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Humana Awarded Contracts Worth $700 M in Puerto Rico (HUM)
Tuesday, August 31, 2010 - 3:06pm | 89Humana Inc. (NYSE: HUM) announced today that it has been awarded three contracts with the Puerto Rico Health Insurance Administration to administer medical benefits to approximately 500,000 Medicaid beneficiaries in Puerto Rico. This expands the company’s current Medicaid membership in Puerto Rico...
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Wall Street Hates Obama
Tuesday, August 31, 2010 - 10:29am | 496Wall Street Democrats are turning on President Barack Obama, especially those that helped him the most. In a column on his blog in the NY Times, Andrew Ross Sorkin writes that hedge fund manager Daniel S. Loeb had written a note to investors damning Washington for its "bash Wall Street tactics",...
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Zacks #1 Rank Additions for Tuesday - Tale of the Tape
Tuesday, August 31, 2010 - 7:33am | 310Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Bank of Kentucky Financial Corp (BKYF) Magellan Health Services, Inc (MGLN) OmniVision Technologies, Inc (OVTI) Pier 1 Imports, Inc (PIR) Portfolio Recovery Associates, Inc (PRAA) View the entire Zacks #1 Rank List. ...
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Company News for August 27, 2010 - Corporate Summary
Friday, August 27, 2010 - 6:33pm | 631• Toyota (NYSE: TM) announce recalls of over 1 million Corolla and Corolla Max vehicles due to engine problems • H-P (NYSE: HPQ) sweetened its 3Par (NYSE: PAR) bid, which was followed this morning with Dell's (NASDAQ: DELL) matching the $27 per share bid • Tiffany (NYSE: TIF) posted second-quarter...
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Aetna Completes $750 Million Bond Offering (AET)
Friday, August 27, 2010 - 11:25am | 52Aetna (NYSE: AET) today announced that it has completed a public offering of $750 million of its 3.95 percent Senior Notes due in 2020. Aetna intends to use the net proceeds from the offering for general corporate purposes, including the repayment of its short-term or long-term debt.
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Board of Directors Member at Health Net Passes Away
Thursday, August 26, 2010 - 8:59am | 124Health Net (NYSE: HNT) announced with great sadness today the death of Thomas T. Farley on August 23, 2010. Farley was a member of the company’s board of directors and served on the Audit, Finance and Governance Committees. Farley was a senior partner in the law firm of Petersen & Fonda, P.C....
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Late Summer Squeeze 08-25-2010
Wednesday, August 25, 2010 - 7:06pm | 799Cusick’s Corner The market did something this afternoon that it has been unable to do in the last three sessions, finish strong to the upside. Another positive about this close -- the shorts succumbed to an upside squeeze. There is some new concern in Japan, EWJ -- the Yen, FXY, has been on a...
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Aetna Issues $750M in Notes - Analyst Blog
Wednesday, August 25, 2010 - 6:46pm | 491Aetna Inc. (AET), one of leading U.S. health care providers, yesterday announced the offering of 10-year notes amounting to $750 million. The size of the issue was originally $500 million. The proceeds from the issue will be used to retire commercial paper and for general corporate purpose. Aetna...
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Bond Markets React to Potential Fed QE Program
Wednesday, August 25, 2010 - 2:59pm | 887Cusick’s Corner The economic data continues to disappoint – the Durable Goods number dampened growth forecasts for the upcoming months, coming in well below estimates. The shorts are right at this stage and they are getting more and more confirmation from the overall market data. This is very...
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Top Performing Industries For August 25 (SVM, HS, BBW, CVCO)
Wednesday, August 25, 2010 - 12:16pm | 207At 11:59 am, the Dow lost 0.15% to 10,025.62, the broader Standard & Poor's 500 index moved down 0.30% to 1,048.72 and the NASDAQ composite index gained 0.03% to 2,124.33. The industries that are supporting the market today are: Silver: This industry jumped 3.39% by 11:59 am. The top stock...
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BCBS-NC Files For Rate Increases
Wednesday, August 25, 2010 - 10:40am | 344Deutsche Bank has issued an industry alert report on the Managed Care sector rate filings published by Blue Cross Blue Shield of North Carolina (BCBS-NC). This report was submitted by BCBS-NC to the NC Department of Insurance for plan effective January 1, 2011, when some of the initial health care...
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Expect Volatility if Home Sales on Low End 08-23-2010
Monday, August 23, 2010 - 7:08pm | 814Cusick’s Corner The market pulled back into the After Hours on no news or specific economic catalyst. Existing home sales come out tomorrow -- expectations are in a wide range from 3.9 to 5.3 million units (Bloomberg). While the market looks ready to accept the potential for sub-4 million in a...
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Calls Purchased on WellCare Health Plans (WCG)
Monday, August 23, 2010 - 1:35pm | 180Shares of WellCare Health Plans, Inc. (NYSE: WCG) are lower on the session by 0.48%, currently trading at $25.03. The stock has been moving largely lower over the past six months and is trading below the 50-day moving average. Options traders are betting that the stock regains the 50-day quite...
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Unconfirmed rumor that (WCG)could be possible takeover Target in mid 30S possible buyer is (AET)
Monday, August 23, 2010 - 10:16am | 47Unconfirmed rumor that (NYSE: WCG) could be possible takeover Target in mid 30S possible buyer is (NYSE: AET).. (WCG), (AET) could not be reached for comment..
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A.M. Best Assigns WellPoint Ratings - Analyst Blog
Friday, August 20, 2010 - 10:40am | 498A.M. Best Co. assigned its debt rating to the senior unsecured notes due 2020 and 2040, which were recently issued by WellPoint Inc. (WLP), keeping the outlook "stable". The existing ratings of WellPoint and its subsidiaries were unchanged. WellPoint completed the sale of its $1 billion senior...