Altria Partnering with JUUL

Altria in Talks to Take Stake in JUUL Labs

Altria Group Inc. is in talks to take a significant minority stake in e-cigarette startup Juul Labs Inc., a move that could give the Marlboro maker greater access to a rapidly growing but increasingly controversial segment of the nicotine market...

By | November, 29, 2018|Categories: Articles, Featured|Tags: , , , , , , , , |0 Comments

GM Making Money

GM Profit Jumps

General Motors Co. reported surprisingly strong third-quarter profits Wednesday, as it also said it offered buyouts to thousands of salaried workers to cut costs amid slowing sales in the global car business. The No. 1 U.S. auto maker by sales reported a 25% jump in its third-quarter operating profit...

By | November, 5, 2018|Categories: Articles, Featured|Tags: , , , , , , |0 Comments

Trade Wars Don’t Affect Alibaba

Alibaba Sales Jump

E-commerce giant Alibaba Group Holding Ltd. reported a 61% increase in sales, as Chinese consumers continued to spend on the internet despite slowing economic growth. Alibaba, the operator of China’s two largest e-commerce platforms Taobao and Tmall, said in a statement on Thursday its core e-commerce business kept charging ahead in the most recent quarter...

By | August, 24, 2018|Categories: Articles, Featured|Tags: , , , , , , , , |0 Comments

What’s Next for Tesla?

Mixed Results for Tesla

Tesla Inc. reassured investors it would achieve a profit later this year, as a rush of Model 3 sales in the second quarter helped the electric-car maker burn less cash than expected. The results, which sent Tesla’s shares soaring in after-hours trading Wednesday, should give Chief Executive Elon Musk some wiggle room...

By | August, 2, 2018|Categories: Articles, Featured|Tags: , , , , , , , |0 Comments

PRICE WARS REDUCE PROFITS

Price Wars are On

Household goods from diapers to toilet paper to razors are getting cheaper, but what is a boon for shoppers is squeezing profits at the world’s biggest consumer-goods companies. Under pressure to boost sales, Proctor & Gamble Co. resorted to widespread discounting late last year to win back customers...

By | January, 24, 2018|Categories: Articles, Featured|Tags: , , , , , , , , |0 Comments