Forecast Is Cut by UnitedHealth
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The UnitedHealth Group cut its 2007 revenue forecast yesterday after determining that membership in its full-service Medicare plans for older patients would probably decline âmodestlyâ this year.
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Tenet Healthcare sees bad news for quarters to come.
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UFJ Holdings, a merger target of two major Japanese banks, slashed workers&#39; paychecks Friday and sharply lowered its earnings outlook for the current fiscal half-year as it struggles to cut costs and ease a ballooning debt burden.
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UAL Corp.&#39;s United Airlines said Friday it is following through on its plan to cut $2 billion in costs by cutting back domestic flights and non-union salaries.
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The UnitedHealth Group completed an earnings restatement of up to $1.5 billion tied to its stock options accounting Tuesday.
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Accredo Health Inc. (ACDO.O), which provides pharmacy and treatment services for patients with chronic illnesses, on Monday slashed its profit forecast due to lower reimbursements from government insurers, sending its shares down almost 25 percent.
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UnitedHealth Group Inc. ,  recovering from an options-trading scandal, could see its stock  rise more than 40 percent in the next 12 to 24 months, as its  underlying operations shine, a report said.
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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/AMSTERDAM  - Food and consumer goods giant  Unilever cut its annual profit growth forecast by more than a  half on Monday, blaming wet weather which hit ice cream sales  and stiff competition in washing powders and soaps.
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Cardinal Health (CAH:NYSE - news - research) was grounded once again Monday after the struggling health care supplier laid out plans to cut 4,200 jobs.
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DUBLIN, Ohio - Cardinal Health Inc., a medical products and services company, plans to cut 4,200 jobs, or about 7 percent of its work force, and close 25 offices as part of a three-year restructuring plan, the company said Monday.
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Sputtering U.S. economy forces shipper to cut forecast.
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The retailer cuts its full-year outlook upon experiencing lower-than-anticipated Q1 sales.
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UnitedHealth Group Inc. , which is trying to emerge from a stock options scandal, forecast 2007 net earnings of between $4.7 billion and $4.75 billion on Tuesday, a rise of about 14 percent on better-than-expected revenue.
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United Airlines is poised to make more reductions in its work force -- already 40 percent smaller than it was before the 2001 terrorist attacks. The second-biggest US airline confirmed job cuts will be part of its plan to get out of bankruptcy.
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The company tightens its forecast on cost concerns.
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Health-care plan provider UnitedHealth Group Inc. on Monday reaffirmed its previous outlook for 2004 earnings of at least $3.92 per share, up 32 percent or more from the $2.