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Loews Corporation Reports Net Income for the Second Quarter of 2012

NEW YORK--(BUSINESS WIRE)--Loews Corporation (NYSE:L) today reported net income for the 2012 second quarter of $56 million, or $0.14 per share, compared to $250 million, or $0.61 per share, in the 2011 second quarter. Net income for the six months ended June 30, 2012 was $423 million, or $1.06 per share, compared to $629 million, or $1.53 per share, in the prior year period.