Altria writes down the value of its Juul investment by $4.5 billion as the e-cigarette maker faces heightened regulatory scrutiny
Altria Group Inc. wrote down the value of its investment in Juul Labs Inc., a move that comes as the e-cigarette maker faces heightened regulatory scrutiny and federal investigations.
Altria said Thursday it cut the value of its stake in Juul, which makes a vaporizer device that allows users to inhale nicotine, by $4.5 billion.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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.
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.
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.
Read more »
Juul Says It Will Lay Off Employees Amid Vaping ScrutinyThe company plans to cut 500 jobs by the end of the year, the Wall Street Journal reported.
Read more »
Juul ousts several top executives, names new CFO amid management shakeupJuul ousted a number of top executives as new CEO K.C. Crosthwaite shakes up management of the embattled e-cigarette company.
Read more »
Juul Marketing Chief Leaves as E-Cigarette Maker Suspends AdvertisingCraig Brommers was Juul's first chief marketing officer—a post the company will now eliminate
Read more »