On Air Now

Tune in to Listen

99.9 FM Hibbing, MN

Weather

Current Conditions(Hibbing,MN 55746)

More Weather »
65° Feels Like: 65°
Wind: NNE 0 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Mostly Cloudy 59°

Tomorrow

Cloudy 75°

Sat Night

Mostly Cloudy 59°

Alerts

  • 0 Severe Weather Alerts
  • 0 Cancellations

Loews profit soars as insurance arm revenue grows

(Reuters) - Hotel, energy and financial services conglomerate Loews Corp posted a jump in second-quarter profit as revenue from its insurance arm, CNA Financial Corp , increased nearly 13 percent on higher net investment income and lower non-catastrophe losses.

Loews is controlled by the New York-based billionaire Tisch family. Its net profit rose to $269 million, or 69 cents per share, from $56 million, or 14 cents per share, a year earlier.

(Reporting by Avik Das in Bangalore; Editing by Joyjeet Das)

Comments