| Page 2 of 2 < |
AIRLINES
UnitedHealth to Shed 4,000 Jobs
|
TOOLBOX
   Resize
COMMENT
 Discussion Policy
 CLOSE
Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. Finally, we will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site. Please review the full rules governing commentaries and discussions. You are fully responsible for the content that you post.
Who's Blogging  |
UnitedHealth Group said it would cut at least 4,000 jobs, or 5 percent of its workforce as it restructures and warned that the weak economy and higher costs will cut into profit.
The company also said it will pay $895 million to settle lawsuits over stock option backdating and will pay $17 million to a fund in an agreement to resolve a suit related to the Employee Retirement Income Security Act.
LEGAL
Lawyer's Son Sentenced
The son of anti-tobacco lawyer Richard "Dickie" Scruggs was sentenced to 14 months in prison for knowing about a judicial bribery scandal and not reporting it to authorities. Zach Scruggs was sentenced by the same federal judge who last week sent his father to prison for five years for conspiring to bribe a Mississippi judge.
INTERNET
Broadband Too Costly, Study Says
A study by the Pew Internet and American Life Project challenges the argument that broadband providers need to more aggressively roll out supply to meet demand. Just 14 percent of dial-up users say they're stuck with the older, slower connection technology because they cannot get broadband in their neighborhoods, Pew reported. Thirty-five percent say they're still on dial-up because broadband prices are too high.
Compiled from reports by Washington Post staff writers, the Associated Press and Bloomberg News.
