Tobacco giant Altria said it wrote down its investment in e-cigarette maker Juul by $4.5 billion during the third quarter. The company said no one factor led to the charge, but it did cite the rising regulatory pressure on vaping and flavored e-cigarettes. Altria purchased a 35% stake in Juul last year for $12.8 billion, valuing the company at $38 billion. Watch Altria trade live on Markets Insider. Altria, the owner of Marlboro, wrote down its investment in e-cigarette maker Juul by $4.
Tobacco giant Altria said it wrote down its investment in e-cigarette maker Juul by $4.5 billion during the third quarter. The company said no one factor led to the charge, but it did cite the rising regulatory pressure on vaping and flavored e-cigarettes. Altria purchased a 35% stake in Juul last year for $12.8 billion, valuing the company at $38 billion. Watch Altria trade live on Markets Insider. Altria, the owner of Marlboro, wrote down its investment in e-cigarette maker Juul by $4.
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Altria writes down Juul investment by $4.5 billionAltria wrote down its investment in Juul by about one-third, recording a $4.5 billion pre-tax charge against its third-quarter earnings, the company said Thursday.
Source: CNBC - 🏆 12. / 72 Read more »
Altria writes down investment in troubled e-cigarette maker Juul by $4.5 billionAltria wrote down its investment in Juul by about one-third, recording a $4.5 billion pre-tax charge against its third-quarter earnings, the company said Thursday.
Source: CNBC - 🏆 12. / 72 Read more »
Altria Cuts Value of Juul Stake by $4.5 BillionAltria Group wrote down the value of its investment in Juul Labs by $4.5 billion, a move that comes as the e-cigarette maker faces heightened regulatory scrutiny and federal investigations. ah.. Roman worship of Caesar .. isnt that symbolic.. JUL rituals This was planned. Big Tobacco bought JUUL to cash in short term on the billions they were losing. Then lobbied for regulation to kill all their competition. Now they will monopolize the vape industry.
Source: WSJ - 🏆 98. / 63 Read more »
Stocks making the biggest moves premarket: Altria, Bristol-Myers Squibb, Generac, Apple and moreThese are the stocks posting the largest moves before the bell. trainedandready act when cat is away standto principles principally sound sourcing enemy never sleeps i,,me i,, v. i,,support i,,access followthebouncingball princeton harvard MACcosmetics racks rackets BIG move not local trash can who HUathletics
Source: CNBC - 🏆 12. / 72 Read more »
Juul will cut 500 jobs as it prepares for a ban on flavored pods - Business InsiderJuul will cut 500 jobs as it prepares for a proposed nation-wide ban on flavored pods, which comprise over 80% of its US sales.
Source: BusinessInsider - 🏆 729. / 51 Read more »