WebMD Cuts Loss Estimate

WebMD Corp. said its fourth-quarter loss would be narrower than expected due to a quicker implementation of its restructuring effort. The company is now anticipating a loss in the range of $50 million to $55 million for the quarter ended Dec. 31, rather than the previous forecast of $60 million to $65 million, Chief Executive Martin Wygod said. In the last two weeks, WebMD has restructured pacts with Rupert Murdoch’s News Corp. and chemical giant DuPont Co. as it tries to pare away unprofitable business ventures. WebMD shares closed up 72 cents at $8.34 on Nasdaq.