Practice Management

UnitedHealth Group's first-quarter earnings sank 14 percent, as medical costs dulled enrollment-fueled revenue gains for the nation's largest health insurer, which also expects federal budget cuts will pressure its performance the rest of the year.

Macys gave its chief executive Terry Lundgren pay package worth $11.3 million in 2012. That's down 22 percent from 2011 as he failed to meet all of Macy's financial performance goals.

PepsiCo gave CEO Indra Nooyi a pay package worth $12.6 million last year, which is down 11 percent from the previous year, as the soda-and-snack food giant changed the way it awards long-term incentive compensation.

Genworth Financial Inc. has elected former Sen. Kent Conrad to serve as a new independent director, the insurance holding company said Friday.

Mail-order and online druggist Express Scripts said on Monday its earnings jumped almost 74 percent as more people used generic drugs and it continued to absorb Medco Health Solutions.

Connecticut Light & Power and the union that represents about 1,100 workers reached a contract agreement Thursday that proposes a wage increase of about 11 percent over four years.