Saturday, October 22, 2011

Tobacco giant to close plant in Uruguay


(Reuters) U.S. tobacco giant Philip Morris said on Friday it shut down its plant in Uruguay because the country's anti-smoking policies make business unprofitable.
Philip Morris' local unit sued Uruguay at the World Bank's International Center for Settlement of Investment Disputes (ICSID) in February 2010. The company seeks compensation for damages allegedly caused by the state's anti-tobacco measures. Continued

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