Latest Philip Morris International Inc News

In this undated photo provided by Philip Morris International, the company's COO Jacek Olczak poses for a photo. Olczak spoke with the AP about the development of IQOS, a hand-held device that heats tobacco without burning it, and the company’s pledge to move away from cigarettes. (Philip Morris International via AP)

Insider Q&A: Philip Morris pitches “smoke-free” cigarette

Dec. 22, 2019 10:00 AM EST

Tobacco giant Philip Morris International is pitching a new vision of its future—one without its signature Marlboro cigarettes. At the center of company’s “smoke-free future” rebranding effort is IQOS, a hand-held device that heats tobacco without burning it. The Food and Drug...

Gerald Margolis, center left, branch manager of Philip Morris in Thailand, talks to reporters at Criminal Court in Bangkok, Thailand, Friday, Nov. 29, 2019. The court has found the local unit of tobacco giant Philip Morris guilty of evading taxes by under-declaring the value of cigarettes it imported from the Philippines, and ordered the company to pay a fine of 1.2 billion baht ($39.7 million). (AP Photo)

Thai court fines Philip Morris $39.7 million for tax evasion

Nov. 29, 2019 6:20 AM EST

BANGKOK (AP) — A court in Thailand on Friday found the local unit of tobacco giant Philip Morris guilty of evading taxes by under-declaring the value of cigarettes it imported from the Philippines. It ordered the company to pay a fine of 1.2 billion baht ($39.7 million). The Criminal Court found Philip...