Altria plans to split businesses
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Altria, the owner of food company Kraft and the world's biggest cigarette maker Philip Morris, may split itself up to help limit the effect of legal battles.
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Kraft Foods wants to spin off from the Altria Group and be free of what many Kraft employees refer to as the Âtobacco taint.Â
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Altria&#39;s  planned split into  separate U.S. and international tobacco companies will lift the  company&#39;s stock even though investors&#39; reaction has been only  lukewarm, financial newspaper Barron&#39;s said in its September 17  edition.
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IAC/InterActive Corp. IACI.O plans  to split itself in two by spinning off travel site Expedia.com  and related businesses, saying the perception that its  operations are exclusively travel-related is hindering growth.
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IAC/InterActiveCorp has announced plans to split into two publicly traded companies, keeping some operations under the IAC name and placing others under the Expedia brand.
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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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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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Alitalia, Italy&#39;s largest airline, said it plans to cut 5,000 jobs, or about a quarter of its regular work force, and split into two companies to save $1.
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The Altria Group, the cigarette maker, will close a North Carolina factory and increase European production to save $335 million a year by 2011. The shutdown of the plant in Cabarrus County will result in a one-time charge of $325 million in the second quarter, Altria said. The company, which is based in New York, may be preparing to spin off its international unit, analysts and investors said. Factories in Europe will take over production of Marlboros and other cigarettes bound for Japan and the Middle East, which are currently being made in North Carolina. All of Altriaâs United States output will be shifted to Richmond, Va. Closing the North Carolina facility, which employs 2,500, will cost about 10 cents a share in the second quarter, Altria said. Expenses will total $670 million by 2011.
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Altria's  planned split into separate U.S. and international tobacco companies will lift the company's stock even though investors' reaction has been only lukewarm, financial newspaper Barron's said in its September 17 edition.
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Telecom Italia, in a reversal of a recent and expensive consolidation, announced plans to spin off its fixed-line and mobile phone businesses into two companies.
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Altria announces plans to spin off its Philip Morris International tobacco arm, allowing it to focus on emerging markets.
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Bond insurers may be split into two businesses -- one to guarantee municipal bonds and the other to back riskier securities linked to troubled mortgages -- in what would be the biggest overhaul of the industry since it was created almost four decades ago.
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CHICAGO (CBS.MW) -- Shares of Altria jumped more than 8 percent Thursday after the company&#39;s chief executive said 2004 earnings would come in at the high end of previous expectations and that the company is looking at splitting up.
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Two familiar Italian restaurant chains are joining forces but they will keep their names and separate formats.
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Altria Group Inc. (MO.N: Quote, Profile, Research) has begun preparing itself for a possible break-up to gain fuller market value for its businesses, its chief executive
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MILAN, Sept. 26 Â It started with the announcement of a clear-cut plan to split up ItalyÂs largest phone company, Telecom Italia, into separate mobile and fixed-line units.