February 2, 2000 |
Aetna Inc. said Tuesday that it will restate earnings for 1998 and the first three quarters of 1999 after a U.S. Securities and Exchange Commission review. Changes related to Aetna's 1997 sale of Human Affairs International Inc. to Magellan Health Services Inc. will reduce profit from operations by $10 million each for the first three quarters of 1999, the insurance company said. A similar reduction is expected for the fourth quarter.
August 15, 2000 |
Toys R Us Inc. on Monday reported a 75% plunge in profit for its second quarter as sales cooled and its year-old Web site continued to drain earnings. Still, the nation's largest toy retailer beat analysts' expectations by a penny. The results were encouraging to some on Wall Street, who said they are optimistic that the company is on the right track with new initiatives such as last week's partnership with dominant online retailer Amazon.com to jointly sell toys online.