Earnings roundup: UnitedHealth, Fifth Third

By Associated Press
July 22, 2008 | Comments (0)

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Among the earnings stories for Tuesday, July 22, from AP Financial News:

Top stories:

MINNEAPOLIS (AP) _ Managed-care provider UnitedHealth Group Inc. has reported a sharp drop in second-quarter profit because of hefty lawsuit settlements and thinner margins in its health care services business, but adjusted results topped Wall Street expectations.

Other stories:

CINCINNATI (AP) _ Fifth Third Bancorp on Tuesday said it swung to a second-quarter loss on measures to cover bad loans and charges related to the tax treatment of leases.

CLEVELAND (AP) _ Regional bank KeyCorp on Tuesday posted a second-quarter loss as its set-asides to cover bad loans swelled, and it booked more than $1 billion in charges from a court ruling involving the tax treatment of part of its leveraged lease portfolio.

CHARLOTTE, N.C. (AP) _ Carlisle Cos., which makes truck brakes, tires, wheels and construction and roofing materials, said Tuesday its second-quarter profit edged up nearly 2 percent on sales increases at all of its segments.

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