Nasdaq CEO Touts Facebook Payback Plan
The top executive of Nasdaq OMX Group Inc. (NDAQ) said Wednesday that a revamped compensation plan for firms hit by glitches in the stock-market debut of Facebook Inc. (FB) represented the exchange company's "definitive" response to the debacle.
WellPoint Reports Lower Profits, Outlook As Costs Rise
WellPoint Inc.'s (WLP) second-quarter earnings fell 8.3%, weighed down by litigation and acquisition costs, and the health insurer expects more pressure ahead from a mix of declining membership and rising medical costs.
Lorillard 2nd Quarter Net Falls 2.4% on Lower Volume
Lorillard Inc.'s (LO) second-quarter earnings fell 2.4% as declining shipments slowed the tobacco company's sales growth more than expected, while higher raw material and state settlement costs kept a lid on margins.
Northrop Grumman's 2Q Results: Postgame Scorecard
Northrop Grumman (NYSE:NOC) saw its profit decline in the second quarter. Earnings and Revenue The company experienced stronger-than-expected EPS and revenues. The company reported EPS of $1.88 a share versus the $1.61 a share estimate and revenues of $6.27 billion versus the $6.18 billion