BAT, British American Tobacco
BAT Takes $31.5 Billion Charge on U.S. Cigarette Brands
British American Tobacco, the maker of the Camel, Newport and Pall Mall brands, says its U.S. sales were hit by smokers switching to cheaper products.
BAT writes down $31.5 billion from value of U.S. cigarette brands
British American Tobacco said it would take a hit of around $31.5 billion as it writes down the value of some U.S. cigarette brands, acknowledging on Wednesday that its traditional market has no long-term future.
British American Tobacco writes down $31.5 billion as it shifts its business away from cigarettes
Shares of British American Tobacco tumbled Wednesday after the owner of Camel and American Spirit cigarettes took an impairment charge of about $31.5 billion, mainly related to its struggling U.S. cig
British American Tobacco Stock Sinks on $31.5 Billion Impairment
British American Tobacco stock sank to decade-plus lows Wednesday, after the maker of Dunhill and Lucky Strike cigarettes warned of a likely $31.5 billion writedown tied to its U.S. brands. BAT's Lond
BAT's US writedown puts tobacco transition in spotlight
British American Tobacco's admission that its U.S. cigarette brands will be worthless within decades has ramped up pressure on the company to prove it can better compete in alternatives like vapes.
British American Tobacco writes down £25bn as it moves away from cigarettes
Shares in British American Tobacco tumbled on Wednesday after the owner of Camel and American Spirit cigarettes took an impairment charge of about
The Clock is Ticking on Improving China-U.S. Relations, Experts Say
Participants in a task force at the DealBook Summit said President Xi seemed ready to expand economic relations. But for how ...
Stock Market Today: U.S. Indexes Lose Steam in Afternoon Trading
Germany's benchmark stock index, the Dax, notched its second straight record close on Wednesday. One important contributor to ...
U.S. business activity steady in November - S&P Global survey
U.S. business activity held steady in November, but employment in the private sector declined for the first time in almost ...
U.S. Spending on Clean Energy and Tech Spurs Allies to Compete
Other governments, particularly in Europe, are trying to counter the Biden administration’s industrial policies with their ...
What’s News: Business & Finance
The Nasdaq, S&P 500 and Dow industrials lost 0.8%, 0.5% and 0.1%, respectively.The succession race is on at Johnson & Johnson, after the abrupt departure of a top executive widely believed to have ...
Bringing Balance To The System: How Mastercard Partnerships Supports City-Based Equity Focused Business Acceleration
Although every U.S. community is different, some systemic inequities that have plagued the nation have impacted many American ...
Best Business Credit Cards of December 2023
Our expert recommendations help you choose the best business credit cards to fit your spending style, rewards preferences, and financial goals.
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Brim Financial Forms Strategic Partnership with Mastercard to Modernize Credit Card Infrastructure in the U.S.
Brim Financial, one of the fastest growing Credit-Card-as-a-Service companies, today announced a strategic partnership with Mastercard, designed to po ...