Peabody's shares surge as profit soars (AP) and UnitedHealth 3Q profit falls but eases analysts (AP)

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City of Industry, CA --(www.USEquityNews.com)-- 10/16/2008 - US Market industry alert provided by U.S. Equity News. ST. LOUIS (AP) -- Shares of Peabody Energy Corp. (NYSE: BTU) surged Thursday after the coal producer reported a better-than-expected quarterly profit as it benefited from strong global demand and higher prices in all regions.
The St. Louis-based company -- which fuels roughly one-tenth of all U.S. electricity generation and more than 2 percent worldwide -- also raised earnings guidance for the full year. [Read the full article]


INDIANAPOLIS (AP) -- UnitedHealth Group Inc. (NYSE: UNH) reported a 28 percent drop in third-quarter profit Thursday, but the insurer also reassured Wall Street with a performance that met or surpassed expectations in several areas.
Minnetonka, Minn.-based UnitedHealth said net earnings fell to $920 million, or 75 cents per share, in the quarter ending Sept. 30, down from $1.28 billion, or 95 cents per share, in the same quarter last year. This was driven in part by higher operating costs.But the second-largest U.S. [Read the full article]

NEW YORK (AP) -- Airlines shares rose in a choppy market Thursday, lifted by falling oil prices, positive outlooks and optimistic analyst comments.In afternoon trading, the AMEX Airline Index rose 10.7 percent, with all 14 component stocks on higher ground. Crude oil was down $4.88 at $70 a barrel on the New York Mercantile Exchange. Continental and Southwest are the latest carriers to report third-quarter losses, following earnings reports from Delta and American parent AMR on Wednesday. High fuel costs and weather disruptions left Continental with a $236 million loss. [Read the full article]

CHARLOTTE, N.C. (AP) -- Shares of insurance companies mostly fell Thursday afternoon as the broader market fluctuated and Chubb Corp. became the latest insurer to disclose third-quarter losses.The Warren, N.J.-based insurer said its third-quarter results will be sharply lower, hurt by investment and catastrophe losses. [Read the full article]

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