Business Wire (Free subscription) | 06/16/2008
NEW YORK--(BUSINESS WIRE)--Loews Corporation (NYSE: LTR) today announced that it is changing its ticker symbol to L, effective at the start of trading on Monday, June 23, 2008. To mark the
GuruFocus Updates (Free subscription) | 06/15/2008
David Dreman reduced to his holdings in others company Lorillard (LO) during the 3-months ended 2008-03-31 by 35.04%. His sale prices were between $ 72.25 and $ 86.89, with an estimated average price of $ 78.3. The impact to his portfolio due to this sale was 0.01 %. His still held 13350 shares as of 2008-03-31. As of last market close, the price of Lorillard (LO) was $ 72.76.
DealBook (Free subscription) | 06/11/2008
The heirs of Laurence Tisch, who died in 2003, and his brother, Preston Robert Tisch, who died in 2005, controlled an estimated 23 percent of Loews stock before the spinoff of its Lorillard tobacco company on Tuesday. Loews’s shares have recently traded near the stock’s record high of more than $53, reached last summer. Lorillard has generally [...]
PR News Wire (Free subscription) | 06/10/2008
GREENSBORO, N.C., June 10 /PRNewswire-FirstCall/ -- Lorillard Inc., (NYSE: ), the third largest manufacturer of cigarettes in the United States, today announced it will begin trading its shares on the New York Stock Exchange under the ticker symbol 'LO.' Loews Corporation had owned 100 percent of Lorillard since 1969 when its predecessor purchased the old P. Lorillard Company. In 2002 Loews issued...
The Street (Free subscription) | 06/05/2008
Carolina Group, a tracking stock, will become an independent Lorillard next week, a best-in-class tobacco franchise.
MarketBeat (Free subscription) | 06/04/2008
Talk about adding insult to injury. Shares of Ambac Financial Group Inc. are down 11% in the early going after Standard & Poor’s late Tuesday said it was removing the stock from the vaunted Standard & Poor’s 500-stock index as of June 10. Index managers strive to track the performance of the index, and so it’s [...]
Seeking Alpha (Free subscription) | 05/18/2008
Greg Wilder ( StockRumors ) submits: It has been an eventful week for rumors. The week started off with rumors supposedly coming from Credit Suisse (CS) on Monday that the Carolina Group (CG) would receive a bid from Reynolds American Inc (RAI). This takeover rumor, combined with the quarterly dividend announcement on Friday, May 9, was primarily responsible for the climb in CG from $69.20 to $74.01...
Business Week (Free subscription) | 05/09/2008
Friday's stocks in the news
Stocks Mutual Funds (Free subscription) | 05/08/2008
I recently checked RJ Reynolds and Carolina Group and I saw that they both have suffered a decline in stock price. In this credit crisis neither of them is a bad choice. I've never owned any shares of RJ Reynolds or Carolina Group, but I might add some if they would slip down a little bit more. They still are a bit expensive in my eyes. If we start with RAI, $53.17 - 72.00 1.063^10 = 1.842. Yes that's...
Business Wire (Free subscription) | 05/03/2008
CHARLOTTE, N.C.--(BUSINESS WIRE)--GCG Wealth Management reported that it achieved the highest rate of growth of any Securian Financial Network member firm for the first quarter of 2008. Year
Stocks to Watch Today (Free subscription) | 04/30/2008
CITI SUPER-SIZES OFFERING Oops … our bad. That Citigroup (C) offering we previously mentioned ….? Turns out, wasn't $3 billion in common stock. It priced $4.5 billion in common stock. (For those keeping score at home, that's more dilutive to shareholders than it would have been.) The price: $25.27 a share, a four percent discount to [...]
Stocks to Watch Today (Free subscription) | 04/28/2008
LOEWS SKIDS AS PARTS FALTER The occasionally unwieldy corporate structure of Loews (LTR) is aimed, at least in part, of insulating its disparate asset portfolios from being assaulted by the occasional hiccup in any one of its lines of business. The fly in that ointment: when virtually all its businesses fail at once. That's what the [...]
The Business Journal of the Greater Triad Aera (Free subscription) | 04/28/2008
Carolina Group, a tracking stock tied to the performance of Greensboro tobacco company Lorillard Inc., said Monday its first-quarter earnings of $171 million, down 9.5 percent from the $189 million profit from the first quarter of 2007.
Business Wire (Free subscription) | 04/28/2008
NEW YORK--(BUSINESS WIRE)--Loews Corporation (NYSE:LTR) today reported Carolina Group net income for the first quarter of 2008 of $171 million, compared to $189 million in the first quarter
Business Wire (Free subscription) | 04/28/2008
NEW YORK--(BUSINESS WIRE)--Loews Corporation (NYSE:LTR;CG) today reported consolidated net income (including both the Loews Group and Carolina Group) for the first quarter of 2008 of $662
