tobacco
Altria decided to hedge traditional tobacco industry bets with a huge investment in Juul, the electronic cigarette company. But that was before Juul was clobbered by federal regulators.
3 years ago
The attorneys general of 39 states have launched an investigation into the sales and marketing practices of e-cigarette maker Juul. Altria, makers of Marlboro cigarettes, paid $12.8 billion in 2018...
3 years ago
Last Updated: 3 years ago
Marlboro cigarette maker Altria reported a net loss of $1.00 a share primarily due to another massive impairment charge related to its investment in e-cigarette maker Juul.
3 years ago
Altria Group has its roots in a business that is over a century old. Tobacco and cigarettes may not have the market they used to, but there’s still money to be made.
3 years ago
Two new studies that will be reported later this week suggest a link between using e-cigarettes and reduced heart health.
3 years ago
Last Updated: 3 years ago
A $4.5 billion writedown on the value of its investment in e-cigarette maker Juul had little impact on investors who like the Marlboro cigarette maker's high dividend yield and its promise to...
3 years ago
Last Updated: 3 years ago
Philip Morris International reported mixed quarterly results with disappointing earnings guidance before the markets opened on Thursday.
3 years ago
Last Updated: 3 years ago
Philip Morris is set to report its most recent quarterly results before the markets open on Thursday, and analysts and investors will be keeping an eye on Juul and vaping issues.
3 years ago
Last Updated: 3 years ago
Altria and Philip Morris saw their shares moving in opposite directions after the companies announced that their merger discussions have ended.
3 years ago
Last Updated: 3 years ago
Wall Street tells big companies that they need to break themselves into smaller pieces to unlock the growth potential. Then a decade or so later, Wall Street tells them they would offer a better...
3 years ago
Last Updated: 3 years ago
Altria's core products are still slowly killing their customers, but it manages to keep delivering dividend hikes for its shareholders.
3 years ago
Last Updated: 3 years ago
In many states, people under 21 years old can buy tobacco products. Most Americans don't approve of this and want the age barrier to be above 21. This could drive legislation to increase the age...
3 years ago
Last Updated: 3 years ago
Aurora Cannabis took a big analyst downgrade from Merrill Lynch. This just munched deep into the upside story, and the analyst downgrade warns of Aurora needing to raise cash.
3 years ago
Last Updated: 3 years ago
Philip Morris shares rose after it reported better than expected quarterly results before the markets opened on Thursday.
3 years ago
Last Updated: 3 years ago
A group called Innovation Shares is launching the first passively managed pure-play ETF that targets investing in cannabis.
3 years ago
Last Updated: 3 years ago