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PMI declares quarterly dividend

PMI declares quarterly dividend

| June 11, 2015

The board of directors of Philip Morris International today declared a regular quarterly dividend of $1.00 per common share, payable on July 10 to shareholders of record as of June 25. The ex-dividend date is June 23.

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Beijing smoking ban will boost vapor, says e-cig inventor

Beijing smoking ban will boost vapor, says e-cig inventor

| June 10, 2015

Hon Lik, the Chinese inventor of the modern e-cigarette, has predicted that Beijing’s new public-places smoking ban will prompt many consumers to switch from smoking to vaping. Although China’s e-cigarette market is still relatively small compared to those in other countries and smoking rates in China remain high, the ban—which took effect June 1—could be […]

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AMA remains opposed to e-cig’s smoking-cessation claims

AMA remains opposed to e-cig’s smoking-cessation claims

| June 10, 2015

The American Medical Association (AMA) has announced a new policy that will further strengthen its support of the regulatory oversight of e-cigarettes. The update is an extension of the organization’s existing policy, which calls for all e-cigarettes to be subject to U.S. Food and Drug Administration regulations that apply to cigarettes and smokeless tobacco products. […]

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Pax Labs raises $46.7 million in Series C funding

Pax Labs raises $46.7 million in Series C funding

| June 10, 2015

Pax Labs has raised $46.7 million in new funding led by existing investors with participation from Fidelity Management & Research Company; Sivia Capital; individual investors from finance, pharma, entertainment and Silicon Valley leadership; and a group led by Chuck Pieper and Brian Finn. Previous investors participating include Tao Capital Partners and Sand Hill Angels. Pax […]

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Iggesund expands services for Eastern Europe

Iggesund expands services for Eastern Europe

| June 10, 2015

Iggesund Paperboard—Europe’s third-largest manufacturer of high-quality virgin fiber paperboard—is expanding its services for Eastern Europe by establishing a new freight terminal in Riga, Latvia, as well as a sales office in Moscow, Russia, to boost Russian sales. Construction of the two new facilities is part of Iggesund’s long-term plan to cultivate its delivery services on […]

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AOI’s volume, sales impacted by global oversupply

AOI’s volume, sales impacted by global oversupply

| June 10, 2015

Alliance One International’s CEO and president, Pieter Sikkel, said on Monday that the company’s fiscal year 2015 volume and sales were impacted by global oversupply as a result of customers modifying their inventory positions in response to reduced consumer demand in some markets during the past 36 months. Global oversupply appeared now to be moving […]

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