AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Parent of Greensboro, N.C.-Based Tobacco Firm Sees 26 Percent Drop in Profits.
Byline: Brian Louis
Feb. 13--Loews Corp. said yesterday that fourth-quarter profit fell 25.7 percent for its Carolina Group tracking stock as sales dropped because of increased promotional spending.
"2003 was a relatively difficult year in terms of earnings for the tobacco industry," James Tisch, the chief executive of Loews, said during a conference call with analysts.
Carolina Group reflects the business performance of Loews' Lorillard Inc. subsidiary, which is based in Greensboro and makes Newport. Loews, a conglomerate based in New York, sold 18 million shares of Carolina Group in November, reducing its interest in the earnings of the group to …
-
- Promotional Spending Drops Profits for Loews Corp.'s Carolina Group.
-
News wire article from: Winston-Salem Journal
April 30, 2004
700+ words
-
- Loews unit Carolina Group shows 32 percent rise in second quarter.
-
News wire article from: Winston-Salem Journal
August 2, 2006
700+ words
-
- Tobacco unit boosts stock for Loews Corp.'s Carolina Group tracking stock.
-
News wire article from: Winston-Salem Journal
October 27, 2005
700+ words
-
- Loews Posts Drop in Quarterly Profit for Its Carolina Group.
-
News wire article from: Winston-Salem Journal
November 8, 2002
700+ words
-
- Architectural firm in Winston-Salem merges with South Carolina group.
-
News wire article from: Knight Ridder/Tribune Business News
January 22, 2005
700+ words
