2008 Press Releases
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11/11/08Loews Corporation Announces Quarterly Dividend on Common Stock
NEW YORK, Nov 11, 2008 (BUSINESS WIRE) -- Loews Corporation (NYSE: L) announced today the declaration of the Company's quarterly dividend of $0.0625 per share of Common Stock, payable December 12, 2008 to shareholders of record on December 1, 2008. Loews Corporation, a holding company, is one of the largest diversified corporations in the United States. Its principal subsidiaries are CNA Financial Corporation (NYSE: CNA), a 90% owned subsidiary; D... 
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10/31/08Loews Corporation Announces Agreement to Invest $500 Million of Equity in Its Boardwalk Pipeline Partners, LP Subsidiary
NEW YORK--(BUSINESS WIRE)--Oct. 31, 2008--Loews Corporation (NYSE: L) today announced it has agreed to purchase 21,184,609 newly issued common units of Boardwalk Pipeline Partners, LP in a private placement at a price of $23.13 per common unit, the closing price of Boardwalk's common units on the New York Stock Exchange on October 30, 2008, for aggregate proceeds of $490 million. In addition, Loews will contribute $10 million on behalf of Boardwalk Pipeline's general partner to... 
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10/29/08Loews Corporation to Webcast Investor Meeting on November 5
NEW YORK--(BUSINESS WIRE)--Oct. 29, 2008--Loews Corporation (NYSE: L) announced today that it will host its Investor Meeting in New York on Wednesday, November 5, 2008. Presentations by Loews's senior management and the senior management of its subsidiary companies will commence at 8:30 a.m. Eastern Time and conclude by approximately 12:00 p.m. In addition to Loews Corporation, the following of its subsidiaries will present: Boardwalk Pipeline Partners, LP; CNA Financial Corporat... 
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10/27/08Loews Corporation Reports Results for the Third Quarter of 2008
NEW YORK--(BUSINESS WIRE)--Oct. 27, 2008--Loews Corporation (NYSE:L) today reported a loss from continuing operations for the 2008 third quarter of $144 million, or $0.33 per share, compared to income from continuing operations of $309 million, or $0.58 per share, in the 2007 third quarter. Income from continuing operations for the nine months ended September 30, 2008 was $776 million, or $1.58 per share, compared to $1,292 million, or $2.40 per share, in the comparable period... 
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10/06/08Loews Corporation to Release Third Quarter 2008 Results on October 27
NEW YORK--(BUSINESS WIRE)-- Loews Corporation (NYSE: L) will report third quarter 2008 financial results on Monday, October 27, 2008. 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 of the conference call will be available online at the Loews Corporation website (www.loews.com). Those interested in... 
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08/12/08Loews Corporation Elects Ken Miller To Its Board of Directors
NEW YORK--(BUSINESS WIRE)--Aug. 12, 2008--Loews Corporation (NYSE:L) reported today that Ken Miller has been elected a director of Loews. Mr. Miller is the Chief Executive Officer and President of Ken Miller Capital, LLC, a closely held merchant banking firm which invests in businesses at all stages of development, as well as advises third parties on transactions. Mr. Miller has previously served as Senior Advisor at Lehman Brothers and as Vice Chairman of Credit Suisse First ... 
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08/12/08Loews Corporation Announces Quarterly Dividend on Common Stock
NEW YORK--(BUSINESS WIRE)--Aug. 12, 2008--Loews Corporation (NYSE: L) announced today the declaration of the Company's quarterly dividend of $0.0625 per share of Common Stock, payable September 15, 2008 to shareholders of record on September 2, 2008. Loews Corporation, a holding company, is one of the largest diversified corporations in the United States. Its principal subsidiaries are CNA Financial Corporation (NYSE: CNA), a 90% owned subsidiary; Diamond Offshore Drilling... 
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07/28/08Loews Corporation Reports Net Income for the Second Quarter of 2008
NEW YORK, Jul 28, 2008 (BUSINESS WIRE) -- Loews Corporation (NYSE:L) today reported income from continuing operations for the 2008 second quarter of $511 million, or $1.00 per share, compared to $422 million, or $0.78 per share, in the 2007 second quarter. Income from continuing operations for the six months ended June 30, 2008 was $920 million, or $1.77 per share, compared to $983 million, or $1.82 per share, in the prior year. In June of 2008, the Company disposed of its entire o... 
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07/07/08Loews Corporation to Release Second Quarter 2008 Results on July 28
NEW YORK, July 7, 2008 -- Loews Corporation (NYSE: L) will report second quarter 2008 financial results on Monday, July 28, 2008. 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 of the conference call will be available online at the Loews Corporation website (www.loews.com). Those interested in pa... 
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06/16/08Loews Corporation to Change Ticker Symbol to ''L''
NEW YORK--(BUSINESS WIRE)--June 16, 2008--Loews Corporation (NYSE: LTR) today announced that it is changing its ticker symbol to L, effective at the start of trading on Monday, June 23, 2008. To mark the occasion, company officials will ring the opening bell on the floor of the New York Stock Exchange. This event coincides with completion of the tax free split-off of Loews's entire ownership interest in Lorillard, Inc. (NYSE: LO), which became a separate publicly traded co... 
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06/13/08Loews Corporation Announces Final Proration Factor for Lorillard Exchange Offer
NEW YORK--(BUSINESS WIRE)--June 13, 2008--Loews Corporation (NYSE: LTR) today announced the final results of its offer to exchange shares of Lorillard, Inc. common stock (NYSE: LO) held by Loews for outstanding shares of Loews common stock. The exchange offer, which was oversubscribed, expired at 12:00 midnight, New York City time, on June 9, 2008. The exchange agent, Mellon Investor Services LLC, reported a final count of 171,506,287 shares of Loews common stock tendered ... 
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06/10/08Loews Corporation Announces Preliminary Results of Lorillard Exchange Offer and Preliminary Proration Factor
Redemption of Carolina Group Stock Completed NEW YORK--(BUSINESS WIRE)--June 10, 2008--Loews Corporation (NYSE:LTR) today announced the preliminary results of the offer to its stockholders to exchange shares of Loews common stock for shares of Lorillard, Inc. common stock (NYSE: LO) held by Loews. The exchange offer expired at 12:00 midnight, New York City time, on June 9, 2008. According to the exchange agent, Mellon Investor Services LLC, a total of 173,449,763 share... 
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05/09/08Loews Corporation Announces Quarterly Dividend on Carolina Group Stock
NEW YORK, May 09, 2008 (BUSINESS WIRE) -- 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 6, 2008 to shareholders of record as of May 23, 2008. The Company also stated that concurrently with the declaration of the quarterly dividend on Carolina Group stock, approximately $217.2 million has been applied from funds available in the Carolina Group, including the Carolina Group... 
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05/09/08Loews Corporation Announces Commencement of Lorillard Exchange Offer
Redemption Date for Carolina Group Stock Set for June 10th NEW YORK--(BUSINESS WIRE)--May 9, 2008--Loews Corporation (NYSE:LTR; CG) today announced that it has commenced an offer to its stockholders for the exchange, on a tax-free basis, of shares of Loews common stock for shares of common stock of Lorillard, Inc. held by Loews. The offer will expire at 12:00 midnight, New York City time, on June 9, 2008, unless extended. Loews also announced that on June 10, 2008 it w... 
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05/09/08Loews Corporation Announces Quarterly Dividend on Common Stock
NEW YORK--(BUSINESS WIRE)--May 9, 2008--Loews Corporation (NYSE:LTR) announced today the declaration of the Company's quarterly dividend of $0.0625 per share of Common Stock, payable June 6, 2008 to shareholders of record on May 23, 2008. CONTACT: Loews Corporation Peter W. Keegan, 212-521-2950 Chief Financial Officer or Darren Daugherty, 212-521-2788 Investor Relations or ... 
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04/28/08Carolina Group Reports Net Income for the First Quarter of 2008
NEW YORK--(BUSINESS WIRE)--April 28, 2008--Loews Corporation (NYSE:LTR) today reported Carolina Group net income for the first quarter of 2008 of $171 million, compared to $189 million in the first quarter of 2007. The decline in net income reflects increased selling, advertising and administrative expenses as a result of costs associated with the proposed spin-off of Lorillard and lower investment income, partially offset by lower interest expense related to the Carolina Grou... 
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04/28/08Loews Corporation Reports Net Income for the First Quarter of 2008
NEW YORK--(BUSINESS WIRE)--Loews Corporation (NYSE:LTR;CG) today reported consolidated net income (including both the Loews Group and Carolina Group) for the first quarter of 2008 of $662 million, compared to $768 million in the first quarter of 2007.Net income and earnings per share information attributable to Loews common stock and Carolina Group stock is summarized in the table below:   ... 
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04/04/08Loews Corporation to Release First Quarter 2008 Results on April 28
NEW YORK, Apr 04, 2008 (BUSINESS WIRE) -- Loews Corporation (NYSE: LTR; CG) will report first quarter 2008 earnings for both the Company and its Carolina Group on Monday, April 28, 2008. 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 of the conference call will be available online at the Loews Corpo... 
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03/17/08Loews Corporation Announces Plan to Invest $700 Million of Equity in Its Boardwalk Pipeline Partners, LP Subsidiary
NEW YORK--(BUSINESS WIRE)--March 17, 2008--Loews Corporation (NYSE:LTR) announced today that its Board of Directors has authorized a proposed investment of $700 million in Boardwalk Pipeline Partners, LP. The investment in its 70% owned subsidiary would be made primarily through the purchase of newly created Class B limited partnership units of Boardwalk Pipeline. The proposed purchase is subject to the approval of Boardwalk Pipeline's Conflicts Committee and the completion of... 
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02/12/08Loews Corporation Announces Quarterly Dividend on Carolina Group Stock
NEW YORK, Feb 12, 2008 (BUSINESS WIRE) -- 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 14, 2008 to shareholders of record as of March 3, 2008. The Company also stated that concurrently with the declaration of the dividend on Carolina Group stock, approximately $206,192,000 has been applied from funds available in the Carolina Group to reduce the principal amount... 
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02/12/08Loews Corporation Announces Quarterly Dividend on Common Stock
NEW YORK, Feb 12, 2008 (BUSINESS WIRE) -- Loews Corporation (NYSE:LTR) announced today the declaration of the Company's quarterly dividend of $0.0625 per share of Common Stock, payable March 14, 2008 to shareholders of record on March 3, 2008. SOURCE: Loews Corporation Loews Corporation Peter W. Keegan, 212-521-2950 Chief Financial Officer or Darren Daugherty, 212-521-2788 Investor Relations or Candace Leeds, 212-521-2416 Public Affairs ... 
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02/11/08Carolina Group Reports Net Income for 2007
NEW YORK--(BUSINESS WIRE)--Feb. 11, 2008--Loews Corporation (NYSE:LTR) today reported Carolina Group net income for the 2007 fourth quarter of $206 million, compared to $220 million in the 2006 fourth quarter. The decrease in net income is primarily due to a charge of $46 million, after taxes, related to litigation, partially offset by a lower effective tax rate as compared to 2006 due primarily to the statutory increase in the tax benefit related to the manufacturer's deducti... 
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02/11/08Loews Corporation Reports Net Income for 2007
NEW YORK--(BUSINESS WIRE)--Feb. 11, 2008--Loews Corporation (NYSE:LTR;CG) today reported consolidated net income (including both the Loews Group and Carolina Group) for the 2007 fourth quarter of $512 million, compared to $746 million in the 2006 fourth quarter. Consolidated net income for the year ended December 31, 2007 was $2,489 million, compared to $2,491 million in the prior year. Net income and earnings per share information attributable to Loews common stock and Ca... 
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01/18/08Loews Corporation to Release Fourth Quarter and Full-Year 2007 Results on February 11
NEW YORK, Jan 18, 2008 (BUSINESS WIRE) -- Loews Corporation (NYSE: LTR; CG) will report fourth quarter 2007 earnings for both the Company and its Carolina Group on Monday, February 11, 2008. A conference call for analysts and investors will begin at 11:00 a.m. EST 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 of the conference call will be available online at the Loews ... 
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