Oct 28 Loews Corp posted a 59 percent jump
in third-quarter profit as the hotel, energy and financial
services conglomerate took a smaller impairment charge in its
HighMount Exploration & Production unit.
Net profit rose to $282 million, or 73 cents per share, from
$177 million, or 45 cents per share, a year earlier.
Excluding the charges, adjusted net income fell to $324
million from $343 million.
Loews is controlled by the billionaire Tisch family.
Insurer CNA Financial Corp, Loews' biggest holding,
reported a 25 percent jump in its operating profit due to
higher premium income and lower non-catastrophe losses.