Altria wrote down its investment in Juul by about one-third, recording a $4.5 billion pre-tax charge against its third-quarter earnings, the company said Thursday.
Altria wrote down its investment in Juul by about one-third, recording a $4.5 billion pre-tax charge against its third-quarter earnings, the company said Thursday.
Peugeot (PSA) and Fiat Chrysler on Thursday confirmed their intention to merge on Thursday, in what would be a 50-50 share swap.
The French carmaker and Fiat Chrysler confirmed they are in talks that could to create the world’s fourth-largest automaker with a roughly $50 billion valuation.
Asian businesses, in particular, will feel the impact of extreme weather conditions. In 2018, the region lost $54.7 billion to natural disasters, second only to North America.
“Whether it’s Brexit or whether it’s the trade challenge between the U.S. and China, the real issue is supply chain,” Jes Staley told CNBC.
But France, which has a stake in PSA, is expected to press a merged company to protect the country’s jobs and manufacturing base.
The Los Angeles Lakers and Delta Air Lines extended their partnership on Wednesday, allowing Atlanta based company to remain the “exclusive airline partner” of the team.
Ford’s talks with the union were expected to be less contentious than GM’s, which included a 40-day strike that ended Friday and cost the automaker billions.
The documents were released during a House committee questioning of Boeing CEO Dennis Muilenburg after two fatal crashes.
