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Cigna cuts FY08 earnings outlook
Friday November 21, 2008 12:09:00 EST
(RTTNews) - Health insurer Cigna Corp. (CI) on Friday cut its full year 2008 earnings outlook, citing bigger than expected loss from its death benefits business in the fourth quarter. However, the company reaffirmed its earnings outlook for the full year 2009.
The Philadelphia-based company said it now expects adjusted income from operations for the full year 2008 to be in the range of $920 million to $950 million, compared to its prior expectations of $950 million to $980 million or $3.40 to $3.50 per share.
Analysts polled by First Call / Thomson Financial currently expect the company to earn $3.55 per share for the full year 2008.
The updated full year 2008 outlook mainly reflects the company's current fourth quarter outl (continued...)
Economic News
Friday November 21, 2008
- Employers Took 2,140 Mass Layoff Actions In October
11:12:00 EST - Richmond Fed's Lacker Says 2009 Recovery Is "Reasonable Expectation"
10:58:00 EST - Bush Discusses APEC Meeting, Defends Record With Latin America And Defends Time in Office
10:04:00 EST - *ECB's Gonz??lez-P??ramo: Slowing demand, intensification and broadening of market turmoil imply materializing of downward risks for economic growth
09:41:00 EST - *Spanish October tourist arrivals down 5.4% on year
09:20:00 EST - Shirakawa Hints No Further Rate Cuts In Near Future
09:17:00 EST
Global Market News
Friday November 21, 2008
- Pound Pares Multi-Day High Versus Franc
11:11:00 EST - *Pound pares multi-day high versus franc; pair now at 1.8215
10:44:00 EST - Servoca CEO resigns, names successor; To incur loss in FY08 on restructuring costs - Update
08:50:00 EST - AngloGold Ashanti Advances In Pre-Market On Signing $1 Bln Loan Facility Agreement
08:43:00 EST - *Look Communications reports FY08 loss per share of C$0.06 vs. loss C$0.10 prior year
08:08:00 EST - BNP Paribas likely to cut bonuses at investment banking unit, says Bloomberg - update
07:56:00 EST
Industry News
Friday November 21, 2008
- Stocks Showing A Lack Of Direction In Early Afternoon Trading - U.S. Commentary
12:31:00 EST - Major Averages Bouncing Back And Forth Across The Unchanged Line
12:25:00 EST - Gold Stocks Keeping TSX in the Green amid flight to safety -- Canadian Commentary
12:06:00 EST - Major Averages Posting Modest Gains Going Into Afternoon Trading
11:59:00 EST - Stocks Move Back To The Downside After Seeing Early Strength - U.S. Commentary
11:28:00 EST - Major Averages Briefly Slide Into Negative Territory
11:27:00 EST
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| Desc | Last | Change (%) | |
| DOW | 7,688.25 | 135.96 (1.80%) | |
| NASDAQ | 1,334.26 | 18.14 (1.38%) | |
| S&P 500 | 765.77 | 13.33 (1.77%) | |
| Russell 2000 | 383.42 | -1.89 (-0.49%) | |
| DOW Transports | 2,997.29 | 8.30 (0.28%) | |
| DOW Utilities | 346.68 | 10.95 (3.26%) | |
General News
Friday November 21, 2008
- Philippine President's Plane Makes Emergency Landing
12:25:00 EST - Pakistan launches "diplomatic initiative" to counter U.S. strikes
12:04:00 EST - Pakistani Army Practices Shooting Down Drones
11:54:00 EST - 17 Killed In Mogadishu Fighting
11:21:00 EST - One killed in Lebanon clashes
10:55:00 EST - Big anti-security pact demo in Baghdad
09:04:00 EST