Wednesday, April 7, 2010 as of 11:14 AM ET
Loews may refer to:
Read More at Wikipedia ›Loews (NYSE:L) revealed a weaker first-quarter profit that topped expectations on Monday, as smaller catastrophe losses and higher investment income at CNA Financial (NYSE:CNA) only partially offset weaknesses in the oil and gas division.
The New York-based conglomerate, which offers property and casualty insurance and operates hotels and offshore oil rigs, reported net income of $367 million, or 92 cents a share, compared with a year-earlier $379 million, or 92 cents.The decline reflects weaker earnings at Diamond Offshore Drilling, as fewer earning days lowered revenue and contract drilling expenses increased, and HighMount Exploration & Production, on a non-cash impairment charge.Net investment gains climbed tripled at CNA Financial, the company's largest holding, to $24 million from $8 million a year ago. The division's after-tax catastrophe losses halved to $18 million during the quarter from $36 million a year ago.The same period last year was hurt by a series of deathly disasters...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 ...
Fort Pitt Capital Co-Founder Charlie Smith on how investors can invest so their portfolio can grow in any market condition.
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 ...
Loews Corp <L.N>, run by the billionaire Tisch family, posted quarterly earnings below analysts' estimates for the third time in a row, hurt by a fall in its investm...
By Roy Strom and Matt DailyNEW YORK (Reuters) - Companies are pouring their cash stockpiles into buying back their own shares, betting on a Wall Street rebound rathe...
Loews (NYSE:L) said Monday that its second-quarter profit tumbled 31% on higher natural catastrophe losses, adding to a long list of property insurers that have repo...
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...
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...
Loews Corporation Co-Chairman Jonathan Tisch on how the economy and consumer confidence are affecting the travel sector.
Loews Corporation Co-Chairman Jonathan Tisch on how the economy and consumer confidence are affecting the travel sector.
April 13, 2011 01:56 PM UTC by John StosselStupid RulesOn my FBN show this week, we cover entrepreneurs, like the ones who created Intel, Genentech, Apple, Cisco, Mi...
By Kim Palmer and Sakari SuoninenAKRON, Ohio/FRANKFURT (Reuters) - The U.S. recovery is gaining traction, two top Federal Reserve officials said on Tuesday, though t...
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 we...
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...
Point View Wealth Management president David Dietze breaks down where to invest in today's market.
DOW JONES NEWSWIRESBoardwalk Pipeline Partners LP (BWP) said it has acquired the remaining 80% stake in Boardwalk HP Storage Co. LLC from Boardwalk Pipelines Holding...
Loews (NYSE:L) nearly halved its fourth-quarter profit on lower investment income and higher expenses, pushing its shares lower in morning trade. The New York-based...
Loews Corp. on Monday reported a fourth-quarter profit of $268 million, or 67 cents a share, down from $466 million, or $1.12 a share, a year ago. Revenue slipped to...
DOW JONES NEWSWIRESBoardwalk Pipeline Partners L.P.'s (BWP) fourth-quarter earnings fell 16% as mild winter weather contributed to lower-than-expected revenue.The oi...