Altria to Spin Off International Unit
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A spinoff of Philip Morris International would be the latest step in a restructuring process started in March when Altria spun off its majority stake in Kraft Foods.
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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  is splitting the Marlboro cigarette business apart, saying Wednesday that it will spin off its Philip Morris International unit in move seen as unlocking the value of that faster growing business.
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Altria Group Inc.  posted lower quarterly profit on Wednesday, due in part to costs for closing a U.S. cigarette plant as it moves some production to Europe in a move to cut costs and reduce excess capacity.
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Altria Group Inc.  on Tuesday 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, N.C., manufacturing facility by the end of 2010.
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Altria Group Inc.  posted lower  quarterly profit on Wednesday, due in part to costs for closing  a U.S. cigarette plant as it moves some production to Europe in  a move to cut costs and reduce excess capacity.
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American Express Co., the global  credit card and travel services company, said on Tuesday it  will spin off its less-profitable personal finance unit,  boosting earnings prospects and its stock to the highest level  in more than four years.
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Tiger Telematics Inc acquired the UK headquartered company Integra SP and its real-time front end product AltioLive. This technology will be used to establish its new product line, codenamed Bizmondo.
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Tre soluzioni: vendita, spin-off o maggiore integrazione
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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 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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Privately-owned Dutch steelmaker LNM Group said Monday it plans to merge its two main divisions, Ispat International NV and LNM Holdings NV, and then take over U.S.-based International Steel Group Inc.
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Manhattan-based financial services firm Cantor Fitzgerald said Tuesday it is spinning off its inter-dealer voice brokerage business and will concentrate on sales and trading, investment banking, asset management and other institutional services.
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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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NEW YORK (Dow Jones/AP) -- Altria Group Inc. is beginning to make the needed preparations to possibly split up into several parts in order to maximize shareholder value, chairman and chief executive Louis Camilleri said Thursday.
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Loews, which has interests in financial services, hotels and watches, said it plans to spin off Lorillard, one of the largest U.S. cigarette makers, into a separate publicly traded company.
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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.