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Loews Profit Falls on Lower Income from Subsidiaries

2014-11-03 19:32:46| Oil & Gas - Topix.net

Hotel, energy and financial services conglomerate Loews Corp reported a 26 percent drop in quarterly profit due to lower investment income and weaker earnings from its oil rig and insurance subsidiaries. Net income attributable to Loews fell to $208 million, or 55 cents per share, in the third quarter ended Sept.

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