2006 Press Releases
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11/14/06Loews Corporation Announces Quarterly Dividend on Carolina Group Stock
NEW YORK--(BUSINESS WIRE)--Nov. 14, 2006--Loews Corporation (NYSE:LTR; NYSE:CG) announced today the declaration of a quarterly dividend on its Carolina Group stock, in the amount of $0.455 per share, payable December 11, 2006 to shareholders of record as of December 1, 2006. The Company also stated that concurrently with the declaration of the dividend on Carolina Group stock, approximately $124,262,000 has been applied from funds available in the Carolina Group to reduce ... 
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11/14/06Loews Corporation Announces Quarterly Dividend on Common Stock
NEW YORK--(BUSINESS WIRE)--Nov. 14, 2006--Loews Corporation (NYSE:LTR) announced today the declaration of the Company's quarterly dividend of $0.0625 per share of Common Stock, payable December 11, 2006 to shareholders of record on December 1, 2006. CONTACT: Loews Corporation Peter W. Keegan Senior Vice President 212-521-2950 Candace Leeds V.P. of Public Affairs 212-521-2416 ... 
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11/10/06Loews Corporation to Webcast Lorillard Presentation at Morgan Stanley Global Consumer & Retail Conference
NEW YORK--(BUSINESS WIRE)--Nov. 10, 2006--Loews Corporation (NYSE: LTR; CG) announced today that Martin Orlowsky, Chief Executive Officer of Lorillard Tobacco Company, a subsidiary of Loews Corporation, will make an investor presentation at the Morgan Stanley Global Consumer & Retail Conference on Wednesday, November 15, 2006 at approximately 9:20 a.m. Eastern Time. The audio webcast and presentation materials will be made available live and for replay at www.loews.com. Lorillard ... 
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10/31/06Carolina Group Reports Net Income for the Third Quarter of 2006
NEW YORK--(BUSINESS WIRE)--Oct. 31, 2006--Loews Corporation (NYSE:LTR) today reported Carolina Group net income for the 2006 third quarter of $202.9 million, compared to $172.0 million in the 2005 third quarter. Net income attributable to Carolina Group stock (NYSE:CG) for the third quarter of 2006 was $117.9 million, or $1.17 per share of Carolina Group stock, compared to $67.5 million, or $0.99 per share in the comparable period of the prior year. The increase in net inc... 
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10/31/06Loews Corporation Reports Net Income for the Third Quarter of 2006
NEW YORK--(BUSINESS WIRE)--Oct. 31, 2006--Loews Corporation (NYSE:LTR;CG) today reported consolidated net income (including both the Loews Group and Carolina Group) for the 2006 third quarter of $635.1 million, compared to $302.2 million in the 2005 third quarter. Consolidated net income for the nine months ended September 30, 2006 was $1,744.8 million, compared to $1,084.1 million in the prior year. Net income and earnings per share information attributable to Loews com... 
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10/16/06Loews Corporation to Release Third-Quarter 2006 Results October 31
NEW YORK, Oct 16, 2006 (BUSINESS WIRE) -- Loews Corporation (NYSE: LTR; CG) will report its third quarter 2006 earnings for both the Company and its Carolina Group on Tuesday, October 31, 2006. A conference call for analysts and investors will begin at 11:00 a.m. EST and will be hosted by Loews Corporation's chief executive officer, James Tisch, and chief financial officer, Peter Keegan. The news release and a live webcast will be available online at the Loews Corporation websit... 
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08/15/06Loews Corporation to Sell 15,000,000 Shares of Carolina Group Stock
NEW YORK--(BUSINESS WIRE)--Aug. 15, 2006--Loews Corporation (NYSE: LTR; CG) announced today that it has agreed to sell 15,000,000 shares of its Carolina Group stock in a public offering through J.P. Morgan Securities Inc. The net proceeds will be allocated to the Loews Group and used for general corporate purposes. The closing of this transaction is scheduled for Friday, August 18, 2006, subject to customary closing conditions. This press release does not constitute an o... 
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08/08/06Loews Corporation Announces Quarterly Dividend on Carolina Group Stock
NEW YORK--(BUSINESS WIRE)--Aug. 8, 2006--Loews Corporation (NYSE:LTR;CG) announced today the declaration of a quarterly dividend on its Carolina Group stock in the amount of $0.455 per share, payable September 11, 2006 to shareholders of record as of September 1, 2006. The Company also stated that concurrently with the declaration of the dividend on Carolina Group stock, approximately $108,420,000 has been applied from funds available in the Carolina Group to reduce the... 
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08/08/06Loews Corporation Announces Quarterly Dividend on Common Stock
NEW YORK--(BUSINESS WIRE)--Aug. 8, 2006--Loews Corporation (NYSE:LTR) announced today the declaration of the Company's quarterly dividend of $0.0625 per share of Common Stock, payable September 11, 2006 to shareholders of record on September 1, 2006. CONTACT: Loews Corporation Peter W. Keegan, 212/521-2950 Senior Vice President or Candace Leeds, 212/521-2416 V.P. of Public Affairs or ... 
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08/01/06Carolina Group Reports Net Income for the Second Quarter Of 2006
NEW YORK--(BUSINESS WIRE)--Aug. 1, 2006--Loews Corporation (NYSE:LTR) today reported Carolina Group net income for the 2006 second quarter of $187.2 million, compared to $142.1 million in the 2005 second quarter. Net income attributable to Carolina Group stock (NYSE:CG) for the second quarter of 2006 was $93.8 million, or $1.09 per share of Carolina Group stock, compared to $55.7 million, or $0.82 per share in the comparable period of the prior year. The increase in net ... 
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08/01/06Loews Corporation Reports Net Income for the Second Quarter of 2006
NEW YORK--(BUSINESS WIRE)--Aug. 1, 2006--Loews Corporation (NYSE:LTR;CG) today reported consolidated net income (including both the Loews Group and Carolina Group) for the 2006 second quarter of $568.7 million, compared to $435.6 million in the 2005 second quarter. Consolidated net income for the six months ended June 30, 2006 was $1,109.7 million, compared to $781.9 million in the prior year. Net income and earnings per share information attributable to Loews common sto... 
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07/17/06Loews Corporation to Release Second-Quarter Results August 1
NEW YORK--(BUSINESS WIRE)--July 17, 2006--Loews Corporation (NYSE: LTR; CG) will hold a conference call on Tuesday, August 1, 2006 at 11:00 a.m. EDT to discuss the second-quarter 2006 financial results of the Company and Carolina Group, following the issuance of its earnings press releases earlier that morning. Loews Corporation's chief executive officer, James Tisch, and chief financial officer, Peter Keegan, will host the call. A live webcast will be available online a... 
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05/26/06Loews Corporation to Webcast Investor Conference June 9
NEW YORK, May 26, 2006 (BUSINESS WIRE) -- Loews Corporation (NYSE: LTR; CG) announced today that it will hold its Investor Conference in New York on Friday, June 9, 2006 from 8 a.m. to 12 noon Eastern Time, with presentations to commence at 8:30 a.m. Senior executives from Loews Corporation and its Boardwalk Pipeline Partners, LP (NYSE: BWP), CNA Financial Corporation (NYSE: CNA), Diamond Offshore Drilling, Inc. (NYSE: DO), and Lorillard, Inc. subsidiaries will discuss industry trends, ... 
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05/26/06Loews Corporation to Webcast Presentation at Bernstein Conference May 31
NEW YORK, May 26, 2006 (BUSINESS WIRE) -- Loews Corporation (NYSE: LTR; CG) announced today that James S. Tisch, Chief Executive Officer, will speak at Sanford C. Bernstein's 22nd Annual Strategic Decisions Conference on Wednesday, May 31 at 3:00 p.m. Eastern Time. The webcast and presentation materials will be available live and for replay at www.loews.com. Loews Corporation, a holding company, is one of the largest diversified financial corporations in the United States. Its principal ... 
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05/25/06Joan Tisch to Sell 21,000,000 Shares of Loews Common Stock
NEW YORK, May 25, 2006 (BUSINESS WIRE) -- Loews Corporation (NYSE: LTR) announced today that Joan Tisch has agreed to sell 21,000,000 shares of Loews common stock in a public offering through Morgan Stanley & Co. Incorporated. The Company will not receive any proceeds from the sale. The closing of this transaction is scheduled for Wednesday, May 31, 2006, subject to customary closing conditions. This press release does not constitute an offer to sell or a solicitation of an offe... 
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05/10/06Loews Corporation to Sell 15,000,000 Shares of Carolina Group Stock
NEW YORK--(BUSINESS WIRE)--May 10, 2006--Loews Corporation (NYSE: LTR) (NYSE: CG) announced today that it has agreed to sell 15,000,000 shares of its Carolina Group stock in a public offering through UBS Investment Bank. The net proceeds will be allocated to the Loews Group and used for general corporate purposes. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities. A written prospectus may be obtained, when available, ... 
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05/09/06House Ways and Means Committee Holds Hearing on Corporate Tax Reform; Loews CEO James S. Tisch Testifies and Announces Formation of New America Gains Coalition for Corporate Capital Gains Tax Reform
WASHINGTON--(BUSINESS WIRE)--May 9, 2006--Today, Cong. Dave Camp, (R - Michigan), Chairman of the House Ways & Means Subcommittee on Select Revenue Measures, heard testimony from economists and U.S. business leaders regarding impediments created by the current federal tax code. The Subcommittee also heard proposals on how to strengthen and simplify the federal corporate tax system to create jobs at home and to increase U.S. competitiveness abroad. One prominent panelist James S. T... 
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05/08/06Loews Corporation Announces Quarterly Dividend on Carolina Group Stock
NEW YORK--(BUSINESS WIRE)--May 8, 2006--Loews Corporation (NYSE:LTR) (NYSE:CG) announced today the declaration of a quarterly dividend on its Carolina Group stock, in the amount of $0.455 per share, payable June 12, 2006 to shareholders of record as of June 1, 2006. The Company also stated that concurrently with the declaration of the dividend on Carolina Group stock, approximately $62,980,000 has been applied from funds available in the Carolina Group to reduce the princip... 
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05/08/06Loews Corporation Announces Quarterly Dividend on Common Stock; Dividend Payout Rate Increased by 25%
NEW YORK--(BUSINESS WIRE)--May 8, 2006--Loews Corporation (NYSE:LTR) announced today the declaration of the Company's quarterly dividend of $0.0625 per share of Common Stock, payable June 12, 2006 to shareholders of record on June 1, 2006. The quarterly dividend reflects a 25% increase in the Loews Common Stock payout rate and is adjusted for the three-for-one stock split announced in April of 2006. CONTACT: Loews Corporation Peter W. Keegan ... 
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05/02/06Loews Corporation Reports Net Income for the First Quarter of 2006
NEW YORK--(BUSINESS WIRE)--May 2, 2006--Loews Corporation (NYSE:LTR;CG) today reported consolidated net income (including both the Loews Group and Carolina Group) for the 2006 first quarter of $541.0 million, compared to $346.3 million in the 2005 first quarter. Net income and earnings per share information attributable to Loews common stock and Carolina Group stock is summarized in the following table: Three Months Ended ... 
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05/02/06Carolina Group Reports Net Income for the First Quarter Of 2006
NEW YORK, May 02, 2006 (BUSINESS WIRE) -- Loews Corporation (NYSE:LTR;CG) today reported Carolina Group net income for the 2006 first quarter of $150.1 million, compared to $118.5 million in the 2005 first quarter. Net income attributable to Carolina Group stock for the first quarter of 2006 was $67.6 million, or $0.86 per share of Carolina Group stock, compared to $46.5 million, or $0.68 per share in the comparable period of the prior year. The increase in net income attributab... 
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04/18/06Loews Corporation Schedules First Quarter 2006 Earnings Conference Call
NEW YORK--(BUSINESS WIRE)--April 18, 2006--Loews Corporation (NYSE: LTR; CG) announced today that it has scheduled a conference call for 11:00 a.m. ET, Tuesday, May 2, 2006, to discuss the first quarter results of the Company and Carolina Group, which are planned for release earlier that morning. The Company's chief executive officer, James Tisch, and chief financial officer, Peter Keegan, will host the call. A live broadcast of the conference call will be available online ... 
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04/11/06Loews Corporation Declares Three-for-One Split of Loews Common Stock; Board of Directors Plans 25% Increase in Loews Common Stock Dividend Payout Rate
NEW YORK--(BUSINESS WIRE)--April 11, 2006--Loews Corporation (NYSE:LTR) reported today that its Board of Directors declared a three-for-one stock split of Loews Common Stock, by way of a stock dividend, to shareholders of record on April 24, 2006. Each holder of record on that date will receive two additional shares of Loews Common Stock for each share owned. The new shares are expected to be issued on or about May 8, 2006. In addition, the Company stated that its Board of D... 
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02/16/06Carolina Group Reports Net Income for 2005
NEW YORK--(BUSINESS WIRE)--Feb. 16, 2006--Loews Corporation (NYSE:LTR; CG) today reported Carolina Group net income for the 2005 fourth quarter of $190.5 million, compared to $161.6 million in the 2004 fourth quarter. Net income attributable to Carolina Group stock for the fourth quarter of 2005 was $81.6 million, or $1.11 per share of Carolina Group stock, compared to $56.1 million, or $0.93 per share in the comparable period of the prior year. The increase in net income at... 
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02/16/06Loews Corporation Reports Net Income for 2005
NEW YORK--(BUSINESS WIRE)--Feb. 16, 2006--Loews Corporation (NYSE:LTR;CG) today reported consolidated net income (including both the Loews Group and Carolina Group) for the 2005 fourth quarter of $127.6 million, compared to $500.3 million in the 2004 fourth quarter. Consolidated net income for the year ended December 31, 2005 was $1,211.6 million, compared to $1,215.8 million in the prior year. Net income and earnings per share information attributable to Loews common stock an... 
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02/15/06Loews Corporation Announces Quarterly Dividend on Carolina Group Stock
NEW YORK--(BUSINESS WIRE)--Feb. 15, 2006--Loews Corporation (NYSE:LTR;CG) announced today the declaration of a quarterly dividend on its Carolina Group stock, in the amount of $0.455 per share, payable March 13, 2006 to shareholders of record as of March 1, 2006. The Company also stated that concurrently with the declaration of the dividend on Carolina Group stock, approximately $101,560,000 has been applied from funds available in the Carolina Group to reduce the principal ... 
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02/15/06Loews Corporation Announces Quarterly Dividend on Common Stock
NEW YORK--(BUSINESS WIRE)--Feb. 15, 2006--Loews Corporation (NYSE:LTR) announced today the declaration of the Company's quarterly dividend of $0.15 per share of Common Stock, payable March 13, 2006 to shareholders of record on March 1, 2006. CONTACT: Loews Corporation Candace Leeds, 212-521-2416 or Investor Relations: Joshua E. Kahn, 212-521-2788 SOURCE: Loews Corporation ... 
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02/06/06Loews Corporation Schedules Fourth Quarter and Full-Year 2005 Earnings Conference Call
NEW YORK--(BUSINESS WIRE)--Feb. 6, 2006--Loews Corporation (NYSE:LTR)(NYSE:CG) announced today that it has scheduled a conference call for 11:00 a.m. ET, Thursday, February 16, 2006, to discuss the fourth quarter and full-year results of both the Company and Carolina Group, which are planned for release earlier that morning. The Company's chief executive officer, James Tisch, and chief financial officer, Peter Keegan, will host the call. A live broadcast of the conference ca... 
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01/10/06Loews Corporation Elects Ann E. Berman to Its Board of Directors; Andrew H. Tisch and Jonathan M. Tisch Elected Co-Chairmen of the Board
NEW YORK--(BUSINESS WIRE)--Jan. 10, 2006--Loews Corporation (NYSE:LTR) reported today that Ann E. Berman has been elected a Director of Loews. Ms. Berman is currently serving as Vice President for Finance and Chief Financial Officer of Harvard University, a post she has held since 2002. She also is a member of the Board of the Harvard Management Company, which is responsible for the active management of the University's endowment. Ms. Berman recently announced her retirement fro... 
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