Several insurers, including Molina Healthcare, which administer health plans for California's Medicaid program for the poor are asking states to step in and pay for Gilead Sciences Inc's Sovaldi, a drug that costs $84,000 per patient.» Read More
NEW YORK, Nov 22- The stereotype of American millennials is not pretty: Hanging out in basements, sponging off mom and dad, not making much money to speak of, and not really sure of what to do with it, when they do get it. The 28- year-old career coach from Philadelphia takes his retirement saving as seriously as a heart attack.
Newly leaked documents reveal China is about to relax its 1-child policy. Gordon Chang, author and Forbes.com columnist, and Ann Lee, New York University adjunct professor of economics and finance, discuss if a Chinese baby boom is in the making and what that means to their economy.
*Fed keeps missing on GDP forecasts. NEW YORK/ SAN FRANCISCO, Nov 13- Year after year Federal Reserve policymakers have clung to a belief that the U.S. economy will soon regain its pre-recession stride.
CHICAGO, Nov. 11- Vicki Thomas was at an age where many people look forward to retirement. Thomas signed on as director of communications for Purple Heart Homes, the non-profit that Beatty and Gallina started in their hometown of Statesville, North Carolina.
NEW YORK, Oct 30- When Campbell Soup Co was losing market share to private label brands and smaller competitors in recent years, it could have used another pop superstar like Andy Warhol to try to make its brand hip again, especially with 20- somethings. Investors have embraced the initiatives, pushing Campbell stock up more than 30 percent in the last two years.
NEW YORK, Oct 25- The other day my 13- year-old, Jake, said, "Let's dress Katie up as a bat for Halloween." Perhaps it's inevitable now that Halloween is big business. The National Retail Federation estimates that Americans will spend $6.9 billion on Halloween this year.
Oct 16- Advance Auto Parts Inc will buy 1,418 outlets of the Carquest chain to boost its auto repair operations to complement its car parts business, sending its shares up as much as 20 percent to a record high.
NEW YORK, Oct 9- Statisticians have noted a rise in "gray divorces" lately. Spouses who stayed together through decades of sickness, health, richness, poorness, child rearing and parental health troubles are breaking up, just as they are supposed to be entering their own happy golden years.
CHICAGO, Sept 30- One of the most difficult terms to understand in long-term investing nowadays is "new normal." Coined by PIMCO Chief Executive Mohamed El-Erian, it means the "world of muted growth" that followed the 2008 meltdown. And although stock returns have been strong this year, down the road, the "new normal" will largely be driven by demographic forces.
It was grim, "said Cheryl Honeyman, a widow living in Brookings, Oregon, who locked into a reverse mortgage this month.
The weak economy has caused more young adults to move back in with their parents, and some of those kids are bringing their own children with them.
The biggest factor in the change stems from the U.S. Supreme Court verdict last year allowing each state to decide whether to expand the public Medicaid program for the poor under President Barack Obama's healthcare reform law.
Sept 18- General Mills Inc reported higher-than-expected quarterly sales on Wednesday, helped by growing demand for its yogurt and the addition of new international businesses. Net sales rose 8 percent to $4.37 billion in the first quarter ended on Aug. 25. Net sales outside the United States rose 22 percent to $1.32 billion.
The annual Forbes 400 wealthiest Americans list showed that total wealth climbed 19 percent in the last year to $2.02 trillion, up from $1.7 trillion, with an average net worth per individual of $5 billion, up from$ 4.2 billion in 2012. It now takes $1.3 billion in assets just to get on the list.
If your golden years seem threatened because of financial setbacks, don't panic. Here are 10 tips from retirement experts on your next steps.
Jerry Webman, Chief Economist & Senior Investment Officer at Oppenheimer Funds, says a demographic wave is hitting the U.S. economy, which will help the household sector.
A new report finds that seniors who are African-American, Hispanic, female or 80 and older are more likely to face economic woes than other older Americans.
Helping baby boomers navigate the future is becoming a big business, but now, there's a freebie: LifeReimagined.org from AARP.
The world's biggest investors are seeking more stable cash income at home, as aging societies and tighter regulation dull risk appetite.
A survey by TD Ameritrade is the latest in a raft of bad news about the prospects of the generation about to retire.