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Loews profit falls 12.5 percent as insurance, drilling units weigh

James Tisch, President and Chief Executive of Loews Corporation, speaks during The Economist's Buttonwood Gathering in New York October 25, 2012.

Hotel, energy and financial services conglomerate Loews Corp (L.N) reported a 12.5 percent drop in quarterly profit, hurt by lower revenue from its two major units - multiline insurer CNA Financial Corp (CNA.N) and Diamond Offshore Drilling Inc (a>