Altria sets Philip Morris spinoff date
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Altria Group Inc  posted lower quarterly profit on Wednesday due to the spinoff last year of Kraft Foods Inc , and set March 28 as the date for its planned spinoff of Philip Morris International.
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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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Prada, the Italian fashion house, is getting ready to send its latest styles down the runways in Milan this week. But the timing of Prada's other big show â its initial public offering â is far less certain. Although the company began talking about going public as early as 2000, it has postponed the event [...].
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In the best combination of tobacco &#39;n&#39; food news since Homer Simpson&#39;s tomacco, today Altria Group (NYSE: MO) and its cheesy stepchild Kraft (NYSE: KFT) both upped their dividends.
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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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Philip Morris USA, the tobacco company, will test-market four flavors of a smokeless tobacco product known as snus under the Marlboro brand name.
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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 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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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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The recent decision by conglomerate Loews  to spin off its Lorillard tobacco unit could boost its stock by shrinking its total shares outstanding by 20 percent and eliminate much of the remaining tobacco-liability risk, Barron's said on Sunday.
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Borse Dubai and Nasdaq's public offer for Nordic stock exchange operator OMX should be launched in January, OMX chief executive Magnus Boecker said on Wednesday.
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Altria said the move would free Philip Morris International to pursue cigarette sales more aggressively outside the United States by separating it from its Virginia-based counterpart.
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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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ST. LOUIS, June 8  /PRNewswire-FirstCall/ -- Sigma-Aldrich Corporation  will be presenting at the NASDAQ 19th Investor Program on Tuesday, June 19th at 10:45 AM GMT in London.  Interested parties may listen via live audio broadcast over the Internet available at http://ir.sigmaaldrich.com/.
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In other changes, the Dow Jones industrial average will drop Altria Group and Honeywell International. The changes will take effect Feb. 19.
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Altria Group Inc. (MO.N: Quote, Profile, Research) has begun preparing itself for a possible break-up, once tobacco lawsuit hurdles are cleared, to realize fair value for
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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.