Big Business
Associated Press/Photo by Steven Senne (file)

Vaping giant Juul turns off marketing

by Rachel Lynn Aldrich
Posted 9/25/19, 11:22 am

Juul is shutting down broadcast, print, and digital advertising, as well as lobbying efforts in Washington. The electronic cigarette maker said Wednesday a senior executive from tobacco giant Altria, which owns a 35 percent stake in Juul, would replace CEO Kevin Burns. Altria and Phillip Morris International called off discussions of a merger amid Juul’s upheaval.

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Associated Press/Photo by Ted S. Warren (file)

Boeing begins payments to bereaved families

by Rachel Lynn Aldrich
Posted 9/24/19, 10:50 am

Families have until Dec. 31 to file a claim to receive $144,000 for the deaths of their loved ones in the crashes of Boeing 737 Max airplanes. Dozens of families are suing the Chicago-based company after planes went down in October 2018 and March of this year, killing nearly 350 people flying out of Indonesia and Ethiopia. “$144,000 doesn’t come close to compensating any of our families or any of the families,” Nomaan Husain, a Texas-based attorney who is representing 15 families, told the BBC.

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Associated Press/Photo by Rich Pedroncelli (file)

Colt suspends AR-15 production

by Rachel Lynn Aldrich
Posted 9/20/19, 10:10 am

The gun-maker said it is shifting focus to fulfilling military and police contracts. Colt said Thursday that it is suspending production of its rifles for the civilian market, including the semi-automatic AR-15. Colt CEO Dennis Veilleux said in a statement that the company remains committed to the Second Amendment.

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