International Business News - CNA http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Loews Corp. said Friday it will spend $490 million on 21.2 million common shares of Boardwalk Pipeline Partners LP, which plans to use the proceeds to expand its pipelines. http://www.ibtimes.com/articles/20081031/loews-to-buy-490m-in-boardwalk-pipeline-stock.htm Fri, 31 Oct 2008 08:54:44 EDT Fitch Ratings on Tuesday lowered its rating outlook on CNA Financial Corp. from "Stable" to "Negative" a day after the commercial insurer reported it swung to a loss and announced a $1.25 billion capital infusion by its majority owner. http://www.ibtimes.com/articles/20081028/fitch-lowers-cna-financials-rating.htm Tue, 28 Oct 2008 15:36:30 EDT Loews Corp. on Monday posted a loss in the third quarter due to heavy investment losses at its majority-owned insurance subsidiary CNA Financial Corp. http://www.ibtimes.com/articles/20081027/loews-swings-to-3q-loss-to-inject-capital-in-unit.htm Mon, 27 Oct 2008 12:54:01 EDT Commercial insurer CNA Financial Corp. said its chief executive, Stephen Lilienthal, will step down at year-end, five months earlier than planned. He will be replaced by Thomas Motamed, formally the vice chairman and chief operating officer for insurer Chubb Corp. http://www.ibtimes.com/articles/20081027/cna-financial-ceo-lilienthal-to-retire-at-year-end.htm Mon, 27 Oct 2008 12:31:12 EDT CNA Financial Corp. on Monday said it posted a loss in the third quarter, hurt by heavy investment losses, leading to Loews Corp. to inject up to $1.25 billion into the commercial insurer. http://www.ibtimes.com/articles/20081027/cna-financial-swings-to-3q-loss-misses-estimates.htm Mon, 27 Oct 2008 12:30:03 EDT CNA Surety Corp., a provider of surety and fidelity bonds, said Friday its third-quarter earnings rose 23 percent, beating Wall Street estimates, helped by favorable changes to the company's loss ratio. http://www.ibtimes.com/articles/20081024/cna-surety-3rd-qtr-profit-rises-beats-estimates.htm Fri, 24 Oct 2008 13:24:51 EDT Shares of most property and casualty insurers traded lower on Monday as American International Group Inc. sought to stay in business and investors tallied the cost of Hurricane Ike. http://www.ibtimes.com/articles/20080915/sector-snap-insurers-decline-on-aig-ike.htm Mon, 15 Sep 2008 14:21:43 EDT Shares of major property and casualty insurance companies surged Monday with the broader financial sector, even as Hurricane Ike continued to churn toward the Gulf Coast. http://www.ibtimes.com/articles/20080908/sector-snap-property-and-casualty-insurers.htm Mon, 08 Sep 2008 12:11:35 EDT Shares of steel producers rose Wednesday, a day after Nucor Corp. announced two scrap metal acquisitions, a move that will reduce the company's need to go to the open market to obtain increasingly expensive scrap. http://www.ibtimes.com/articles/20080806/sector-snap-steel-makers-up-after-acquisitions.htm Wed, 06 Aug 2008 11:49:13 EDT Among the earnings stories for Monday, July 28, from AP Financial News: CHICAGO (AP)--CNA Financial Corp. said Monday its second-quarter earnings fell nearly 17 percent in the second quarter, reflecting lower premiums and investment losses. http://www.ibtimes.com/articles/20080728/earnings-roundup-cna-financial-belo.htm Mon, 28 Jul 2008 14:36:03 EDT Among the sector activity stories for Monday, July 28, from AP Financial News: NEW YORK (AP)--As chip stocks retreated along with the broader market Monday, Micron Technology Inc. was among the sector's top decliners, with other memory chip makers also down amid investor worries about how they will fare as consumer spending continues to weaken. http://www.ibtimes.com/articles/20080728/sector-roundup-semiconductors-insurance.htm Mon, 28 Jul 2008 14:28:34 EDT Shares of American International Group Inc. fell sharply Monday, as its fellow industry players continued to weather what's turning out to be a tumultuous second quarter. http://www.ibtimes.com/articles/20080728/aig-shares-fall-as-sector-remains-mixed.htm Mon, 28 Jul 2008 18:59:32 EDT Insurance company stocks were mostly lower Monday, as investors responded to a second-quarter report from CNA Financial Corp. and awaited reports from other insurance companies after the close of regular trading. http://www.ibtimes.com/articles/20080728/sector-snap-insurance-stocks-mostly-down.htm Mon, 28 Jul 2008 13:17:47 EDT CNA Financial Corp. said Monday its second-quarter earnings fell nearly 17 percent in the second quarter, reflecting lower premiums and investment losses. http://www.ibtimes.com/articles/20080728/cna-financial-2q-profit-falls-17-pct.htm Mon, 28 Jul 2008 12:27:49 EDT CNA Financial Corp.'s profit fell nearly 17 percent in the second quarter, reflecting lower premiums and investment losses, the company said Monday. The Chicago-based commercial insurer earned $181 million, or 67 cents per share in the April-June period. That compared with profit of $217 million, or 80 cents per share, a year earlier. http://www.ibtimes.com/articles/20080728/cna-financial-2q-profit-falls-17-pct.htm Mon, 28 Jul 2008 12:24:45 EDT Shares of insurers fell Friday along with the broader market amid continuing concern about the financial stability of mortgage giants Fannie Mae and Freddie Mac. http://www.ibtimes.com/articles/20080711/closing-glance-insurers-fall.htm Fri, 11 Jul 2008 16:19:58 EDT Shares of insurers fell early Friday as the broader market plunged amid fears Fannie Mae and Freddie Mac, the nation's largest purchasers of mortgages, would need a government bailout. http://www.ibtimes.com/articles/20080711/opening-glance-insurers.htm Fri, 11 Jul 2008 09:58:03 EDT Shares of insurers mostly fell Thursday as Moody's Investors Service cut the rating of mortgage insurer MGIC Investment Corp. a day after lowering ratings on PMI Group Inc. and American International Group Inc.'s mortgage insurance subsidiaries. http://www.ibtimes.com/articles/20080710/closing-glance-insurers-drop.htm Thu, 10 Jul 2008 16:15:53 EDT Shares of insurers were mixed early Thursday, a day after Moody's Investors Service cut the financial strength ratings of PMI Group Inc. and American International Group Inc.'s mortgage insurance units amid continued concerns in the lending markets. http://www.ibtimes.com/articles/20080710/opening-glance-insurers-mixed.htm Thu, 10 Jul 2008 09:50:59 EDT Shares of insurers mostly fell Wednesday along with the broader market as oil prices rebounded after two consecutive days of declines. Here's a look at how some insurers fared Wednesday: http://www.ibtimes.com/articles/20080709/closing-glance-insurers.htm Wed, 09 Jul 2008 16:16:54 EDT