Altria

Altria Group reached accelerated agreements to buy back $2.4 billion in common stock after selling part of its stake in Anheuser-Busch InBev. Altria Group reached accelerated agreements to buy back $2.4 billion in common stock after selling part of its stake in Anheuser-Busch InBev. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks…

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…

NJOY is one of the few e-cigarette makers whose products have clearance from federal regulators. Photo: Angela Owens/The Wall Street Journal…

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…

Marlboro maker Altria MO 1.25% Group Inc. said it is forming a partnership with Japan Tobacco 2914 -1.02% Group to develop and sell heated tobacco devices in the U.S. and abroad. The move pits Altria against its former strategic partners, Philip Morris International Inc. PM 1.22% and Juul Labs Inc., in the race to dominate the market…

Marlboro maker Philip Morris has been under pressure from Elliott Management and other investors to sweeten its bid for Swedish Match. Photo: Steve Helber/Associated Press…

An electronic cigarette in use. Photo: eva hambach/Agence France-Presse/Getty Images…

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…