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

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

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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
Source: Variety - 🏆 108. / 63 Read more »

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
Source: BusinessInsider - 🏆 729. / 51 Read more »