Business News
7/3/2008 9:56:13 AM EST
UnitedHealth cuts 4,000 jobs and 2008 outlook
MINNEAPOLIS – (AP) UnitedHealth Group Inc. cleared its decks of bad news on Wednesday, announcing a lower profit outlook, a restructuring that will trim 4,000 jobs and a $900 million payout to settle a class-action lawsuit over options backdating.
UnitedHealth said its restructuring would change operations on every level to focus more on regional coverage. Full version (available to lexis.com subscribers)
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