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The company also lowered its 2007 earnings guidance and said it will spin off its medical imaging business, and investors clearly approved of the plan, as shares rose 0.6%.
Now it's Tuesday, and American Express announces it will spin off its Financial Advisors unit to its investors.
Following last year's $3.2 billion sale of its aerospace and defense businesses to Boeing, Rockwell said it will spin off its $3.1 billion automotive-parts business into a separate, publicly traded company.
American Express on Tuesday said it will spin off its financial advisory business to its investors.
It will spin off its residential interests into a separate entity.
Deloitte Touche Tomatsu has said it will spin off its consulting business by the end of the year.
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Now it also will spin off the balance of its $4.5 billion clothing portfolio, which also includes the Just My Size brands.
Although the final details are unclear, it seem that the firm will spin off its smaller and barely profitable operations in aluminium, nickel, manganese and perhaps some coal mines into an entity that could be worth around $15 billion.
Intel rival Advanced Micro Devices said Monday it has closed a deal that will spin off its fabs, into a separate company, temporarily known as "The Foundry Company".
A.G. Edwards said the win makes it more likely that Altria will spin off various divisions, such as Kraft Foods.
It trades as a tracking stock of AT&T, which will spin off its 85% stake in the subsidiary under its plan to split into four separate businesses.
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