Some states and U.S. tobacco companies settle over payments

(Reuters) – U.S. cigarette makers including Philip Morris USA and R.J. Reynolds Tobacco Co on Tuesday said they reached a settlement with 17 states to resolve a long-running dispute over the amount of payments they are required to make under the 1998 landmark anti-smoking agreement. Under the agreement, the states will receive their portion of $4 billion in disputed payments and the manufacturers will receive credits against future payments. The payments resulted from the 1998 national accord that obliges companies to help cover the health bills of ailing smokers. …