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Altria flat, but Philip Morris International rises after spinoff  

Altria Group and the newly spun-off Philip Morris International headed in different directions on their first day trading as separate entities, with investors apparently betting the rest of the world is more fertile ground for cigarette sales than the U.S.

Altria was flat most of the day while Philip Morris International rose as much as 6%. However, Altria ended down more than 2% while Philip Morris slipped about 1%.

On Friday, Altria shareholders were given one share of Philip Morris for each one they owned of Altria.

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