Loews(LTR Quote) is trying to prove that the conglomerate business model works, meaning that more businesses under one roof produce more revenue and profit.
Loews was founded more than 60 years ago by famed financier Laurence Tisch, with one hotel. Now his son James Tisch is CEO and president of a corporation with myriad companies under its banner and a market capitalization of more than $25 billion.
Not to be confused with the home-improvement retailer Lowe's(LOW Quote), today the New York City-based Loews holds sizable stakes of insurer CNA Financial(CNA Quote), cigarette-maker Carolina Group(CG Quote), Diamond Offshore Drilling(DO Quote) and natural-gas transporter Boardwalk Pipeline Partners(BWP Quote). The company also controls 20 properties through Loews Hotels, in addition to Bulova watches and a shipping company. ...
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