Business Services Industry
Late News.(Russell P. Fradin joins Hewitt Associates Inc)(IPC Holdings Ltd to be sold)(Mike Foley joins Zurich North America Commercial)
Business Insurance, August, 2006
UnitedHealth, HCC delay earnings reports UnitedHealth Group Inc. and HCC Insurance Holdings Inc. separately announced last week that they would delay filing quarterly earnings reports with the Securities and Exchange Commission due to reviews of their respective stock-option granting practices.
Both reviews are ongoing, and no conclusions have been reached regarding the companies' options practices, or accounting treatment for stock options, UnitedHealth and HCC said in statements. Standard & Poor's Corp. last week revised its outlook on UnitedHealth to negative from stable, due to a potential financial restatement arising from misaccounting for UnitedHealth's stock-option plan. NOAA reduces storm forecast The National Oceanic and Atmospheric...
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