From AFP via Raw Story comes the release that Altria will be moving Philip Morris offshore.
The Wall Street Journal reported earlier the new company to be spun off would be based in Switzerland, and thus free from legal and public relations problem in the United States over tobacco marketing.
Heh. I’m not sure whether this says more about the people who are still buying cigarettes, or the US stock market, or the evils of the Swiss. In any case, I’m sure the i-bankers will stand to make lots of money.