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Altria Group Inc Files For Potential Debt Shelf Offering; Size Not Disclosed
Altria Participates In The Barclays Global Consumer Staples Conference Reaffirms 2020 Full-Year Earnings Guidance
Juul Is Aiming To Shrink Its Workforce Of 2,200 To About 1,000 - WSJ
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
Thomas F. Farrell
Independent Chairman of the Board
William F. Gifford
Chief Executive Officer, Director
Chief Financial Officer, Executive Vice President
Jody L. Begley
Chief Operating Officer, Executive Vice President
Charles N. Whitaker
Senior Vice President - Chief Human Resources Officer and Chief Compliance Officer
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Altria Group Inc said on Thursday it would convert its non-voting shares in Juul Labs Inc to voting shares, days after the tobacco giant took another billion-dollar hit to its 35% stake in the e-cigarette maker.
Altria Group Inc <MO.N> on Friday took a third-quarter hit of $2.6 billion to its investment in Juul Labs Inc, further diminishing the value of its initial $12.8 billion stake in the e-cigarette maker that is facing increased regulatory scrutiny.
Altria Group Inc said on Friday it took a $2.6 billion charge on its investment in Juul Labs Inc in the third quarter, mainly due to lower revenue projection from the e-cigarette maker.
Juul Labs Inc has cut its valuation to about $10 billion from $12 billion at the end of last year, according to a company memo seen by Reuters on Thursday, as the once red-hot e-cigarette maker fizzles in a tumultuous period for the industry.
Marlboro maker Altria Group Inc <MO.N> said on Tuesday it expected full-year earnings to rise as much as 4% from last year and announced plans to make IQOS heated-tobacco devices available in more markets across the United States.
* GREENLIGHT CAPITAL INC TAKES SHARE STAKE OF 305,400 SHARES IN ALTRIA GROUP INC
Due to the COVID-19 pandemic, the Food and Drug Administration on Wednesday asked a federal judge to approve a delay of the effective date of a new rule requiring graphic health warnings on cigarette packages and in advertisements.
Altria Group Inc <MO.N> topped quarterly sales expectations as shoppers stocked up cigarettes ahead of COVID-19 lockdowns and the Marlboro maker said it would continue paying dividend, sending shares up about 2% in early trading on Thursday.
Marlboro cigarettes maker Altria Group Inc abandoned its full-year earnings forecast, citing "uncertainty" related to the coronavirus pandemic, even as it reported a better-than-expected 13% rise in quarterly revenue on Thursday.
Altria Group Inc <MO.N> said on Friday Chief Executive Officer Howard Willard has stepped down, ending a near two-year tumultuous term at the helm marked by heightened scrutiny of the tobacco giant's bet on e-cigarette maker Juul.
Marlboro cigarette maker Altria Group Inc said on Friday that its Chief Executive Officer Howard Willard, who is recovering from COVID-19, has stepped down from the role.
* ALTRIA -FTC HAS NOT SOUGHT TO PRELIMINARILY ENJOIN CO FROM CONVERTING NON-VOTING JUUL SHARES TO VOTING SHARES, AND CO CONSIDERING WHETHER TO DO SO Source: https://bit.ly/39CHZQd Further company coverage:
The U.S. Federal Trade Commission said on Wednesday it had filed a complaint aimed at forcing Marlboro maker Altria Group to sell its investment in e-cigarette maker Juul Labs Inc.
* ALTRIA TO DEFEND FTC ACTION AGAINST MINORITY INVESTMENT IN JUUL
The U.S. Federal Trade Commission said on Wednesday that it had filed a complaint aimed at forcing Altria Group to sell its $12.8 billion investment in e-cigarette maker JUUL.
Marlboro cigarette maker Altria Group Inc <MO.N> Chief Executive Officer Howard Willard has contracted coronavirus, the first top boss in corporate America publicly known to have the rapidly spreading infection, and is taking temporary medical leave.
Marlboro maker Altria Group Inc Chief Executive Officer Howard Willard has contracted coronavirus and is taking temporary medical leave, a regulatory filing showed on Friday.
* ALTRIA GROUP INC - HOWARD A. WILLARD III, HAS CONTRACTED COVID-19 VIRUS AND IS TAKING A TEMPORARY MEDICAL LEAVE OF ABSENCE - SEC FILING
U.S. Marlboro maker Altria Group Inc <MO.N> said on Thursday it is temporarily cancelling operations at its Philip Morris USA unit's manufacturing facility at Richmond, as a second employee had tested positive for the coronavirus.
* ALTRIA ANNOUNCES TEMPORARY SUSPENSION OF OPERATIONS AT THE RICHMOND MANUFACTURING CENTER
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