NU Online News Service, Nov. 5, 10:39 a.m. EST
Bailout fund recipient The Hartford Financial Services Group reported it had reduced its net loss in the third quarter to $220 million compared with a $2.6 billion loss for the period last year.
Liam McGee, the company's new chief executive, who took over when the company accepted $3.4 billion in Troubled Asset Relief Program funds, emphasized in a teleconference with analysts that "our franchise is stable" and "top line has been affected, but core earnings remain strong."
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