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Loews Corporation is an American conglomerate headquartered in New York City. The company's majority-stake holdings include CNA Financial Corporation, Diamond Offshore Drilling, Boardwalk Pipeline Partners, and Loews Hotels. The corporation positions itself as a value investor with a long-term focus.〔Loews Company Overview March 2013 http://www.loews.com/; Winans, Christopher. The King of Cash: The Inside Story of Laurence Tisch. New York: Wiley, 1995, p. 47-48〕 In recent years, Loews has also allocated significant capital for share buybacks.〔Value Investing: The Loews Way http://www.loews.com/. Retrieved 2013-04-01〕 In the three years ended December 31, 2012, Loews spent $1.3 billion repurchasing shares. Between 1971 and 2012, the corporation reduced its shares outstanding from 1.3 billion shares to 392 million shares.〔Loews Company Overview March 2013 http://www.loews.com/〕 ==History== Loews Corporation traces its roots to 1946, when Laurence Tisch persuaded his parents to invest $125,000 to buy a resort hotel in Lakewood, N.J. Laurence’s brother Robert joined the business shortly thereafter. The Tisch brothers began to invest their profits in an expanding hotel business. By 1956, the brothers were in a position to build their first hotel, the Americana in Bal Harbour, Fla., for $17 million in cash.〔Rosenberg, Hilary. Like Fathers, Like Sons; As the Generations Shift, The Loews Style Remains. New York Times, 1999-05-30〕 In 1959, the brothers purchased a controlling interest in Loew's Theatres, Inc., a nationwide chain of 102 movie theaters, which formed the foundation of modern-day Loews (Loews sold the theater business in 1985). The two founders developed a conservative and flexible value-oriented philosophy which continues to be a cornerstone of Loews today. The Tisch brothers soon diversified the Loews business, successfully venturing into a variety of areas as the 1960s and 1970s progressed. Loews acquired Lorillard, a tobacco company, in 1968; CNA Financial in 1974, and the Bulova Watch Company in 1979. Through acquisitions, Loews' revenues grew from $100 million in 1970 to more than $3 billion by a decade later. Laurence Tisch briefly owned, through Loews, a significant portion of U.S. television and radio broadcaster CBS in the 1980s. As Chairman of CBS, he also approved the deal that brought late night host David Letterman to the network from NBC.〔Carter, Bill. Going Head to Head Late at Night: Letterman on CBS, Leno on NBC. New York Times, 1993-01-15〕 Loews involvement in CBS ended in 1995, with the sale of CBS to Westinghouse Electric Corporation for $5.4 billion. In the past two decades, Loews further diversified into the energy business. In 1989, the company acquired Diamond M Drilling. The subsidiary acquired ODECO in 1992, adding 39 rigs. A year later, the combined businesses were renamed Diamond Offshore. The operating subsidiary, which went public in 1995, provides contract drilling services to the energy industry globally.〔http://www.diamondoffshore.com/ Retrieved 2013-03-05〕 In 2003, Loews purchased Texas Gas Transmission, LLC and, a year later, bought Gulf South Pipeline Company. These two companies were consolidated into a new entity, Boardwalk Pipeline Partners, LP, which went public in 2005. Structured as a midstream master limited partnership (“MLP”), Boardwalk Pipeline provides transportation, storage, gathering and processing of natural gas and liquids for its customers.〔http://www.bwpmlp.com/ Retrieved 2013-03-05〕 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.〔(【引用サイトリンク】title=Loews Corporation to Sell 15,000,000 Shares of Carolina Group Stock )〕 The sale's value was $740 million. Loews Corporation was the parent company of Bulova Watches until 2007, when it sold the company to Tokyo-based Citizen Holdings Co. On June 4, 2007 Loews Corporation announced it would acquire a portion of the operations of Dominion Resources for 4.025 billion dollars.〔(【引用サイトリンク】title=Dominion's Sale Makes Waves - Forbes.com )〕 Loews rebranded the assets HighMount Exploration & Production LLC. This wholly owned subsidiary is engaged in the exploration and production of natural gas and natural gas liquids.〔Tong, Vinnee. Loews spinning off Newport cigarette maker Lorillard division. Associated Press, 2007-12-17〕 On May 23, 2014, Loews announced that HighMount is pursuing strategic alternatives, including a potential sale of business. On December 17, 2007, Loews Corporation announced a plan to spin off its entire ownership interest in its subsidiary, Lorillard, Inc., to holders of Carolina Group stock and Loews common stock.〔(【引用サイトリンク】title=lc_body.htm )〕 In 2009, the corporation marked the 50th anniversary of its listing on the New York Stock Exchange. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Loews Corporation」の詳細全文を読む スポンサード リンク
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