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Wachovia (WB) announced today that its earnings rose 13% to $1.06 a share. Excluding merger costs, the bank earned $1.19 a share which was in line with expectations.

The other big news of this morning is that UnitedHealth (UNH) said that Bill McGuire will step down as CEO, apparently the latest victim of the options backdating scandal. Reuters has a timeline of key events in the scandal.

Posted by edelfenbein at October 16, 2006 9:23 AM