Tags: US | Tobacco | Payments

Philip Morris USA, RJR Make Tobacco Payment

Thursday, 15 Apr 2010 03:28 PM

The nation's top two cigarette companies say they have made their payments as part of an agreement in which some cigarette makers are paying the states for smoking-related health care costs.

Philip Morris USA, which is the nation's largest cigarette maker and is owned by Altria Group, said Thursday that it made its full annual payment of about $3.6 billion as part of the 1998 Master Settlement Agreement.

R.J. Reynolds Tobacco Company, the nation's second-largest cigarette maker, has made its payment of nearly $2 billion.

Both companies deposited the part of their payments they dispute into special accounts, as allowed under the settlement.

© Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

1Like our page
2Share
Markets
The nation's top two cigarette companies say they have made their payments as part of an agreement in which some cigarette makers are paying the states for smoking-related health care costs.Philip Morris USA, which is the nation's largest cigarette maker and is owned by...
US,Tobacco,Payments
103
2010-28-15
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved