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Loews Chairman Tisch Pays Record for Manhattan Co-op (Update1)  

Loews Corp. Chairman Jonathan Tisch paid a record $48 million for a co-operative apartment on Manhattan's Upper East Side.

Tisch purchased a unit on the 11th floor at 2 East 67th St., according to the document posted yesterday on the New York City Department of Finance Web site. . . . Loews spun off Lorillard, the oldest U.S. cigarette maker, into a separate public company in June. It had owned the tobacco company for more than 30 years.

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