WellPoint Will Split Into Two Divisions
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The health insurer said it planned to reorganize into two divisions to meet the needs of the growing elderly population.
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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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IAC/InterActive Corp. plans to split itself in two by spinning off online travel service Expedia.com and related businesses into a company called &quot;Expedia,&quot; saying IAC&#39;s public perception as a travel company was hindering its growth.
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The discount retailer's forced to reorganize its flagging apparel business.
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Make me feel brand new Morse is splitting in two and promoting the bosses of two of its acquisitions to lead the new units, the firm said in a statement today.â¦
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SunGard Data Systems Inc. plans to split into two companies: one focused on software and processing services and the other on business continuity, availability and disaster recovery services.
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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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The apparel company said it would reorganize into two units and name Andrew Warren as its chief financial officer.
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Just when you thought it was safe to go and shop for a wireless phone plan, the competitive landscape has once again shifted. This comes as no surprise as cutthroat industries with numerous players are bound to undergo consolidation.
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The job cuts are a part of the company&#39;s efforts to shift its focus to business services and cut costs amid the competitive long-distance telephone services market.
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By Christopher Bowe and Andrew Jack in Whitehouse Station, New Jersey. Merck has quickened the pace of its restructuring with plans to cut a further 700 jobs, targeting about $3bn in savings by the end of 2008
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By Gordon, James  ALLTEL CORP.'S SPIN-OFF OF ITS WIRELINE division last summer represented a split of the company's future from its past, separating its highgrowth wireless division from its shrinking wireline division.
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A panelÂs sweeping plan would mark an epochal shift for an industry that has fiercely resisted shrinkage.
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Unit, a big operator in Iraq, will be separated if it doesn&#39;t perform after restructuring. NEW YORK  - Halliburton Co.
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NEWARK, Del., June 18, 2007 (PRIME NEWSWIRE) -- Innospec Inc. (Nasdaq:IOSP) today announced that its Board of Directors has approved a 2-for-1 stock split to be effected in the form of a 100 percent stock dividend.
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The job cuts come as part of A.I.G.âs move to combine units with the newly acquired 21st Century Insurance Group.
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Time's running out to switch your Part D provider.