(Reuters) - CNA suffered $91 million of investment losses, up from $64 million a year earlier, hurt by rising interest rates and a $20 million writedown related to subprime debt. This contributed to a 9 percent decline in quarterly profit. Most of the losses appeared in results of Loews, which owns 89 percent of CNA.
Loews shares fell as much as 8.7 percent, and CNA as much as 12.3 percent.
Read more at Reuters.com Hot Stocks News
Loews shares fell as much as 8.7 percent, and CNA as much as 12.3 percent.
Read more at Reuters.com Hot Stocks News
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