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This basket consists of stocks that serve the 18+ crowd, such as casinos, alcohol, tobacco, and strip clubs.
Las Vegas Sands (LVS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
India's health ministry has proposed a ban on the production and import of electronic cigarettes, documents seen by Reuters showed, potentially jeopardizing the expansion plans of big firms like Juul Labs and Philip Morris International . The ministry has proposed that the government issue an executive order banning the devices in the public interest, saying it was needed to ensure e-cigarettes don't become an "epidemic" among children and young adults. Health officials are proposing jail terms of up to three years, with a penalty of up to 500,000 rupees (£5,770), for repeat offenders against the new rules, according to a draft of the executive order.
Boston Beer (SAM) remains committed to the three-point growth plan. Also, the company's focus on cost savings, long-term innovation, and the revival of Samuel Adams and Angry Orchard brands bode well.
Japan's second-largest city, Yokohama, said on Thursday it would bid to host a casino resort, a newly legalised industry the government hopes will stimulate the economy and tourism. Yokohama, facing Tokyo Bay and located a short train ride from the capital, joins candidates such as Osaka, Nagasaki and Wakayama vying to host integrated resorts (IR) expected to attract more tourists and investment. Las Vegas Sands Corp promptly announced interest in Yokohama, saying it would pursue IR development there or in the capital rather than in Osaka.
Altria (MO) stock has lagged the broader market in 2019. On August 17, the CDC noted that it is investigating lung diseases linked to e-cigarette use.
Boyd Gaming (BYD) continues to expand its portfolio by strengthening current operations and growing through capital investment as well as other strategic measures.
When Akiyoshi Koji, the chief executive of Japan’s largest brewer Asahi, met Carlos Brito, his deal-addicted counterpart at Anheuser-Busch InBev , this year to express his interest personally in the Belgian ...
Big US pension funds and impact investors will this month step up pressure on companies to reduce the gender pay gap by trying to compel them to disclose the difference in how they treat men and women. The states of Connecticut, Minnesota and Oregon are among the investors that are pressing companies to disclose more information about how women are recruited, promoted and paid. The investors want new disclosures about the promotion gap between men and women as well as information about how women are compensated as they climb the corporate ladder.
Millennial and Gen Z drinkers reveal they are ditching beer for hard seltzers like White Claw, because beer "makes them fat," according to a new survey.
The company did not break out the ratio of equity and debt offered, but a source familiar with the matter told Reuters that Juul sold convertible debt in a bridge financing to bolster its balance sheet. Juul, 35% owned by Marlboro maker Altria Group Inc , has over the past year focussed its efforts on growing outside the United States, as American regulators increase oversight of e-cigarette products that are wildly popular among teenagers. The company launched its products in South Korea, Philippines and Indonesia at around the same time the city of San Francisco, where Juul is headquartered, approved an ordinance to ban the sale and distribution of e-cigarettes until manufacturers get approval from the U.S. Food and Drug Administration.