Health insurers that easily outpaced the broader market in trading last year nosedived this week after UnitedHealth released shaky first-quarter earnings. Earnings at UnitedHealth slumped 8 percent in the most recent quarter as it juggled funding cuts to Medicare Advantage plans and new costs from the health care overhaul.» Read More
Oct 24- Embattled U.S. truck and engine maker Navistar International Corporation said it would sell 10 million common shares to the public to raise about $190 million to fund capital expenditure and other initiatives.
WASHINGTON, Oct 24- The Federal Reserve on Wednesday stuck to its plan to keep stimulating the U.S. economy until the job market improves and repeated its vow to keep rates near zero until mid-2015. Richmond Fed President Jeffrey Lacker again dissented against the decision, as he has done at every meeting this year.
LUCK OUT: Casino hotel operator Wynn Resorts Ltd. saw is profit decline nearly 12 percent in the third quarter, as a debt-related loss drove expenses higher. NUMBERS GAME: Net income fell to $112 million, or $1.11 per share, compared with net income of $127.1 million, or $1.01 per share, a year earlier.
LAS VEGAS-- Wynn Resorts Ltd.' s profit fell nearly 12 percent in the third quarter, as a debt-related loss boosted expenses for the casino operator. The latest quarterly report card showed Wynn's casino resorts in Las Vegas benefited from a stronger gambling business, as its table games and slot machines generating more revenue.
THE COSTS: Since President Barack Obama took office, average tuition at public four-year colleges has grown 26 percent beyond overall inflation. THE PRESIDENT: Obama argues he's taken bold steps on student aid that minimized the damage of a deep recession and will build for the future.
Delta Air Lines reported a billion-dollar third-quarter profit and said demand is holding up well. The world's second-largest airline posted net income of $1.05 billion, or $1.23 per share, compared with $549 million, or 65 cents, a year earlier. And Southwest is still integrating AirTran _ 17 months after buying the company.
BILLERICA, Mass.-- Entegris Inc. said Wednesday that its chief operating officer will become CEO next month as its chief executive steps aside. Gideon Argov, 55, Entegris' current CEO, will step down Nov. 27, when Loy, 47, will officially become CEO.
*US says bank sold toxic loans to Fannie Mae, Freddie Mac. Oct 24- The United States filed a civil mortgage fraud lawsuit against Bank of America Corp, accusing it of selling thousands of toxic home loans to Fannie Mae and Freddie Mac that went into default and caused more than $1 billion of losses.
LONDON-- The New York Times stood by its incoming chief Wednesday as he denied knowledge of a BBC child sex abuse scandal that threatened to follow him from one of Britain's most respected news organization to one of America's.
BEIRUT/ CAIRO- Syria said on Wednesday its military command was still studying a proposal for a holiday ceasefire with rebels- contradicting international mediator Lakhdar Brahimi's announcement that Damascus had agreed to a truce.
NEW YORK-- Best Buy said Wednesday two executives, including its U.S. president, are leaving the company as it eliminates the most senior level of its U.S. operations, the latest move by CEO Hubert Joly to turn around the struggling electronics chain. Shares of Best Buy fell 7.5 percent in after-hours trading.
MINNEAPOLIS-- Ameriprise Financial Inc. said Wednesday its third-quarter net income dropped nearly in half as the company recalculated how much its insurance and annuities were worth.
MEMPHIS, Tenn.-- International Paper Co. said Wednesday it is forming a new joint venture with a unit of Brazil's Grupo Orsa to support its global packaging business.
But government attorneys claim Hobby Lobby cannot claim to exercise religion to avoid laws designed to regulate commercial activity. "Hobby Lobby is a for-profit, secular employer, and a secular entity by definition does not exercise religion," the government said.
SALT LAKE CITY-- Shares of Fusion-io Inc., a provider of data center technology, tumbled in after-hours trading Wednesday after it said earnings fell 45 percent in its fiscal first quarter, and it offered a weak outlook for the current quarter.
CALABASAS HILLS, Calif.-- The Cheesecake Factory reported a 32 percent rise in quarterly earnings Wednesday as more customers showed up to eat at its restaurants. Net income for the third quarter was $27.2 million, or 49 cents per share. Comparable sales at Cheesecake Factory restaurants rose 2.9 percent from a year earlier.
Oct 24- AT&T Inc added fewer customers than expected in the third quarter due to a shortage of the latest Apple Inc iPhone, highlighting its outsize dependence on the device. Since most people already have cellphones, operators like AT&T and Verizon have to battle each other to add new customers.
LONDON, Oct 24- Incoming New York Times chief Mark Thompson said on Wednesday his U.S. employer had given him full support since a sexual abuse scandal erupted at Britain's BBC where he had been in charge until last month.
WASHINGTON, Oct 24- New U.S. single-family home sales surged in September to the highest level in nearly 2-1/ 2 years, further evidence the housing market recovery is gaining steam.
BRENTWOOD, Tenn.-- Tractor Supply Co. said Wednesday that third-quarter profit rose 17 percent on strong sales of pet- and animal-related merchandise at its farm stores. Tractor Supply said it expected to earn between $3.63 and $3.69 per share this year, compared with a previous prediction of $3.58 to $3.66 per share.