Loews Chairman Tisch Has Brain Tumor

Loews Corp. Chairman Robert Tisch has a cancerous brain tumor and has begun treatment, a family spokesman said in a statement.

The family won’t disclose further details of Tisch’s condition, spokesman Howard Rubenstein said.

The 78-year-old Tisch is ranked 186th on Forbes magazine’s annual list of billionaires with a net worth of $2.7 billion. Loews owns insurance, tobacco and oil drilling companies.