Latest Altria Group Inc News

FDA bans Juul e-cigarettes tied to teen vaping surge

Jun. 23, 2022 16:36 PM EDT

WASHINGTON (AP) — U.S. health regulators on Thursday ordered Juul to pull its electronic cigarettes from the market, the latest blow to the embattled company widely blamed for sparking a national surge in teen vaping. The action is part of a sweeping effort by the Food and Drug...

Sonoco Products, Korn Ferry rise; Chevron, Altria fall

Jun. 22, 2022 16:27 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Advance Auto Parts Inc., up $2.93 to $174.66. The auto parts retailer said it has opened 22 new stores in the Los Angeles market as part of an expansion. ...

Philip Morris to buy Swedish Match for $16 billion

May. 12, 2022 16:12 PM EDT

NEW YORK (AP) — Philip Morris will attempt to step further into the smoke-free tobacco market, offering to buy the chewing tobacco company Swedish Match for about $16 billion in cash. Philip Morris is offering $10.62 (106 Swedish krona) for each share of Swedish Match, a premium of...

FDA issues plan to ban menthol in cigarettes, cigars

Apr. 28, 2022 14:56 PM EDT

WASHINGTON (AP) — The U.S. government on Thursday released its long-awaited plan to ban menthol cigarettes and flavored cigars, citing the toll on Black smokers and young people. “The proposed rules would help prevent children from becoming the next generation of smokers and help...

Plan to ban menthol cigarettes prompts late lobbying blitz

Apr. 22, 2022 12:37 PM EDT

WASHINGTON (AP) — As federal officials finalize a long-awaited plan to ban menthol cigarettes, dozens of interest groups have met with White House staffers to try to influence the process, which has the potential to save hundreds of thousands of lives while wiping out billions in tobacco sales. ...