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Search resuls for: "James Tisch"


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James Tisch, President and Chief Executive of Loews Corporation, speaks during The Economist's Buttonwood Gathering in New York October 25, 2012. REUTERS/Carlo Allegri/File Photo Acquire Licensing RightsOct 30 (Reuters) - Loews Corp (L.N) on Monday reported a profit in the third quarter compared to a loss a year earlier, boosted by higher investments and insurance unit CNA Financial's (CNA.N) strong performance. Investment income for the New York-based company jumped to $592 million in the third quarter ended Sept. 30 from $404 million a year earlier. The company reported an underlying combined ratio of 90.4% in its property and casualty business, compared with 91.1% a year earlier. CNA's larger peer, Travelers Companies (TRV.N), reported a 14% fall in quarterly profit earlier this month.
Persons: James Tisch, Carlo Allegri, Pritam Biswas, Shinjini Organizations: Loews Corporation, REUTERS, Loews Corp, CNA, U.S . Federal, Loews, New, Travelers Companies, Thomson Locations: New York, Bengaluru
A younger member of the Tisch family spent nearly $20 million in recent days buying up more shares of Loews Corp ., according to securities filings and VerityData. Benjamin Tisch, the son of Loews CEO James Tisch, bought about $18.8 million worth of stock over three days. Loews — The conglomerate's senior vice president Benjamin Tisch scooped up about $18.8 million worth of stock from May 31 to June 2. It is first buy on record for Benjamin Tisch. StepStone Group — Head of strategy Michael McCabe bought $2.2 million worth of the asset management firm's stock in the first five days of June.
Persons: Tisch, Benjamin Tisch, James Tisch, Michael McCabe, Daryl Bible, Bible, Christopher Rondeau, Jan De Witte, Eric Schwartz Organizations: Loews Corp, Loews, CNA Financial, CNA, Fortress Investment Group, VerityData, StepStone, , T Bank, Truist, Integra LifeSciences
Jimmy Finkelstein's startup The Messenger launched today with a Trump interview leading the site. Advertisers said it'll be tough to sell ads on a site without an established audience. The site led with an interview with former President Donald Trump and ads from the American Petroleum Institute. The Messenger said it'll roll out seven other verticals including business, entertainment, and sports later in the year. Image from The Messenger's launch ad campaign.
Jimmy Finkelstein's startup The Messenger will roll out an ad campaign touting its mission to provide unbiased news. An ad campaign by Publicis unit Le Truc will kick off May 22 and is designed to provoke, with copy like "Agendas are for meetings. Image from The Messenger's launch ad campaign. The Messenger said it'll have three to four big advertisers at launch as well as a significant amount of programmatic advertising. The Messenger's ad campaign promotes its ambitions to provide unbiased news.
Loews CEO James Tisch used a colorful Warren Buffett quote to describe the recent banking chaos. Tisch warned of more turmoil ahead, and urged the Fed to pause its rate hikes for three months. "As Warren Buffett says, 'When the tide goes out, you see who was swimming without a bathing suit,'" Tisch said. If authorities hadn't intervened, they risked a "full-fledged banking catastrophe" and a "massive, uncontrolled bank scare" with huge repercussions, he continued. However, Tisch warned of more trouble ahead.
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