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Non-Tech : Philip Morris - A Stock For Wealth Or Poverty (MO) -- Ignore unavailable to you. Want to Upgrade?

To: T. Reilly who wrote (2205)	8/29/1998 10:18:00 AM
From: Rarebird	Read Replies (2) \| Respond to of 6439

" Good Progress " in Settlement Talks: Reuters: August 28, 8:07 p.m. " Litigation settlement talks between state attorney generals and two tobacco companies recessed Friday morning due to concerns that Hurricane Bonnie would affect air travel out of New York. A spokesman for Washington State Attorney General Christine Gregoire said she felt the negotiators had made good progress and that talks are expected to resume next week in New York. On Wednesday, the attorneys general said that only Phillip Morris and Lorillard Tobacco Co., a unit of Loews Corp., would return to the negotiating table. Two other major companies dropped out of the talks. They are Brown and Williamson Tobacco Corp., a unit of B.A.T. Industries Plc and R.J.Reynolds Tobacco Co., a unit of RJR Nabisco Holdings Corp. The companies would not comment on why they walked away from negotiations. Some attorneys general felt the decision was a negotiating tactic and thought the companies would eventually return.