Altria takes $4.5bn charge for e-cigarette investment amid probe

  • 📰 SkyNews
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 67%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The Marlboro owner faces a Federal Trade Commission inquiry into its role in recent hirings and firings at partner Juul Labs.

Now the FTC has launched a fresh inquiry into any role Altria may have played in Juul's executive shakeup.

According to Altria's quarterly filing with the Securities and Exchange Commission, the FTC is"seeking information regarding, among other things, Altria's role in the resignation of Juul's former chief executive officer and the hiring by Juul of any current or former Altria director, executive or employee".

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 35. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines