Philip Morris USA and other major tobacco companies won a favorable verdict Friday in a lawsuit filed by 37 Missouri hospitals seeking more than $455 million for treating sick smokers.
Philip Morris USA was one of six tobacco companies involved in the lawsuit.
The hospitals had claimed cigarette companies delivered an "unreasonably dangerous" product and were seeking reimbursement back to 1993 for treating patients who had no insurance and did not pay their bills.
Credit (U.S. Navy/ by Mass Communication Specialist Seaman Stephen G. Hale II/Released)
An F/A-18 Super Hornet from the Sunliners of Strike Fighter Squadron (VFA) 81 launches from the aircraft carrier USS Carl Vinson (CVN 70). Boeing, the maker of the F/A-18 Super Hornet, is now out of the running for a contract for the Indian air force.
Peabody Energy Corp. says its profit rose in the first quarter due to higher prices for Australian coal used in steelmaking and increased demand in the U.S.
The world's biggest private-sector coal company says its net income attributable to common shareholders was $176.5 million, or 65 cents per share, in the January-March period. That's up from $133.7 million, or 50 cents, a year earlier.
St. Louis-based Peabody says first-quarter revenue rose 15 percent to $1.74 billion from $1.51 billion the previous year.