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Wednesday, April 7, 2010 as of 11:14 AM ET

Diamond Offshore Drilling Inc.

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Loews 1Q Net Down 3.2%; CNA Financial Profit Jumps 14%

DOW JONES NEWSWIRESLoews Corp.

's (L) first-quarter earnings edged down 3.2% as profit gains in its CNA Financial Corp. (CNA) insurance unit failed to fully offset weaker performance in the conglomerate's other holdings.Loews, which is led by New York's Tisch family, owns 90% of CNA Financial, and the insurer typically accounts for nearly two-thirds of its revenue.For the first quarter, Loews reported a profit of $367 million, compared with a year-earlier profit of $379 million. Earnings per-share were unchanged at 92 cents amid a roughly 4% decline in the number of shares outstanding. Revenue rose 2% to $3.74 billion. Revenue from insurance premiums, its largest top-line contributor, rose 2.1% to 1.65 billion.Meanwhile, CNA Financial recorded a profit of $250 million, up 14% from its $220 million profit a year earlier. Earnings per share rose to 93 cents from 82 cents a year earlier. Stripping out investment results, CNA's operating profit rose to 84 cents a share, exceeding analyst fo...

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  1. Diamond Offshore 1Q Profit Falls 26% On Lower Revenue, Higher Costs

    DOW JONES NEWSWIRESDiamond Offshore Drilling Inc.'s (DO) first-quarter earnings slid 26% as the contract driller was hit with higher costs.The company declared a spe...

  2. Dietze: Invest in Loews

    Point View Wealth Management president David Dietze breaks down where to invest in today's market.

  3. Diamond Offshore 4Q Net Down 22% On Softer Revenue, Utilization Rates

    DOW JONES NEWSWIRESDiamond Offshore Drilling Inc.'s (DO) fourth-quarter earnings fell 22% as the oil driller reported weaker revenue and lower utilization rates for ...

  4. Loews 3Q Disappoints on Irene Destruction

    Loews (NYSE:L) widely missed Wall Street 's quarterly expectations on sharply higher catastrophe losses caused by Hurricane Irene's destruction up and down the East ...

  5. S&P Rates Oil & Gas Stocks Stable (XOM, CVX, COP, APA, CHK, SLB, HAL, BHI, NE, RIG, DO , VLO, TSO, MPC)

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  6. Loews 2Q Net Falls 31%; CNA Financial 2Q Net Drops 55% On Catastrophes

    In " Loews 2Q Net Falls 31%; CNA Financial 2Q Net Drops 55% On Catastrophes," published at 6:38 EDT, Loews was misspelled in the headline.Loews Corp.'s (L) second-qu...

  7. Lowes 2Q Net Falls 31%; CNA Financial 2Q Net Drops 55% On Catastrophes

    Loews Corp.'s (L) second-quarter earnings fell 31% as higher natural catastrophe losses contributed to a 55% drop in its CNA Financial Corp. (CNA) insurance unit's p...

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