Altria Group Inc said Wednesday that it will pay $235 million to settle at least 6,000 lawsuits accusing it of fueling a teen vaping epidemic through its former investment in e-cigarette maker ...

Altria Group said Wednesday that it will pay $235 million to settle at least 6,000 lawsuits accusing it of fueling a teen vaping epidemic through its former investment in e-cigarette maker Juul Labs.

Altria took a $4.1 billion hit on its investment in Juul Labs in the fourth quarter of last year, making its stake in the e-cigarette maker worth just a third of its initial value.

Altria Group Inc.MO-1.28 % decrease; red down pointing triangle again slashed the value of its investment in Juul Labs Inc. and stripped down its agreement to provide services to the startup as it ...

Altria Group has ended a deal that barred it from competing with Juul Labs Inc., opening the door for the Marlboro maker to buy an e-cigarette company or develop its own vaping products.

Altria stock lost more than 35% this year, declining from $49 to $31. However, it then increased by nearly 25%, from $31 to a little over $39 (as of July 6, 2020). This means that it is almost 20% ...

FILE - This Nov. 25, 2019 photo shows IQOS heated cigarette heatsticks displayed in an IQOS store in Richmond, Va. Altria said Tuesday, July 28, 2020, that cigarette sales continue to decline as ...

Altria stock price has decreased by about 29% in the last three and a half years, when the stock dropped from $56 at the end of 2016 to around $40 as of 25th June 2020. That’s bad news for Altria.

A multibillion-dollar stake worth celebrating. When you drink a bottle of Bud Light, Stella Artois, Michelob Ultra, or any of its sibling brands, 10% of the profits from your beer-buying go to Altria.