2007 Press Releases
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12/17/07Loews Corporation Announces Plan to Spin-off Lorillard
Transaction Would Exchange Carolina Group Tracking Stock for Shares of Lorillard NEW YORK--(BUSINESS WIRE)--Dec. 17, 2007--Loews Corporation (NYSE:LTR; CG) today announced that its Board of Directors has approved a plan to spin off its entire ownership interest in Lorillard, Inc. to holders of its Carolina Group stock and Loews common stock in a tax free transaction. As a result of the transaction, Lorillard, presently a wholly owned subsidiary of Loews, would become a sep... 
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11/13/07Loews Corporation Announces Quarterly Dividend on Carolina Group Stock
NEW YORK--(BUSINESS WIRE)--Nov. 13, 2007--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 December 14, 2007 to shareholders of record as of December 3, 2007. The Company also stated that concurrently with the declaration of the dividend on Carolina Group stock, approximately $405,343,000 has been applied from funds available in the Carolina Group to reduce the p... 
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11/13/07Loews Corporation Announces Quarterly Dividend on Common Stock
NEW YORK--(BUSINESS WIRE)--Nov. 13, 2007--Loews Corporation (NYSE:LTR) announced today the declaration of the Company's quarterly dividend of $0.0625 per share of Common Stock, payable December 14, 2007 to shareholders of record on December 3, 2007. CONTACT: Loews Corporation Peter W. Keegan, 212-521-2950 Chief Financial Officer or Darren Daugherty, 212-521-2788 Investor Relations ... 
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10/29/07Carolina Group Reports Net Income for the Third Quarter of 2007
NEW YORK--(BUSINESS WIRE)--Oct. 29, 2007--Loews Corporation (NYSE:LTR) today reported Carolina Group net income for the 2007 third quarter of $233.6 million, compared to $202.9 million in the 2006 third quarter. The increase in net income is primarily due to higher effective unit prices resulting from a December 2006 price increase and lower sales promotion expenses (accounted for as a reduction to net sales), partially offset by an increase in expenses for the State Settlemen... 
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10/29/07Loews Corporation Reports Net Income for the Third Quarter of 2007
NEW YORK--(BUSINESS WIRE)--Oct. 29, 2007--Loews Corporation (NYSE:LTR;CG) today reported consolidated net income (including both the Loews Group and Carolina Group) for the 2007 third quarter of $555.7 million, compared to $635.1 million in the 2006 third quarter. Consolidated net income for the nine months ended September 30, 2007 was $1,977.4 million, compared to $1,744.8 million in the prior year. Net income and earnings per share information attributable to Loews commo... 
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10/08/07Loews Corporation to Release Third Quarter 2007 Results on October 29
NEW YORK--(BUSINESS WIRE)--Oct. 8, 2007--Loews Corporation (NYSE: LTR; CG) will report third quarter 2007 earnings for both the Company and its Carolina Group on Monday, October 29, 2007. A conference call for analysts and investors will begin at 11:00 a.m. EDT and will be hosted by the Company's chief executive officer, James S. Tisch, and chief financial officer, Peter W. Keegan. The news release and a live webcast will be available online at the Loews Corporation websit... 
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08/14/07Loews Corporation Announces Quarterly Dividend on Carolina Group Stock
NEW YORK--(BUSINESS WIRE)--Aug. 14, 2007--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 13, 2007 to shareholders of record as of September 4, 2007. The Company also stated that concurrently with the declaration of the dividend on Carolina Group stock, approximately $148,862,000 has been applied from funds available in the Carolina Group to reduce the ... 
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08/14/07Loews Corporation Announces Quarterly Dividend on Common Stock
NEW YORK--(BUSINESS WIRE)--Aug. 14, 2007--Loews Corporation (NYSE:LTR) announced today the declaration of the Company's quarterly dividend of $0.0625 per share of Common Stock, payable September 13, 2007 to shareholders of record on September 4, 2007. CONTACT: Loews Corporation Peter W. Keegan, 212-521-2950 Chief Financial Officer or Darren Daugherty, 212-521-2788 Investor Relations ... 
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07/31/07Loews Corporation Completes Acquisition of Permian, Michigan and Alabama Natural Gas Exploration and Production Operations
NEW YORK--(BUSINESS WIRE)--July 31, 2007--Loews Corporation (NYSE:LTR) today announced that its newly-formed wholly-owned subsidiary, HighMount Exploration & Production LLC, has completed its previously announced acquisition of natural gas exploration and production assets from Dominion Resources (NYSE: D) for $4.0 billion cash. The transaction was financed with approximately $2.4 billion of cash provided by Loews Corporation and a $1.6 billion term loan by the newly-created s... 
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07/30/07Carolina Group Reports Net Income for the Second Quarter of 2007
NEW YORK--(BUSINESS WIRE)--July 30, 2007--Loews Corporation (NYSE:LTR) today reported Carolina Group net income for the 2007 second quarter of $227.1 million, compared to $187.2 million in the 2006 second quarter. The increase in net income is primarily due to higher effective unit prices resulting from a December 2006 price increase, an increase in unit sales volume and lower sales promotion expenses (accounted for as a reduction to net sales), partially offset by an increase... 
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07/30/07Loews Corporation Reports Net Income for the Second Quarter of 2007
NEW YORK--(BUSINESS WIRE)--July 30, 2007--Loews Corporation (NYSE:LTR;CG) today reported consolidated net income (including both the Loews Group and Carolina Group) for the 2007 second quarter of $653.4 million, compared to $568.7 million in the 2006 second quarter. Consolidated net income for the six months ended June 30, 2007 was $1,421.7 million, compared to $1,109.7 million in the prior year. Net income and earnings per share information attributable to Loews common st... 
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07/09/07Loews Corporation to Release Second Quarter 2007 Results on July 30
NEW YORK--(BUSINESS WIRE)--July 9, 2007--Loews Corporation (NYSE: LTR; CG) will report second quarter 2007 earnings for both the Company and its Carolina Group on Monday, July 30, 2007. A conference call for analysts and investors will begin at 11:00 a.m. EDT and will be hosted by the Company's chief executive officer, James S. Tisch, and chief financial officer, Peter W. Keegan. The news release and a live webcast will be available online at the Loews Corporation website ... 
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06/06/07Loews Corporation to Webcast Investor Meeting on June 14
NEW YORK--(BUSINESS WIRE)--June 6, 2007--Loews Corporation (NYSE: LTR; CG) announced today that it will hold its Investor Meeting in New York on Thursday, June 14, 2007 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 indu... 
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06/04/07Loews Corporation to Acquire Permian, Michigan and Alabama Natural Gas Exploration and Production Operations from Dominion for $4 Billion
NEW YORK, Jun 04, 2007 (BUSINESS WIRE) -- Loews Corporation (NYSE: LTR) today announced that it has agreed to purchase natural gas exploration and production assets in Texas, Michigan and Alabama from Dominion Resources (NYSE: D) for $4.025 billion in cash, subject to adjustment. The primary properties being acquired are located in the Permian Basin in Texas, the Antrim Shale in Michigan and the Black Warrior Basin in Alabama, with estimated proved reserves totaling approximately 2.5 tril... 
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05/08/07Loews Corporation Announces Quarterly Dividend on Carolina Group Stock
NEW YORK--(BUSINESS WIRE)--May 8, 2007--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 June 11, 2007 to shareholders of record as of June 1, 2007. The Company also stated that concurrently with the declaration of the dividend on Carolina Group stock, approximately $110,035,000 has been applied from funds available in the Carolina Group to reduce the principal am... 
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05/08/07Loews Corporation Announces Quarterly Dividend on Common Stock
NEW YORK--(BUSINESS WIRE)--May 8, 2007--Loews Corporation (NYSE:LTR) announced today the declaration of the Company's quarterly dividend of $0.0625 per share of Common Stock, payable June 11, 2007 to shareholders of record on June 1, 2007. CONTACT: Loews Corporation Peter W. Keegan Chief Financial Officer 212-521-2950 or Darren Daugherty Investor Relations 212-5... 
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05/01/07Loews Corporation to Webcast Lorillard Presentation at Goldman Sachs Consumer Products Symposium
NEW YORK--(BUSINESS WIRE)--May 1, 2007--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 Goldman Sachs Consumer Products Symposium on Tuesday, May 8, 2007 at approximately 1:45 p.m. Eastern Time. The audio webcast will be made available live and for replay at www.loews.com. Lorillard is the principal asset attributed to Loews Cor... 
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04/30/07Carolina Group Reports Net Income for the First Quarter of 2007
NEW YORK--(BUSINESS WIRE)--April 30, 2007--Loews Corporation (NYSE:LTR) today reported Carolina Group net income for the 2007 first quarter of $188.7 million, compared to $150.1 million in the 2006 first quarter. The increase in net income is primarily due to higher effective unit prices resulting from a December 2006 price increase and lower sales promotion expenses (accounted for as a reduction to net sales), partially offset by a $24.7 million increase in expenses for the S... 
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04/30/07Loews Corporation Reports Net Income for the First Quarter of 2007
NEW YORK--(BUSINESS WIRE)--April 30, 2007--Loews Corporation (NYSE:LTR;CG) today reported consolidated net income (including both the Loews Group and Carolina Group) for the 2007 first quarter of $768.3 million, compared to $541.0 million in the 2006 first quarter. Net income and earnings per share information attributable to Loews common stock and Carolina Group stock is summarized in the table below: Three Months Ended March 31... 
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04/09/07Loews Corporation to Release First Quarter 2007 Results on April 30
NEW YORK--(BUSINESS WIRE)--April 9, 2007--Loews Corporation (NYSE: LTR; CG) will report first quarter 2007 earnings for both the Company and its Carolina Group on Monday, April 30, 2007. A conference call for analysts and investors will begin at 11:00 a.m. EDT and will be hosted by the Company's chief executive officer, James S. Tisch, and chief financial officer, Peter W. Keegan. The news release and a live webcast will be available online at the Loews Corporation website (www.lo... 
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02/13/07Loews Corporation Announces Quarterly Dividend on Carolina Group Stock
NEW YORK--(BUSINESS WIRE)--Feb. 13, 2007--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 12, 2007 to shareholders of record as of March 1, 2007. The Company also stated that concurrently with the declaration of the dividend on Carolina Group stock, approximately $141,647,000 has been applied from funds available in the Carolina Group to reduce the principa... 
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02/13/07Loews Corporation Announces Quarterly Dividend on Common Stock
NEW YORK--(BUSINESS WIRE)--Feb. 13, 2007--Loews Corporation (NYSE:LTR) announced today the declaration of the Company's quarterly dividend of $0.0625 per share of Common Stock, payable March 12, 2007 to shareholders of record on March 1, 2007. CONTACT: Loews Corporation Candace Leeds, 212-521-2416 V.P. of Public Affairs or Darren Daugherty, 212-521-2788 Investor Relations or ... 
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02/12/07Carolina Group Reports Net Income for 2006
NEW YORK--(BUSINESS WIRE)--Feb. 12, 2007--Loews Corporation (NYSE:LTR) today reported Carolina Group net income for the 2006 fourth quarter of $220.0 million, compared to $190.5 million in the 2005 fourth quarter. Net income attributable to Carolina Group stock (NYSE:CG) for the fourth quarter of 2006 was $137.1 million, or $1.26 per share of Carolina Group stock, compared to $81.6 million, or $1.11 per share in the comparable period of the prior year. The increase in net ... 
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02/12/07Loews Corporation Reports Net Income for 2006
NEW YORK--(BUSINESS WIRE)--Feb. 12, 2007--Loews Corporation (NYSE:LTR;CG) today reported consolidated net income (including both the Loews Group and Carolina Group) for the 2006 fourth quarter of $746.5 million, compared to $127.6 million in the 2005 fourth quarter. Consolidated net income for the year ended December 31, 2006 was $2,491.3 million, compared to $1,211.6 million in the prior year. Net income and earnings per share information attributable to Loews common stoc... 
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01/19/07Loews Corporation to Release Fourth Quarter and Full-Year 2006 Results on February 12
NEW YORK, Jan 19, 2007 (BUSINESS WIRE) -- Loews Corporation (NYSE: LTR; CG) will report fourth quarter and full-year 2006 earnings for both the Company and the Carolina Group on Monday, February 12, 2007. 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 websi... 
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