• Investopedia

    Tobacco Stocks Gain Amid Heat-Not-Burn Product Growth

    Buyers returned to tobacco stocks last week on hopes that smokeless products may offset declining cigarette volumes.

  • Simply Wall St.

    An Intrinsic Calculation For Boyd Gaming Corporation (NYSE:BYD) Suggests It's 25% Undervalued

    How far off is Boyd Gaming Corporation (NYSE:BYD) from its intrinsic value? Using the most recent financial data...

  • Bernie Sanders' Economic Plan: A Second Bill of Rights
    Investopedia

    Bernie Sanders' Economic Plan: A Second Bill of Rights

    Bernie Sanders could be elected "Organizer in Chief" in 2020. Here's what that would mean for the American economy.

  • Thomson Reuters StreetEvents

    Edited Transcript of WYNN earnings conference call or presentation 6-Feb-20 9:30pm GMT

    Q4 2019 Wynn Resorts Ltd Earnings Call

  • Volatility 101: Should Anheuser-Busch InBev (EBR:ABI) Shares Have Dropped 42%?
    Simply Wall St.

    Volatility 101: Should Anheuser-Busch InBev (EBR:ABI) Shares Have Dropped 42%?

    The main aim of stock picking is to find the market-beating stocks. But even the best stock picker will only win with...

  • GuruFocus.com

    Look for Products That Travel Well

    With the existence of a moat being out of the question, a 'travelable' product can make it far easier for a business to become a long-standing, value-generative 'equity' compounder Continue reading...

  • MGM Resorts sued over data breach that possibly involved 10.6 million guests
    Reuters

    MGM Resorts sued over data breach that possibly involved 10.6 million guests

    The lawsuit was filed by law firm Morgan & Morgan, whose lawyer John Yanchunis has also represented some Yahoo users in a breach of 3 billion accounts between 2013 and 2016. MGM Resorts said on Thursday that last summer it "discovered unauthorized access to a cloud server that contained a limited amount of information for certain previous guests". Technology website ZDNet reported that the personal details of more than 10.6 million guests who stayed at MGM Resorts hotels were published on a hacking forum this week.

  • Barrons.com

    The New Face of L Brands: Baths, Not Lingerie

    The company is selling off a controlling stake in Victoria’s Secret and losing its longtime CEO Leslie Wexner, That should allow it to focus on its successful Bath & Body Works brand.

  • Thomson Reuters StreetEvents

    Edited Transcript of BYD earnings conference call or presentation 20-Feb-20 10:00pm GMT

    Q4 2019 Boyd Gaming Corp Earnings Call

  • U.S. SEC probes Altria's investment in Juul: source
    Reuters

    U.S. SEC probes Altria's investment in Juul: source

    The U.S. Securities and Exchange Commission is investigating whether the Marlboro maker adequately disclosed the risks to its shareholders when it spent $12.8 billion in 2018 for a 35% stake in the start-up, the Wall Street Journal reported earlier on Friday. The SEC has issued subpoenas to Juul and the e-cigarette maker has responded, according to the person familiar with the matter. Juul has turned over documents including correspondence with Altria and financial projections Juul shared with Altria before the deal, the person said.

  • Altria Dips After Report SEC Investigating Probe of Juul Stake
    Bloomberg

    Altria Dips After Report SEC Investigating Probe of Juul Stake

    (Bloomberg) -- Altria Group Inc. shares dipped Friday after a report in the Wall Street Journal that the U.S. Securities and Exchange Commission had opened a probe into the cigarette maker’s $12.8 billion investment into vaping company Juul Labs Inc.Shares of Altria closed Friday at $45.89 in New York, up 0.7% after gaining as much as 1.4% earlier in the day. The Journal said the SEC is probing whether Altria adequately disclosed the risks of the investment. The tobacco company has written its position down to $4.2 billion amid new restrictions on Juul’s business and scrutiny over whether the vaping company hooked a new generation of young users on nicotine. Judy Burns, an SEC spokeswoman, declined to comment. Representatives for Juul and and Altria declined to comment.Altria invested in Juul in late 2018, valuing the vaping startup at about $38 billion at the time. In announcing the most recent writedown, Altria said it had narrowed the terms of its cooperation with Juul, saying it would no longer give it marketing help and would instead focus solely on assisting Juul through its growing regulatory challenges.Juul can only keep selling its products in the U.S. if it submits an application to the Food and Drug Administration by May 12 -- and if the agency eventually approves it.Altria has been “highly disappointed” in its Juul investment, CEO Howard Willard said in January. When the tobacco giant first made its investment, “Juul was the market share leader and market growth leader” in vaping, he said.K.C. Crosthwaite, a former Altria executive who is now Juul’s CEO, has said that he is focused on building the e-cigarette maker for the long-term by preparing premarket tobacco product applications to earn authorization in the U.S. Juul’s latest internal valuation has put the company’s value at about $20 billion, according to an internal memo sent to staff and described to Bloomberg News.To contact the reporter on this story: Drew Armstrong in New York at darmstrong17@bloomberg.netTo contact the editor responsible for this story: Drew Armstrong at darmstrong17@bloomberg.netFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Dunkin’ is more popular than Tom Brady in this Bay State poll
    American City Business Journals

    Dunkin’ is more popular than Tom Brady in this Bay State poll

    Joshua Dyck, director of the Center for Public Opinion, says the Dunkin’ rating “pops off the page.”

  • Inside the Philip Morris campaign to 'normalize' a tobacco device
    Reuters

    Inside the Philip Morris campaign to 'normalize' a tobacco device

    Alongside the likes of Mercedes-Benz and Swiss watchmaker Chopard was a newer name: IQOS, a "reduced risk" heated-tobacco device sold by cigarette maker Philip Morris International Inc. Across Europe, Asia and South America, the tobacco firm has affixed the IQOS brand to music festivals and art exhibits. Throughout Europe, it has partnered with "IQOS friendly" bars and restaurants - closed to cigarettes but open to IQOS.

  • This European company isn’t sugarcoating its coronavirus problem
    MarketWatch

    This European company isn’t sugarcoating its coronavirus problem

    Pernod Ricard, the maker of Jameson whiskey and Absolut vodka, cut its annual profit growth outlook for 2019-2020 on Thursday, as it said China’s coronavirus epidemic was likely to have a “severe” impact on its third-quarter performance. The French spirits maker, which generates 10% of its global sales in China, said it couldn't predict the “duration and extent of the impact,” but stressed it remained confident on overall strategy. “In our view Pernod Ricard deserves credit for attempting to quantify the impact, which few other companies we follow have done,” said James Edwardes Jones, analyst at RBC Capital Markets.

  • Company News for Feb 21, 2020
    Zacks

    Company News for Feb 21, 2020

    Companies In The News Are: IOTS, CYH, SAM, VMI

  • MarketWatch

    The hard seltzer craze will hurt AB InBev stock despite Bud Light Seltzer success, JP Morgan says

    Budweiser brewer Anheuser-Busch InBev has been downgraded by JP Morgan over intensifying competition from hard seltzer in the U.S. and the impact of the coronavirus.

  • Boyd Gaming (BYD) Q4 Earnings & Revenues Beat Estimates
    Zacks

    Boyd Gaming (BYD) Q4 Earnings & Revenues Beat Estimates

    Boyd Gaming's (BYD) fourth-quarter 2019 earnings improve on the back of strong segmental performance.

  • Investopedia

    3 Leveraged ETFs to Trade a Stock Market Correction

    Think the market is due for a correction? Position for falling stock prices using these three leveraged ETFs.

  • Thomson Reuters StreetEvents

    Edited Transcript of SAM earnings conference call or presentation 19-Feb-20 10:00pm GMT

    Q4 2019 Boston Beer Company Inc Earnings Call

  • M&A deals dwindled in Oregon during 2019 (Infographic)
    American City Business Journals

    M&A deals dwindled in Oregon during 2019 (Infographic)

    There were fewer deals and the overall value was down, yet there were still some major acquisitions made last year.

  • Boyd Gaming (BYD) Tops Q4 Earnings and Revenue Estimates
    Zacks

    Boyd Gaming (BYD) Tops Q4 Earnings and Revenue Estimates

    Boyd (BYD) delivered earnings and revenue surprises of 6.38% and 0.96%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Philip Morris' campaign to "normalize" IQOS
    Reuters Videos

    Philip Morris' campaign to "normalize" IQOS

    Alongside fashionable brand names like Mercedes-Benz and Chopard on the red carpet backdrop at Germany's Bambi Awards last year: IQOS. That's Philips Morris' alternative cigarette that heats up but doesn't burn ground-up tobacco. A study by tobacco researchers at Stanford University says such promotions are part of the company's "normalization" strategy. That strategy, it says, aims to scrub the company's image as a maker of cigarettes that cause cancer ... and market its smoking alternatives as youthful, upscale lifestyle products. The Stanford professor who led the study says Philip Morris is trying to resurrect the glory era of smoking by associating IQOS with a glamorous and stylish lifestyle. Last year, a Reuters investigation found that Philip Morris had used young online personalities to promote IQOS. That prompted the company to admit that it had violated its own policy that prohibits it from using youth-oriented celebrities or models who are or appear to be under 25. But the Stanford study says IQOS marketing continues to substantially stray from those corporate standards by using youth-oriented social media channels, trendy pop music festivals and celebrity influencers. In Israel, the brand was present at a Tel Aviv University student music festival last year where the minimum age for admission was 16. Philip Morris partners with Altria to sell IQOS in about 50 countries including the U.S. They've pledged to regulators that they would market it only to adult smokers. But in other countries, the Stanford study says the company uses what it calls "coaches" and "ambassadors" to market IQOS. In Romania and Russia, THAT MEANS RECRUITING ATTRACTIVE WOMEN AS YOUNG AS 19 TO MARKET THE DEVICE, ACCORDING TO JOB LISTINGS REVIEWED BY REUTERS. Philip Morris did not respond to questions about its business relationships with the establishments that promote the device and display its branding.