Altria CEO Says May Split Company
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The chief executive officer of Altria Group Inc. (MO.N: Quote, Profile, Research) on Thursday said the maker of Marlboro cigarettes and parent of Kraft Foods Inc.
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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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The Altria conglomerate&#39;s possible breakup raises questions for workers in the Kraft foods and information technology divisions in Hanover Township.
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Italian fashion designer Giorgio Armani said he would rather sell off his company than be a minority shareholder but insisted any new owner must preserve the Armani identity.
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NEW YORK -- Altria Group said Wednesday it would spin off its international tobacco business on March 28, freeing it to pursue cigarette sales more aggressively outside the U.S. by separating it from its American counterpart.
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Cigarette giant says it expects full-year profit to be at the high end of previous forecast range. CHICAGO  - Altria Group Inc.
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The chairman of Italian airline Alitalia  raises new doubts over whether the carrier can survive without a buyer.
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FGIC Corp, a bond insurer whose main  unit has lost its top credit ratings from the three major  agencies, has told New York regulators it wants to split into  two companies, New York Insurance Superintendent Eric Dinallo  said on Friday.
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Business & money: Nine months after cutting prices, parent company Centrica suggests it may soon raise them again
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Executives told The New York Times the two companies may be set to merge.
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The London Stock Exchange was considering making a bid of $2 billion to acquire Borsa Italiana, the operator of the stock exchange in Milan, two people close to the companies said. The two exchanges discussed a potential merger and were set to continue discussions today, a spokesman for Borsa Italiana said. The spokesman, Alessandro Pavesi, said the proposal from the London exchange is the only one being considered. Both exchanges have fended off takeover approaches in the last year, and a merger might help them avoid a takeover in the future, said Rupak Ghose, an analyst at Credit Suisse in London. âIt is not surprising that the L.S.E. is looking at different alternatives to become larger and hence avoid becoming acquired,â Mr. Ghose said in a note to investors.
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Wall Street got more hints that Altria Group Inc., owner of the Philip Morris cigarette companies, may be closer to splitting its domestic and international divisions.
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SAN JOSE, Calif. -- Hewlett-Packard Co.'s board considered on three occasions whether to break up the company, but each time directors unanimously concluded it would be best to keep HP together, chief executive and chairman Carly Fiorina said yesterday.
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Departing CEO cites differences with Chairman Barry Lam over contract manufacturer's stratgeic direction.
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Telecom Italia announced the possible split last week Unions at Telecom Italia have called a strike over proposals to split the firm's fixed line and mobile businesses into two new companies.
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The corporate parent of Celera is exploring whether to turn the Rockville biotechnology firm and an affiliated unit into two independent, publicly traded companies.
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The top executive at Navistar  International Corp.  signaled on Friday that the  company, which has been struggling to get its finances in  order, was open to buyout offers.