Short Reports
Aetna warned Tuesday that second-quarter earnings may be well below Wall Street expectations due to rising medical costs at its health maintenance organizations. The company is scheduled to report on Aug. 4.
A judge in New Brunswick, N.J., has ordered Wal-Mart to pay more than $2 million to a former cashier who said he was harassed and fired after a boss learned he was undergoing a male-to-female sex change. The default judgment was issued after the company failed to respond to the lawsuit.
Coca-Cola is still the most valuable brand in the world, but Microsoft is close behind, according to a survey by Interbrand. Microsoft’s name is valued at $70.2 billion. Coca-Cola is valued at $72.5 billion. Interbrand calculates the brand’s value according to estimates of its future earnings potential based on the company’s financial statements and analyst reports.