Altria and Philip Morris’ stocks fall with BAT after news of huge write-down

Altria and Philip Morris’ stocks fall with BAT after news of huge write-down

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Altria Group Inc. and Philip Morris International Inc. shares fell more than 3% Wednesday, caught up in the downdraft created by British American Tobacco’s massive $31.5 billion write-down of its cigarette brands. BAT’s stock BATS, was down 10% in London after it announced the write-down, which…

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