Altria up on outlook, possible breakup
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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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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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Standard &amp; Poor&#39;s on Tuesday changed its outlook on IAC/InterActiveCorp.(IACI.O: Quote, Profile, Research) to stable from positive, citing IAC&#39;s plans to spin off its online travel service Expedia.
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European equity markets were lifted by a rebound in the financial sectors on Tuesday, with Italy's Capitalia leading banks higher after Spain's Santander was reported to be poised to raise its stake to around 5 per cent.
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Auto insurer posts strong earnings, but a down cycle may be about to begin.
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The Altria Group, parent of the Philip Morris tobacco companies, posted stronger-than-expected quarterly profit on higher prices in the U.S. and the weaker dollar.
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Sepracor (Nasdaq: SEPR) scored a major victory yesterday, though investors should have their eyes wide open when considering the stock.
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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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Altria Group Inc. MO.N, on Tuesday  posted higher quarterly profit, as higher income from its stake  in brewer SABMiller Plc SAB.L and the weak dollar offset  weakness in domestic tobacco and its Kraft food business.
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Sales might be down, but the stocks are rising.
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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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Letter: Analysts observation not exactly earthshaking.
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The stakes are getting higher for one of the advertising industry&#39;s biggest holding companies. With talk of a sale or breakup of France&#39;s Havas, reports emerged yesterday
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Company has revised its financial forecasts for the current quarter.
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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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Altria Group Inc. MO.N, whose  products range from Marlboro cigarettes to Kraft macaroni and  cheese, on Tuesday posted higher quarterly profit, helped by  higher cigarette sales outside the United States.
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tocks ended higher yesterday after Ford Motor raised its earnings forecasts but gains on the Nasdaq were checked after the wireless technology provider Qualcomm said an accounting review might reduce pretax income.