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WellPoint Appoints Lori Beer as Executive Vice President
Friday, October 8, 2010 - 1:08pm | 66WellPoint, Inc. (NYSE: WLP) today announced the appointment of Lori Beer as executive vice president of the newly formed Enterprise Business Services (EBS) organization. EBS is an integrated team that brings together five core business support functions -- Service Operations, Operational...
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Outperform Reiterated For HUM, QLGC
Friday, October 8, 2010 - 10:43am | 42Wedbush has reiterated its Outperform rating on the following companies: Humana (NYSE: HUM) price target raised from $53 to $58 QLogic (NASDAQ: QLGC) price target lowered from $25 to $22
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Aetna Signs Three-Year Contract Extension
Friday, October 8, 2010 - 10:29am | 105Aetna (NYSE: AET) announced today that it has signed a three-year contract extension with Grand View Hospital, assuring continued in-network access for its members in the Philadelphia area. Under this new agreement, which took effect Oct. 1, Aetna members will be able to continue receiving covered...
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Humana Gets Contract Extension From DoD
Friday, October 8, 2010 - 9:29am | 119After the close, Humana (NYSE: HUM) announced that it received notice from the DoD on its intent to negotiate a 1-year extension for the TRICARE South region. With the extension, HUM noted that it will no longer incur the exit/transition costs built into its 2010 guidance, though notably our...
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Goldman Buying Calls on Cigna Ahead of Key Catalysts (CI)
Wednesday, October 6, 2010 - 9:46am | 132Goldman Sachs is out with a research report this morning, where it suggests buying calls on Cigna Corp. (NYSE: CI) ahead of some key catalysts. The analyst is bullish on managed care names in general; Cigna itself is Conviction Buy rated. The analysts cited several catalysts: 1. HHS ruling on final...
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Health Net Federal Services Re-Awarded Services Contracts
Wednesday, October 6, 2010 - 8:31am | 83Health Net Federal Services, LLC, part of the Government Contracts segment of Health Net, Inc. (NYSE: HNT) today announced it was re-awarded three Patient Appointing Services bridge contracts, continuing its Patient Appointing Services work in Fort Irwin and Puget Sound through March 31, 2011, and...
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CVS Analyst Day This Friday, 10/8
Tuesday, October 5, 2010 - 8:34am | 175JP Morgan has published a research report for CVS Caremark Corporation (NYSE: CVS) in anticipation of the company's Analyst Day this Friday, October 8. In the report, JP Morgan writes "We don't believe the Walgreen Company (NYSE: WAG) dispute materially impacted the selling season, and that the...
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Market Potentially at a Turning Point 10-01-2010
Friday, October 1, 2010 - 6:40pm | 798Cusick's Corner This market is potentially at a turning point. I think that resistance looks ready to mount up some momentum in front of this busy week. At this stage the market has not been able to advance with the conviction that it had been showing off since the August lows. If you are still...
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Market Keeps Chugging Along 10-01-2010
Friday, October 1, 2010 - 3:20pm | 938Cusick's Corner Some readers have told me that I have been posting the same three sentences in the Corner over the past 5 sessions. (Thanks for the insight Dad, and you are right.) The market in general has been defying the odds, just keeps chugging along. What was interesting yesterday was the...
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CIGNA Names Chief Diversity Officer
Friday, October 1, 2010 - 10:02am | 50CIGNA (NYSE: CI) today announced the appointment of Rosanna M. Durruthy as chief diversity officer. In this newly created position, Durruthy will be responsible for CIGNA's diversity strategy and will report to Executive Vice President and Chief Human Resources Officer John Murabito.
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UnitedHealthcare Announces 2011 Plans
Friday, October 1, 2010 - 9:50am | 146UnitedHealthcare, a UnitedHealth Group (NYSE: UNH) company, today announced its 2011 Medicare product portfolio, which includes a comprehensive range of health and prescription drug plans that help seniors and other Medicare beneficiaries manage their health-care costs. In 2011, UnitedHealthcare...
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Wal-Mart and Humana Team Up For Low-Cost Drug Plan (WMT, HUM)
Friday, October 1, 2010 - 9:28am | 162Wal-Mart Stores Inc. (NYSE: WMT) and Humana Inc. (NYSE: HUM) announced today that the two companies have teamed up to offer the lowest-cost prescription drug plan in the United States. The companies are looking to further steal away sales for rivals. According to William Fleming, a Humana vice-...
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The Principal Financial Group to Exit Medical Insurance Business (PFG, UNH)
Thursday, September 30, 2010 - 9:09am | 85Principal Financial Group, Inc. (NYSE: PFG) today announced the company will exit the medical insurance business (insured and self-insured) and has entered into an agreement with UnitedHealthcare, a UnitedHealth Group Company (NYSE: UNH), to renew medical insurance coverage for customers of The...
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McDonald's May Scrap Health Insurance For 30,000 Workers
Thursday, September 30, 2010 - 1:19am | 197McDonald's (NYSE: MCD), the Dow component and the largest fast-food chain in the world, said it may cancel its health insurance plan for 30,000 hourly U.S. employees unless regulators waive a new requirement of the U.S. health overhaul, according to the Wall Street Journal. Trade groups are...
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Stellaris Health Network and UnitedHealthcare Announce Multi-Year Agreement
Wednesday, September 29, 2010 - 3:46pm | 96Stellaris Health Network and UnitedHealthcare (NYSE: UNH) have renewed their network relationship with a multi-year agreement that will continue to provide UnitedHealthcare's commercial, Medicare and Medicaid plan participants, and UnitedHealthcare's Oxford health plan customers access to care at...