Minnesota stocks at the open
3M down about .6%
UnitedHealth, which is meeting analysts and investors in New York, is down about .4%
Executives from UnitedHealth Group, Minnesota's biggest company by revenue, are meeting Wall Street analysts and big investors in New York today. The company disappointed them yesterday with a statement in advance of the meeting that contained 2014 sales and earnings forecasts that were below expectations. UnitedHealth shares fell a little less than a half-percent yesterday and are down about that much so far this morning.
Among the headlines coming out of the conference this morning is a statement that is not surprising but an interesting exchange nonetheless. Asked by an analyst whether UNH would spin off its Optum data services subsidiary (which has been in news lately for its role in fixing the Obamacare web site), the executives said no. The exact quote was that it is "not on our agenda" but it "remains an option if and when it becomes compelling."