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Juul Labs Inc will cut nearly $1 billion in costs next year, a company official said on Tuesday, as its new chief executive officer tries to turn around the e-cigarette maker following a regulatory crackdown. K.C. Crosthwaite, a former executive at major shareholder Altria, is tasked with fixing the company’s battered public image and shrinking valuation as the regulatory moves on vaping threaten to upend the fast-growing industry. The official also said Juul would cut around 650 jobs, or 16% of its 4,051 strong workforce, starting Tuesday. …read more […]

Juul Labs Inc will cut nearly $1 billion in costs next year, a company official said on Tuesday, as its new chief executive officer tries to turn around the e-cigarette maker following a regulatory crackdown. K.C. Crosthwaite, a former executive at major shareholder Altria, is tasked with fixing the company’s battered public image and shrinking valuation as the regulatory moves on vaping threaten to upend the fast-growing industry. The official also said Juul would cut around 650 jobs, or 16% of its 4,051 strong workforce, starting Tuesday. …read more […]

It’s really great to see that even after a strong run, United Rentals (NYSE:URI) shares have been powering on, with a… …read more […]

It’s only natural that many investors, especially those who are new to the game, prefer to buy shares in ‘sexy’ stocks… …read more […]

It’s only natural that many investors, especially those who are new to the game, prefer to buy shares in ‘sexy’ stocks… …read more […]

Disney+ and Apple TV+ launched in the same month, but that’s about all they have in common. …read more […]

Long term investing works well, but it doesn’t always work for each individual stock. It hits us in the gut when we… …read more […]

LOS ANGELES (AP) _ Aecom Technology Corp. (ACM) on Tuesday reported a fiscal fourth-quarter loss of $474.2 million, after reporting a profit in the same period a year earlier. Earnings, adjusted for one-time gains and costs, came to 79 cents per share. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share. …read more […]

JetBlue Airways Corp on Tuesday became the latest U.S. airline to launch a low-fare option in an effort to rival basic economy offerings from major airlines and meet competition from ultra low-cost carriers. The new fare, to be called “Blue Basic,” will allow one carry-on bag – space permitting – and free seat selection 24 hours before the flight, but those passengers will be the last to board the plane. “There is a growing customer segment that really values low fares and that are willing to trade off certain benefits,” JetBlue President Joanna Geraghty told Reuters. …read more […]