LOEWS CORPORATION

'Loews Corporation' is a holding company run by the Tisch Family whose subsidiaries are engaged in the following lines of business:

★ property and casualty insurance (CNA Financial Corporation, a 90%-owned subsidiary)

★ the production and sale of cigarettes (Lorillard, Inc., owned by Carolina Group, a 67%-owned subsidiary)

★ the operation of hotels (Loews Hotels, a wholly owned subsidiary)

★ the operation of offshore oil and gas drilling rigs (Diamond Offshore Drilling, Inc., a 54%-owned subsidiary)

★ the operation of an interstate natural gas transmission pipeline system (Texas Gas Transmission, LLC, a wholly owned subsidiary) and

★ the distribution and sale of watches and clocks (Bulova Corporation, a 97%-owned subsidiary).
On May 10, 2006 Loews Corporation announced that it would offer 15 million shares of Carolina Group via a public offering, with the proceeds to be used for general corporate purposes. [1] The sale's estimated value is $740 million.
On June 4, 2007 Loews Corporation announced it would acquire a portion of Dominion Resource's operations for 4.03 billion dollars. [2]
Outside of Loews, The estate of chairman Bob Tisch co-owns the New York Giants football team. Loews has in the past had extensive involvement with the CBS network.

Contents

Management

External links

Management

★ Chairman: Preston Robert (Bob) Tisch (died November 16, 2005)

★ Chairman of the Exec. Committee: Andrew Tisch

★ Chief Exec. Officer: James S. Tisch

★ Chief Financial Officer: Peter W. Keegan

★ Chief Investment Officer: Lisa W. Hess

★ Chairman and CEO of Loews Hotels: Jonathan Tisch

External links

★ Loews Corporation

★ Yahoo! - Loews Corporation Company Profile

★ Forbes.com: Forbes 400 Richest in America - Tisch, Preston Robert