Altria Wipes Another $4.1 Billion Off Its JUUL Investment

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Altria Wipes Another $4.1 Billion Off Its JUUL Investment

Altria (NYSE: MO) decided to write off another huge chunk of its investment in JUUL Labs after all. Although I said it was a gimme that the tobacco giant would take more charges against its $12.8 billion bet this year because of the unrelenting campaign …
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Interest Rate Forecast: Remaining Low Throughout 2020

Many of us forecasters have been expecting interest rates to rise, but we’ll have to wait another year for that to happen. The key issue is economic growth strong enough to push inflation up, or at least to make the Federal Reserve worry about inflation rising.
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Global tax rules set for overhaul as states seek to avoid new trade war

PARIS (Reuters) – Outdated cross-border tax rules are set to be rewritten after 137 states sought this week to avoid a new trade war over the global multiplication of taxes on digital services. FILE PHOTO: The logo of Amazon Prime Delivery is seen on the …
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Bajaj Finserv Q3 results: Profit surges 32% to Rs 1126 crore; total income up 31%

NEW DELHI: Bajaj Finserv on Wednesday posted 32 per cent year-on-year rise in consolidated profit at Rs 1,126 crore for the quarter ended December 31. It had posted a profit of Rs 851 crore in the same period last year. Consolidated total income increased …
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Companies Appointing Fewer Finance Chiefs With Accounting Skills

The board also decided they could do without one particular qualification. Having appointed a chief accounting officer in 2017, they didn't care if the
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