NU Online News Service, Feb. 9, 2004, 6:03 p.m. EST – Strong private-placement activity helped The Phoenix Companies Inc., Hartford, cut its net loss in the fourth quarter of 2003.[@@]
The company is reporting a $3 million net loss for the latest quarter on $698.5 million in revenue, compared with a $14.5 million net loss on $611.4 million in revenue for the fourth quarter of 2002.