Word of the Day

Commodity

Even if you don't think you do, you already know plenty about commodities. Want us to prove it? No problem.

What makes oil produced in Saudi Arabia different from oil exported from Nigeria? It's the same thing that makes the corn you ate at last summer¿s barbecue different from the corn used to produce ethanol. Stumped? Well, don't feel bad, it's a trick question. The answer? Absolutely nothing. Corn is corn no matter where it comes from -- just as wheat is wheat and natural gas is -- right! -- natural gas. (Though the quality may differ, the make-up is uniform.)

So, in less elaborate terms, corn and oil (and all other commodities) are homogenous goods that can be processed, resold and more often than not, used as an input to the production of other goods or services. These goods are traded on a commodity exchange, thus setting the price-per-barrel (or other metric unit) used to value them.

Now pay attention, here's a question that indeed does have an answer: What is the difference between a commodity and a stock? While a stock can tank and become worthless, a commodity cannot have its value be wiped to zero. One other difference: Most commodities are traded in futures, meaning traders buy and sell where they think the price of a product will be at a certain point in the future. Stocks trade based on the value of the underlying company at that point in time.

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Tuesday, July 01, 2008

CIGNA Corporation Announces Second Quarter and Third Quarter 2008 Earnings Release Dates

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Comtex

PHILADELPHIA, Jul 01, 2008 (BUSINESS WIRE) ----CIGNA Corporation (NYSE:CI) will release its second quarter 2008 financial results on Friday, August 1, 2008 and its third quarter 2008 financial results on Thursday, October 30, 2008.

Second quarter 2008 financial results will be released on August 1, 2008 no later than 6:30 a.m. Eastern Time (ET). Management will review these results and the full year outlook for 2008 on a conference call beginning at 8:30 a.m. ET that same morning. The call-in numbers for the conference call are as follows:

 Live Call (888) 778-9067 (Domestic) (913) 312-1238 (International) Replay (888) 203-1112 (Domestic Replay)
   (719) 457-0820 (International Replay) Passcode: 4732501

It is strongly suggested you call by 8:15 a.m. ET on August 1st. The operator will periodically provide instructions regarding the call. A replay of the call will be available from 12:30 p.m. ET on Friday, August 1st, until 11:59 p.m. ET on Friday, August 15th. Additionally, the quarterly conference call will be available on a live Internet web cast at http://www.cigna.com under Investors, Event Calendar section or at http://www.fulldisclosure.com. Please note that this feature will be in listen-only mode.

Anyone listening to the CIGNA call and/or web cast is encouraged to read CIGNA's 2007 Annual Report to Shareholders, 2007 Form 10-K and other reports on file with the Securities and Exchange Commission, including the Cautionary Statement and discussion of risk factors and on CIGNA's historical results of operations and financial condition.

A copy of the company's news release and statistical supplement will be available online at http://www.cigna.com under Investors, Most Recent Disclosures section, by 7:00 a.m. ET on August 1st.

To ensure fair dissemination of information, no inquiries regarding CIGNA's results should be made to the Investor Relations Department until after the conference call on August 1, 2008.

CIGNA Corporation and its subsidiaries constitute one of the largest investor owned health and related benefits organizations in the United States. Its subsidiaries are major providers of health and related benefits offered through the workplace, including health care products and services, group life, accident and disability insurance. As of March 31, 2008, CIGNA Corp. and its subsidiaries had shareholders' equity of $4.8 billion. Full-year 2007 revenues totaled $17.6 billion. Web site: http://www.cigna.com.

SOURCE: CIGNA Corporation

CIGNA Corporation Ted Detrick, Investor
   Relations, +1-215-761-1414 Gloria Barone, Media Relations, +1-215-761-4758

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