CVS Caremark disclosed more multibillion-dollar contract losses in its pharmacy benefits management business and said the head of the unit will depart.

CEO Tom Ryan said CVS, which also runs the nation's second-biggest drug store chain, won't reach its goals in 2010 because of the sharp reversal of fortunes at the Caremark unit, which administers drug benefits for employers.

CVS shares plunged 20 percent and took their biggest one-day loss in eight years.

In total, the company lost about $2 billion in 2010 revenue in the last three months and believes it has lost $4.8 billion in contracts for next year.

FANNIE MAE: The mortgage-finance company under federal control said it will seek $15 billion in U.S. Treasury aid and sell $2.6 billion in unused tax credits after posting its ninth straight quarterly loss.

A third-quarter net loss of $18.9 billion pushed Fannie Mae to request its fourth draw on a $200 billion government lifeline.

The Washington-based company said it reached an agreement to sell the low-income housing tax credits to avoid impairments when the credits expire.

TOYOTA MOTORS: The company reported a surprise profit. For the July-September quarter the world's largest car company posted better-than-expected net income of 21.8 billion yen ($242 million) after three straight losing quarters, defying some expectations of another loss.

WENDY'S/ARBY'S GROUP: Fewer customers gulped down its sandwiches in the third quarter.

But the year-old combination of Wendy's and Arby's helped boost profit and revenue from a year ago when the fast-food company was two separate entities.

Wendy's and its cheaper menu fared better than its higher-priced sibling. Sales in Arby's restaurants open at least a year fell 9 percent. They were flat at Wendy's.

For the three months that ended Sept. 27, Wendy's/Arby's earned $14.7 million, or 3 cents per share. That included a 3 cents per share charge related to last year's merger. Revenue was $903.2 million.

CROCS: The seller of ventilated rubber shoes said it moved to a profit in the third quarter as it recorded a big one-time gain from taxes and sales inched up. The shoe seller, based in Niwot, Colo., said in the quarter that ended Sept. 30, the company earned $22.1 million, or 25 cents per share.

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