Altria Plans to Spin Off Overseas Division in March
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The Altria Group said Wednesday that it would spin off its international tobacco business on March 28, freeing it to pursue cigarette sales more aggressively outside the United States.
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Altria Group Inc  said on Wednesday it plans to spin off its international tobacco unit but will not give details on the timing of the much anticipated move until January.
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Morgan Stanley, the second-largest investment bank by market value, said on Tuesday it will spin off its Discover credit-card division and posted better-than-expected quarterly results on strong banking and trading.
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Altria Group Inc., the owner of cigarette maker Philip Morris and Kraft Foods Inc., may separate into two or three units after tobacco litigation dragged down the stock.
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G.E.'s sale may set off a trend as other multinational companies move from owning back-office units to outsourcing to independent companies.
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Altria Group Inc., the parent of tobacco company Philip Morris, Wednesday raised its regular quarterly dividend to 73 cents from 68 cents.
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Altria Group Inc.  said it plans to move  its U.S.-based cigarette production for non-U.S. markets to its  facilities in Europe and will close its Cabarrus, North  Carolina manufacturing facility by the end of 2010.
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Altria Group Inc. (MO.N: Quote, Profile, Research) is preparing to split up the company or find another means of &quot;maximizing shareholder value&quot; when tobacco litigation hurdles are cleared
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Altria Group Inc.  on Wednesday  said it plans to spin off its 89 percent stake in Kraft Foods  Inc.  on March 30, completing the long-awaited  separation of the maker of Oreo cookies from the Philip Morris  tobacco companies.
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American Express Co. AXP.N, a global  credit card and travel services company, on Tuesday said it  will spin off its personal finance unit, American Express  Financial Advisors, to shareholders in the third quarter.
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American Express Co. , a global credit card and travel services company, on Tuesday said it will spin off its personal finance unit, American Express Financial Advisors, to shareholders in the third quarter.
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Rank Group is working on plans to split off its Deluxe international film and DVD business to focus on bingo, casinos and Hard Rock cafes.
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NEW YORK, August 25 (New Ratings) - Altria Group Inc (MO.NYS), the parent group of the tobacco company, Philip Morris, raised its regular quarterly dividend today from $0.
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InterActive Corp, the media group run by US entrepreneur Barry Diller, on Tuesday outlined plans to spin off its Expedia online travel group as part of an effort to maximise the potential of both businesses.
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The new company, the product of the merger between TruSecure and Betrusted, will operate in Europe, Asia and North America.
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WELLINGTON (Dow Jones)--Insurer Tower Group Ltd. (TWR.NZ) said Monday it will go ahead with the spin-off of its Australian wealth management businesses and use the cash proceeds to grow and develop new businesses.
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The company behind the weekly "Top 20" seeks overseas expansion.