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UPDATE 2-Loews profit halves due to lower Diamond Offshore earnings
2014-08-04 18:27:24| Oil & Gas - Topix.net
Hotel, energy and financial services conglomerate Loews Corp reported a lower-than-expected quarterly profit, hurt by a drop in profit at its second-biggest subsidiary, Diamond Offshore Drilling Inc. Net income attributable to Loews, controlled by New York's Tisch family, fell 57 percent to $116 million, or 30 cents per share, in the second quarter ... (more)
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