Altria Group Inc

In a bid to strengthen its portfolio of smoke-free products, Altria Group said Monday it would buy e-cigarette startup NJOY for $2.75 billion.Altria, which makes Marlboro cigarettes, will have full global ownership of NJOY's e-vapor product portfolio, including NJOY ACE, the only pod-based e-vapor product with market authorizations from the FDA."We believe we can responsibly accelerate U.S. adult smoker and competitive adult vaper adoption of NJOY ACE in ways that NJOY could not as a standalone company," Altria CEO Billy…

Altria's Marlboro cigarettes sold at a store.Simon Dawson | Bloomberg | Getty ImagesMajor cigarette companies will soon be required to post signs at retail locations warning of the health effects of smoking, the Justice Department announced.The order, set to go into effect on July 1, 2023, is the last in a broader series of court-ordered measures stemming from a 1999 lawsuit against cigarette companies, the department said in a release.The order requires defendants Altria, Philip Morris USA Inc., R.J. Reynolds Tobacco…

Altria Group signage is displayed on a monitor on the floor of the New York Stock Exchange.Michael Nagle | Bloomberg | Getty ImagesCigarette maker Altria Group on Thursday reported third-quarter earnings that missed Wall Street estimates as its revenue fell.Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:Earnings per share: $1.28 adjusted vs. $1.30 expected.Revenue: $5.41 billion vs. $5.59 billion expected.Shares of Altria were down 2% in pre-market…

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Check out the companies making headlines before the bell:Uber (UBER), DoorDash (DASH) – Uber fell 3.1% in the premarket while DoorDash tumbled 7.5%, following the news that Amazon (AMZN) struck a deal to add membership in rival food delivery service Grubhub as a free benefit for its "Prime" members. Amazon's deal also gives it the option to take a stake in Grubhub.Spirit Airlines (SAVE) – Spirit won the right to operate peak-hour afternoon and evening flights at Newark-Liberty International Airport. Spirit had been trying…

Check out the companies making headlines before the bell:Spirit Airlines (SAVE) – Spirit Airlines lost 4.7% in the premarket after saying it would accept the latest improved takeover bid from Frontier Group (ULCC). The latest Frontier cash-and-stock bid is valued at $2.7 billion based on Friday's closing prices, while the most recent JetBlue (JBLU) all-cash offer is worth $3.7 billion. Spirit believes it is unlikely regulators would approve a combination with JetBlue, a notion that JetBlue has disputed. Frontier lost 1.7%…

The Food and Drug Administration announced Thursday that it will ban the sale of Juul e-cigarettes in the U.S.The decision is part of the agency's broader review of the vaping industry following years of pressure from politicians and public health groups to regulate the segment as strictly as other tobacco products after vaping became more common among high schoolers.Juul sought approval from the FDA for its vaping device and tobacco- and menthol-flavored pods, which are available at 5% and 3% nicotine strengths. Already,…

The Docusign Inc. website on a laptop computer arranged in Dobbs Ferry, New York, U.S., on Thursday, April 1, 2021.Tiffany Hagler-Geard | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading.Campbell Soup – The food company saw shares gain 2.3% after reporting a better-than-expected quarterly report. Campbell posted an adjusted profit of 70 cents per share, 9 cents above Refinitiv consensus estimates. Sales also beat forecasts, and Campbell raised its full-year sales outlook. The company…

Swedish Match generates most of its profit from Swedish-style smoke-free tobacco snuffs, also known as 'snus.'Olivier Morin | Afp | Getty ImagesMarlboro-maker Philip Morris International confirmed Wednesday a $16 billion bid to buy rival Swedish Match as part of its accelerated push into smoke-free tobacco alternatives.Shares of Stockholm-based manufacturer hit a record high in early trade after its board agreed to the 161.2 billion krona cash offer from the U.S.-Swiss tobacco giant.Swedish Match is now trading at a 32%…