Business Services Industry
Loews Corp. Says Newport Cigarette Investments Decreased Third-Quarter Profit.
Knight Ridder/Tribune Business News, November, 2003
By Brian Louis, Winston-Salem Journal, N.C. Knight Ridder/Tribune Business News
Nov. 13--Loews Corp. said yesterday that third-quarter profit decreased 39 percent for its Carolina Group tracking stock because of investment losses and increased promotional spending on its Newport menthol cigarette brand.
Carolina Group reflects the business performance of Loews' Lorillard Inc. subsidiary, which is based in Greensboro, and makes Newport. Loews, a conglomerate based in New York, has a 77 percent interest in the earnings of Carolina Group. The public holds the rest.
Shares of Carolina Group closed 88 cents lower at $23.88, on a day when the overall stock market rallied.
Lorillard, along with other major cigarette makers, have...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express