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Low Interest Rates Squeeze MONY

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NU Online News Service, May 6, 2004, 5:35 p.m. EDT – Low interest rates hurt earnings at The MONY Group Inc., New York, during the first quarter.[@@]

MONY is reporting a $12.3 million net loss for the quarter on $566.6 million in revenue, compared with $7.6 million in net income on $543.1 million in revenue for the first quarter of 2003.