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Loews, CNA boosted by strong investment income

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 »