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Juul To Cut Roughly 650 Jobs, Or 16% Of Workers - WSJ
Juul Will Unveil Tuesday Its Plan To Cut Nearly $1 Billion Next Year - Axios
Juul Labs - Cutting Costs By Nearly $1 Billion Next Year
Altria Group, Inc. is a holding company. The Company's segments include smokeable products, smokeless products and wine. The Company's subsidiaries include Philip Morris USA Inc. (PM USA), which is engaged in the manufacture and sale of cigarettes in the United States; John Middleton Co. (Middleton), which is engaged in the manufacture and sale of machine-made cigars and pipe tobacco, and UST LLC (UST), which, through its subsidiaries, including U.S. Smokeless Tobacco Company LLC (USSTC) and Ste. Michelle Wine Estates Ltd. (Ste. Michelle), is engaged in the manufacture and sale of smokeless tobacco products and wine. Its other operating companies include Nu Mark LLC (Nu Mark), a subsidiary that is engaged in the manufacture and sale of tobacco products, and Philip Morris Capital Corporation (PMCC), a subsidiary that maintains a portfolio of finance assets. Other subsidiaries include Altria Group Distribution Company and Altria Client Services LLC.
6601 W Broad St
Howard A. Willard
Chairman of the Board, Chief Executive Officer
William F. Gifford
Vice Chairman, Chief Financial Officer.
Charles N. Whitaker
Senior Vice President - Chief Human Resources Officer and Chief Compliance Officer
Murray R. Garnick
Executive Vice President, General Counsel
Senior Vice President - Finance and Procurement
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Juul Labs Inc will cut nearly $1 billion (£781.5 million) in costs next year, a company official said on Tuesday, as its new chief executive officer tries to turn around the e-cigarette maker following a regulatory crackdown.
U.S. antitrust enforcers are probing Altria Group Inc <MO.N> for potentially exerting influence over electronic-cigarette maker Juul Labs Inc before winning approval for a big share buy, Altria said in a government filing on Thursday.
Altria Inc took a $4.5 billion hit from its investment in embattled electronic-cigarette maker Juul Labs Inc on Thursday, the latest setback for the startup as a regulatory crackdown on vaping threatens to upend the fast-growing industry.
U.S. antitrust enforcers are probing Altria Group Inc for potentially exerting influence over vaping maker Juul Labs Inc before winning approval for a big share buy, Altria said in a government filing on Thursday.
Altria Inc said on Thursday it recorded a $4.5 billion charge in the third quarter related to its investment in Juul Labs Inc, months after taking a $12.8 billion stake in the e-cigarette maker.
Juul Labs Inc on Tuesday hired the head of regulatory affairs at its part-owner Altria Group Inc to take on a similar role at the e-cigarette maker, amid a regulatory backlash against the growth of teen vaping in the United States.
The chief executive of e-cigarette maker Juul stepped down on Wednesday as merger talks between its biggest investor Altria and Philip Morris collapsed in the face of a regulatory backlash against vaping that could reshape the industry.
Merger talks between Altria and Philip Morris International are off, but a deal could still rise from the ashes. The idea of a $187 billion combination has sputtered amid turmoil at Juul Labs, of which Altria owns 35%. The market is already suggesting that the vaping upstart...
Philip Morris International Inc has abandoned merger talks with Altria Group Inc, it said on Wednesday.
Federal prosecutors in California are conducting a criminal probe into e-cigarette maker Juul Labs Inc, the Wall Street Journal reported on Monday, citing people familiar with the matter.
* BAT, Imperial Brands dip on Philip Morris-Altria merger talks
Marlboro maker Philip Morris International Inc <PM.N> said on Tuesday it was in talks to reunite in a merger with Altria Group Inc <MO.N> following its 2008 spin-off, as the tobacco giants seek to pool resources in the fast growing e-cigarette market.
Philip Morris International Inc said on Tuesday it was in talks with tobacco company Altria Group Inc to combine in an all-stock merger.
Marlboro maker Altria Group said on Monday it had received a request for additional information on its investment in e-cigarette market leader Juul Labs Inc from the U.S. Federal Trade Commission (FTC).
Marlboro maker Altria Group said on Monday it has received a request for additional information on its investment in e-cigarette maker Juul Labs Inc from the U.S. Federal Trade Commission (FTC).
Marlboro maker Altria said on Tuesday it would issue bonds in the United States to help fund its purchase of a stake in fast-growing e-cigarette company Juul, a day after announcing a similar move in the European bond market.
Altria Group will tap the European investment grade corporate bond market to help finance its $12.8 billion (£9.9 billion) purchase of a stake in e-cigarette maker Juul Labs Inc, the Marlboro maker said in a regulatory filing on Monday.
Marlboro maker Altria Group Inc said on Thursday e-cigarette maker Juul Labs Inc posted more than $1 billion in revenue in 2018, up from about $200 million a year earlier, the first official growth figures for the controversial vaping product.
Marlboro maker Altria Group Inc said on Thursday its affiliate e-cigarette maker Juul Labs Inc posted $1 billion in revenue in 2018, up from $200 million a year earlier, highlighting the booming growth of the industry.
Altria Group Inc, one of the worst performing stocks of 2018, is gaining traction again as the cigarette company's cheap valuation and fat dividend yield are too tempting for some bargain hunters to ignore according to analysts and investors.
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