Altria is taking a $4.1 billion charge on its investment in Juul

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Altria said on Thursday it recorded a $4.1 billion charge in the fourth quarter for its investment in Juul Labs Inc, nearly three months after taking a $4.5 billion charge in the e-cigarette maker.

Altria said on Thursday it recorded a $4.1 billion charge in the fourth quarter for its investment in Juul, nearly three months after taking a $4.5 billion charge in the e-cigarette maker.

The Richmond, Virginia-based cigarette maker said the charge was mainly due to the increased number of legal cases pending against Juul and the expectation that the number will grow. E-cigarette companies have been heavily scrutinized by health regulators with India, Thailand and China imposing bans of varying degrees on vaping products amid rising fears of their safety and growing evidence that teen vaping is on the rise

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

AT&T Q4: WarnerMedia Takes $1.2 Billion Hit on HBO Max Investment, Telco Loses 1.2 Million TV SubscribersAT&T’s top line was stung by its investment in HBO Max in the fourth quarter of 2019 to the tune of $1.2 billion in “foregone licensing revenues.” The telco also continued to … Because it’s a terrible fookin’ idea. Who needs a third HBO streaming service?! ReleaseTheSndyerCut will help still not getting hbomax
Källa: Variety - 🏆 108. / 63 Läs mer »

How to invest in India urbanization, top strategies from Rishi Kapoor - Business InsiderThe co-CEO of a $28 billion firm says India is at an 'inflection point' — and lays out the 3 ways he's investing in the nation as its urban population doubles
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »