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Loews Corp. reported its best quarter of the year as strong investment income from its biggest holding, CNA Financial, helped the conglomerate post a better-than-expected 16 percent increase in quarterly profit.
New York-based Loews, run by the billionaire Tisch family, said net investment income rose 20 percent to $711 million for the fourth quarter. Get the full story »
Loews Corp posted a better-than-expected 8 percent rise in quarterly net profit, as the hotels and energy conglomerate recorded a gain on investments compared to significant investment losses a year earlier.
Loews, run by the billionaire Tisch family, posted investment gains of $1 million in the second quarter. A year earlier, Loews lost $178 million on investments. Get the full story »
Commercial insurance writer CNA Financial Corp. said it has in place an agreement to transfer about $1.6 billion of net asbestos and pollution liabilities to Berkshire Hathaway Inc.’s National Indemnity Co. unit. Get the full story »
