Stocks in the news: Google, Apple, Loews, Humana


The following post rounds up the companies making headlines today:

Apple (AAPL) today announced that Dr. Eric Schmidt, CEO of Google (GOOG), is resigning from Apple's Board of Directors, a position he has held since August 2006. Steve Jobs, Apple's CEO said in a statement that, "Unfortunately, as Google enters more of Apple's core businesses, with Android and now Chrome OS, Eric's effectiveness as an Apple Board member will be significantly diminished, since he will have to recuse himself from even larger portions of our meetings due to potential conflicts of interest." Shares of both companies rose about 1.2 percent in pre-market trading.

Loews (L) reported a lower-than-expected second-quarter profit of $341 million, or 78 cents a share, compared with analyst estimates of 98 cents a share. It was hurt mainly by higher investment losses.