruling in favor of tobacco giant Philip Morris, Massachusetts will have to dump its plans to ban cigarette ads near playgrounds and schools...
...Losers COURTNEY LOVE Pop-vixen, robbed on Vancouver film shoot of jewels worth $100,000, says she'll keep drinking and punching paparazzi until she finds culprit "PHILIP STAUFEN" Canada won't grant multilingual amnesiac a passport. Forgetting he just applied for one, he gets back in line and applies again FRANK DE BOER Captain of Dutch national soccer team banned after testing positive for nandrolone. In Holland, that was the best he could score...