Nov 2- Hotel, energy and financial services conglomerate Loews Corp reported a 12.5 percent drop in quarterly profit, hurt by lower revenue from its two major units- multiline insurer CNA Financial Corp and Diamond Offshore Drilling Inc.. Loews' net income fell to $182 million, or 50 cents per share, in the third quarter ended Sept. 30, from $208 million, or 55 cents per...
Nov 2- Hotel, energy and financial services conglomerate Loews Corp reported a 12.5 percent drop in quarterly profit, hurt by lower revenue from its two major units- multiline insurer CNA Financial and Diamond Offshore Drilling Inc.. Loews' net income fell to $182 million, or 50 cents per share, in the third quarter ended Sept. 30, from $208 million, or 55 cents per...
Aug 3- Loews Corp, a hotel, energy and financial services conglomerate, reported a 44 percent drop in its quarterly operating profit due to lower revenue from its Diamond Offshore Drilling Inc unit and its insurance business. Diamond Offshore, Loews' second-largest subsidiary, also posted an 8.4 percent fall in quarterly revenue, hurt by weak demand due to a slump...
U.S. stocks closed down on Monday despite oil settling higher, as concerns about Greece continued to weigh.
U.S. stock index futures signaled a lower open on Monday, set to follow European markets lower as negotiations over Greece's bailout program weighed.
Cyberattacks against small businesses are soaring. To mitigate risk, many owners are opting for cyberliability insurance. Here's why. ...
Some of Monday's midday movers:
U.S. stock index futures ticked lower on Monday, ahead of the Federal Reserve meeting and another heavy week for second quarter earnings.
The Fed is expected to repeat its dovish message in the coming week, which could provide a safety net for the market amid a big wave of earnings and the April jobs report.
LONDON, Oct 12- Britain's energy suppliers, hit by rising operating and fuel costs, should think twice before hiking rates for cash-strapped families, finance minister George Osborne said on Friday.
LONDON, Oct 12- Britain's' Big Six' energy suppliers, which control 99 percent of the market, are expected to increase energy tariffs this winter following a rise in underlying wholesale prices, network costs and mandatory government schemes to reduce carbon emissions and help disadvantaged households.
*British Gas prices to rise 6 pct from Nov. 16. LONDON, Oct 12- Two of Britain's biggest energy suppliers are raising their prices just as millions of cash-strapped consumers switch on their central heating for the winter, saying higher costs made the move unavoidable.
*British Gas says faces rising wholesale prices and upgrade costs. LONDON, Oct 12- Centrica PLC, the owner of Britain's biggest energy supplier, is raising its domestic gas and electricity prices by 6 percent next month, saying it was necessary to cover rising wholesale prices and upgrade costs.
*Tokyo Gas says oil-indexation "not rational". Producers BG Group, Russia, Norway and Qatar regard them as cornerstones of the business. Tokyo Gas, Japan's single biggest importer of oil-linked, called the global gas pricing mechanism "not rational" in light of cheap U.S. gas exports expected to flood markets by 2016..
*British Gas says faces rising wholesale prices and upgrade costs. LONDON, Oct 12- Centrica PLC, the owner of British Gas, Britain's biggest energy supplier, is hiking its domestic gas and electricity prices by 6 percent next month, saying the "unwelcome news" for already tight household budgets was necessary to cover rising wholesale prices.
LONDON, Oct 12- Centrica PLC:. *Will raise domestic gas and electricity prices by an average of 6% on 16. *Annual dual fuel bills for British gas customers with average consumption.
LONDON, Oct 10- Britain's National Grid Plc. "This drilling operation is a major step forward in the development of a long-term, large-scale CCS cluster of transportation networks and storage facilities in the UK," Jim Ward, National Grid's head of CCS, said on Wednesday.
MOSCOW, Oct 8- Gazprom on Monday launched the second line of the Nord Stream pipeline which brings Russian gas to Germany via the bed of the Baltic Sea, but actual gas volumes remained unchanged due to lack of sufficient growth in demand.
LONDON, Oct 8- Britain is in danger of suffering a long-term loss of liquefied natural gas supply as top exporter Qatar sends only left-over short-term deliveries to the UK while more and more of its LNG goes to higher paying Asian customers. Analysts and British energy companies say the strategy rewards Qatar but puts Britain at a significant disadvantage.
OSLO, Oct 8- Norway's small Atla gas field in the North Sea has started producing gas two years after it was discovered, Norwegian oil firm Det Norske, a partner with 10 percent in the production license, said on Monday.