Wednesday May 23 | Richmond Times-Dispatch
Virginia business briefs for May 23
Altria Group Inc. said Tuesday that it had resolved a tax dispute with the Internal Revenue Service over the company's Philip Morris Capital Corp.
Altria to test market new nicotine product in Virginia
The nation's largest tobacco company is planning to test market in Virginia a new and unusual smokeless consumer product containing nicotine but no tobacco.
Altria CEO conducts his final shareholder meeting
In his last day, the 63-year-old Szymanczyk touted Altria's premium brands and said the company is well-positioned for future growth in an evolving industry.
The Richmond region has had a half dozen locally based companies on the Fortune 500 for the past three years.
On the Call: Altria Group CEO Michael Szymanczyk
Altria Group Inc., the owner of biggest U.S. cigarette maker, Philip Morris USA, has focused its efforts on building its premium Marlboro brand which has been under pressure from its competitors and lower-priced cigarette brands as consumers face economic challenges and unemployment remains high.