Latest Philip Morris International Inc News

Workers, execs and politicians bid farewell to late Fiat CEO

Sep. 14, 2018 11:30 AM EDT

TURIN, Italy (AP) — The heir to Fiat's founding family paid an emotional farewell to Sergio Marchionne, the late CEO of Fiat Chrysler Automobiles telling mourners Friday that "he taught all of us ... to have the courage to change." In a eulogy at a packed Turin Cathedral, John Elkann, his voice cracking,...

Asian stocks rise on possible US-China talks amid tensions

Sep. 12, 2018 11:24 PM EDT

SINGAPORE (AP) — Asian markets were mostly higher on Thursday after a report that the U.S. had proposed a new round of trade negotiations with China quelled fears that a dispute between the world's two largest economies was spiraling out of control. KEEPING SCORE: Japan's benchmark Nikkei 225 added 0.8...

Calling teen vaping 'epidemic,' officials weigh flavor ban

Sep. 12, 2018 2:53 PM EDT

WASHINGTON (AP) — U.S. health officials are sounding the alarm about teenage use of e-cigarettes, calling the problem an "epidemic" and ordering manufacturers to reverse the trend or risk having their flavored vaping products pulled from the market. The warning from the Food and Drug Administration on...

Ferrari stock dives after CEO says targets 'aspirational'

Aug. 1, 2018 1:46 PM EDT

MILAN (AP) — Shares in sportscar Ferrari tanked Wednesday after the new CEO told analysts that an annual revenue target set by the late former chief executive, Sergio Marchionne, was "aspirational." Louis Camilleri, who is also chairman at long-time Ferrari sponsor Philip Morris International, had a...

Fiat Chrysler is shaken without visionary CEO behind wheel

Jul. 23, 2018 11:54 PM EDT

MILAN (AP) — Fiat Chrysler shares were volatile Monday as investors expressed worry about the exit of ailing CEO Sergio Marchionne, whose driven and creative management style has been the company's fortune. Shares in the Italian-American carmaker closed down 1.5 percent after a harder 4 percent opening...