BUSINESS NOTES NETZERO LAUNCHES SITE FOR MARKETERS.WESTLAKE VILLAGE - Free Internet provider Internet provider - Internet Service Provider NetZero Inc. on Tuesday unveiled its CyberTarget market research Web site, www.cybertarget.com. The CyberTarget division will use the data accumulated on its 5 million- plus users to offer marketers audience measurement services and highly targeted market research panels, while maintaining the privacy of users' personal information. - Daily News Aetna settles suit with $82.5 million NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of - Aetna has agreed to pay $82.5 million to settle a class-action shareholder lawsuit accusing the insurer of misleading investors about its financial status. Aetna, the nation's largest insurer, did not admit any wrongdoing wrong·do·er n. One who does wrong, especially morally or ethically. wrong  do in the settlement which was announced Tuesday.
The lawsuit accused Aetna of failing to disclose problems that the Hartford, Conn.-based company was having in mid-1997 relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc its purchase of U.S. Healthcare U.S. Healthcare is a now-defunct healthcare company. The logo had an apple. The merger with Aetna In 1996, the company merged with Aetna, calling it Aetna U.S. Healthcare. The U.S. Healthcare apple logo was next to the Aetna name, and U.S. Healthcare under it. U.S. , which were affecting the company's finances. The suit was initially filed in 1997 in U.S. District Court in Philadelphia. The case had yet to go to trial. Aetna's stock fell from $106 on Sept. 18, 1997 to $81 on Sept. 29, 1997. It ended the year selling for about $70 per share. - Associated Press Associated Press: see news agency. Associated Press (AP) Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world. OPEC OPEC: see Organization of Petroleum Exporting Countries. OPEC in full Organization of the Petroleum Exporting Countries Multinational organization established in 1960 to coordinate the petroleum production and export policies of its won't make supply decision CARACAS, Venezuela - OPEC members sidestepped growing demands Tuesday that they increase oil production as the cartel's first summit in 25 years began in Venezuela's spruced-up capital. Despite strong international pressure to lower prices, officials from the Organization of the Petroleum Exporting Countries insisted they were not making production decisions this week but instead were focusing on a summit declaration of the cartel's long-term goals Long-term goals Financial goals expected to be accomplished in five years or longer. that will be released Thursday. - Associated Press Trust rejects offer for Herbalife stock Herbalife International Inc. reported Tuesday that the Mark Hughes Family Trust, the company's largest shareholder, rejected an unsolicited offer to purchase the shares of Herbalife held by the trust. The unsolicited offer was made in a Sept. 22 letter to the trust from Rbid.com, according to Herbalife officials. ``The trust indicated that various factors led to the conclusion that the proposal did not warrant discussion or negotiation,'' according to statement issued by Herbalife. - City News Service |
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