WellPoint competitor Aetna to buy Coventry for $5.6B
Aetna joins rivals WellPoint Inc. and Cigna Corp. in making big acquisitions as the U.S. government expands medical coverage.
Bloomberg News
Articles
History points to worse-than-expected year for crops
U.S. corn farmers, who've been hurt by the worst drought in a generation, are likely to harvest smaller crops than the government forecast this month, based an analysis of dry spells in the past 42 years.
WellPoint least popular insurer in poll of hospital execs
WellPoint Inc., the health insurer that’s lost 19 percent of its market value over two months, is the least popular carrier among hospital executives who have to negotiate with them, an industry survey shows.
Angie’s List shares plunge to record low after lockup ends
Shares in Indianapolis-based Angie’s List Inc., the consumer-review website company, plunged to a record low after a ban was lifted on stock sales by some of the company’s biggest investors.
WellPoint CEO faces ire of investors who say she must go
WellPoint Inc.’s Angela Braly is facing tough questions about her performance after the Indianapolis-based health insurer reported disappointing earnings last month and cut its 2012 forecast. Investors say Braly is the problem and some are calling for her ouster.
Allison Transmission sets rate on $500 million loan
Allison Transmission Inc., the locally based maker of transmissions for trucks, buses and the military, set the interest rate it will pay on a $500 million term loan the company is seeking to refinance debt.
National, state foreclosure starts on the rise
The number of homes that received an initial notice of default — the first step in the foreclosure process — increased 6 percent in July compared to the same month last year. Foreclosure starts rose 83 percent in Indiana.
Simon Property directors sued over CEO’s pay
The board of the largest U.S. shopping-mall owner wrongfully authorized a compensation package for CEO David Simon that included $120 million in special stock awards, a Louisiana pension fund claimed in the lawsuit filed Wednesday.
Indiana farmer puts purchases on hold as drought breeds doubt
A combination of little rain and record heat has roasted corn crops, dried up ponds and streams and caused farmers to postpone purchases of everything from grain bins to smartphones.
Emmis to delay shareholder vote until judge rules
Emmis Communications Corp. told a U.S. judge it will delay a scheduled Aug. 14 shareholder vote that could wipe out $34 million in unpaid preferred stockholder dividends until after she rules on a bid to block the balloting.
Democratic report blasts for-profit colleges; ITT stock sinks
For-profit colleges put revenues above education, and charge students high tuition and loan rates that could leave them in debt for years, a Senate Democratic report said Monday. Stock in for-profit colleges tumbled after the report.
Groups ask for ethanol law break as corn hits record
Livestock and poultry producers formally asked the Obama administration Monday to suspend the nation’s renewable fuels standard because it is causing “severe economic harm” as corn prices surged to a record.
Health insurers’ anti-fraud bid seeks to ease profit-limit rule
The Obama administration Thursday announced a partnership with the industry in which WellPoint Inc., UnitedHealth Group Inc. and other insurers may try to share more billing data with the government to root out fraud.
CEO Braly gets WellPoint board backing after cutting forecast
WellPoint Inc.’s board, reacting to criticism after the health insurer cut its profit forecast on Wednesday, said the management team led by CEO Angela Braly has its full support.
Profit stagnates at French firm with Simon Property ties
Klepierre SA, the Paris-based shopping-center landlord that’s 27-percent owned by Simon Property Group Inc., said first-half profit was little changed as disposals curbed rental income growth.
WellPoint shares sink after profit misses analyst estimates
WellPoint Inc. stock fell more than 12 percent Wednesday after the insurer’s quarterly earnings missed analyst estimates and it trimmed its full-year forecast.
Lilly’s quarterly profit falls, but tops analyst expectations
Eli Lilly and Co. reported second-quarter profit that fell less than analysts had expected. The company raised its outlook for the rest of the year.
Potential Alzheimer’s drug fails first of four key trials
Bapineuzumab is in a race with a similar product from Indianapolis-based Eli Lilly and Co. to become the first therapy to target a cause for Alzheimer’s, rather than just its symptoms.
NCAA hammers Penn State with major sanctions
The NCAA on Monday morning slammed Penn State with an unprecedented series of penalties, including a $60 million fine and the loss of all coach Joe Paterno's victories from 1998-2011, in the wake of the Jerry Sandusky child sex abuse scandal.
Ex-Progress CEO says Duke tried to nix merger amid tensions
Bill Johnson, the man who was CEO of Duke Energy Corp. for eight hours after its $17.8 billion takeover of Progress Energy Inc., began testifying Thursday to the North Carolina Utilities Commission.