Sectors News Results

  • Juul Moves Base to Washington in Signal To Health Regulators -- WSJ

    This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal. Juul Labs Inc. is moving its headquarters from San Francisco to Washington, D.C., the company said, as the e- cigarette maker seeks to repair its relationship with regulators and distance itself from Silicon Valley's growth-at- all-costs culture. The move is part of a broader restructuring plan that includes a reduction in...

  • E-Cigarette Maker Juul Is Moving Base From San Francisco to Washington, D.C.

    Juul Labs Inc. is moving its headquarters from San Francisco to Washington, D.C., the company said, as the e- cigarette maker seeks to repair its relationship with regulators and distance itself from Silicon Valley's growth-at- all-costs culture. The move is part of a broader restructuring plan that includes a reduction in the company's workforce by roughly one-third, the closure of some U.S. offices and a scaling back of its footprint in Europe and Asia, the company said Tuesday.

  • E-Cigarette Maker Juul Is Leaving San Francisco for Washington, D.C.

    Juul Labs Inc. is moving its headquarters from San Francisco to Washington, D.C., as the e-cigarette maker seeks to repair its relationship with regulators and distance itself from Silicon Valley's growth-at-all-costs culture, according to people familiar with the matter. The move is part of a broader restructuring plan that includes a reduction in the company's workforce by roughly a third, the closure of some U.S. offices and a scaling back of its footprint in Europe and Asia,...

  • Tobacco Procurement Market Intelligence Report Forecasts Nearly USD 190 Billion Spend Growth in the Market

    SpendEdge has been monitoring the global tobacco market and the market is poised to experience spend growth of about USD 190 billion between 2019-2024 at a CAGR of over 4% during the forecast period. This press release features multimedia.

  • Marlboro Maker Warns Smokers Will Turn to Cheaper Cigarettes

    Marlboro maker Altria Group Inc. (MO) said it has paused the rollout of its new heated tobacco product because of the coronavirus pandemic and expects cigarette smokers to trade down to cheaper brands as an economic downturn takes hold. The company said the virus hasn't yet had a material impact on its sales, as convenience stores and other retail outlets where cigarettes are sold have largely remained open. The tobacco giant withdrew its earnings guidance but said that its...

  • Pre & Post COVID-19 Market Estimates-Roll-Your-Own-Tobacco Products Market 2020-2024 | Innovations in Paper and Filter Design to Boost Growth | Technavio

    Technavio has been monitoring the roll-your-own-tobacco products market and it is poised to grow by USD 7.26 bn during 2020-2024, progressing at a CAGR of almost 4% during the forecast period. This press release features multimedia. Technavio suggests three forecast scenarios considering the impact of COVID-19.

  • Coronavirus update: 1.54 million cases worldwide, 93,425 deaths and millions of Americans seek jobless benefits

    GE offers first glimpse of how the coronavirus is impacting its business and Starbucks says it has halved quarterly earnings. The number of Americans seeking jobless benefits soared again on Thursday, in the latest sign of how the coronavirus that causes COVID-19 is impacting all sectors of the economy, as companies are forced to furlough and lay off workers. Initial jobless claims rose another 6.6 million in the first week of April, bringing total job losses in less than a month...

  • Philip Morris says it will not terminate any workers during coronavirus pandemic (except for cause)

    Philip Morris International Inc. (PM) said Thursday it will not terminate any workers during the coronavirus pandemic except for cause and will continue to pay all employees their regular compensation, even if they are unable to fulfil all of their professional duties due to stay-at-home mandates or other issues. The Marlboro cigarette maker said it's putting any restructuring plans on hold for now and will offer awards to workers who have to be physically present at their jobs,...

  • FTC Builds Antitrust Case Around Altria's Noncompete Agreement With Juul

    The Federal Trade Commission's antitrust lawsuit against Altria Group Inc. (MO) and Juul Labs Inc. focuses largely on a noncompete agreement in which the tobacco giant pledged to take its e-cigarettes off the market. That agreement, according to the agency's administrative complaint, was the linchpin of a December 2018 deal in which Juul agreed to sell Altria (MO) a 35% stake for $12.8 billion. The FTC, which is suing to unwind Altria's (MO) stake, released a redacted version of its complaint...

  • Marlboro Owner's Antitrust Case Adds to the Burn

    Altria's (MO) investment in e-cigarette brand Juul Labs was already looking like a case study in how not to do a deal. Now, an antitrust challenge makes it even harder for the company to stub out the controversy. The Federal Trade Commission said late Wednesday that it is suing Altria (MO) to unwind the 35% stake it took in Juul 15 months ago.

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