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Loews Rises as Barron's Says Spinoff Will Boost Share Price 

Loews Corp., the holding company run by New York's Tisch family, rose 2.1 percent in New York trading after Barron's said the firm may gain 20 percent when it spins off cigarette maker Lorillard Inc.

Separating from Lorillard will eliminate New York-based Loews's tobacco-liability risk, Barron's said in its edition dated today.

Loews said Dec. 17 it will divest Lorillard, the oldest U.S. cigarette maker, as it capitalizes on rising prices for tobacco stocks. Loews, which gets more than half its revenue from Chicago-based property and casualty insurer CNA Financial Corp., also owns oil and natural gas driller Diamond Offshore Drilling Inc.

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