UnitedHeath cuts 2007 revenue forecast
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UnitedHealth Group  on Monday said it has lowered its 2007 revenue forecast after determining its SecureHorizons Medicare Advantage membership will likely decline "modestly" this year.
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Investment bank HSBC has revised   downward its forecast for 2007 economic growth and cautioned   that the risk of an outright recession is growing as a retreat   in housing threatens household balance sheets.
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General Motors Corp.  on Friday cut its outlook for industry-wide U.S. auto sales in 2007, estimating annual sales of about 16.8 million vehicles, down from an earlier forecast of 17 million units.
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Sputtering U.S. economy forces shipper to cut forecast.
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Airlines are slashing costs and planning to eliminate jobs, admitting that they expect to post weak results in the fourth quarter and see a bleak start to 2005.
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Bankrupt United Airlines (UALAQ.OB: Quote, Profile, Research) said on Friday it needs labor cost cuts on top of any gains from terminating employee pensions and expects to move toward voiding its labor contracts in early November.
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E-Trade Financial Corp. on Monday slashed forecasts for 2007 profit as the discount brokerage exited the wholesale mortgage business because of a slew of bad home loans.
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United Airlines said it will need to cut more than $1 billion from its annual costs, a much higher figure than previous estimates.
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United Airlines is mulling plans to cut 6,000 jobs -- or 10 percent of its work force, according to the Financial Times. The move would allow the bankrupt carrier to cut annual operating costs by $655 million.
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Shares in the telecommunications equipment maker fell today to their lowest level after the company slashed its forecast for full-year revenue growth.
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Output peaked in 2006 and will fall 7% a year while a decline in gas, coal and uranium is also predicted.
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United Airlines, which has said it  plans to skip nearly $500 million in pension contributions this  fall, said in bankruptcy court papers it likely will have to  cancel and replace all of its pension plans.
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Manchester United, the world&#39;s biggest soccer club, said revenue from broadcasting, a third of its total income, may plunge 25 percent next year as the team earns less from televised games in England and Europe.
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Laboratory Corp. of America Holdings  on Thursday cut its 2007 earnings forecast after Aetna Inc.  terminated its LabCorp contract, sending shares in the diagnostic services company down by as much as 11 percent.
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LONDON: A leading business group cut its 2005 forecast for British economic growth yesterday, blaming a combination of high oil and commodity prices, slowing global growth and domestic interest rate rises.
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Existing home sales will fall further and prices will drop more sharply in 2007 than earlier expected, a leading real estate trade association predicted on Tuesday.
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Airbus, the European plane maker, said on Wednesday that it expected orders for new aircraft to halve to around 700 this year after a record order intake in 2007.