Health care stocks reached their highest level since April 25, led by Aetna.
How everyone will deal with the effects of Obamacare in 2013.
--WellPoint's acquisition of Amerigroup will likely close by year-end 2012.. --We are keeping our' BB+' counterparty credit rating on Amerigroup on CreditWatch Positive. Rating Action On Oct. 9, 2012, Standard& Poor's Ratings Services said that its' BB+' long-term counterparty credit rating on Amerigroup Corp..
Oct 4- Proxy advisory firms Institutional Shareholder Services Inc and Glass Lewis& Co on Thursday recommended that Amerigroup Corp stockholders approve the $92- per-share cash offer from larger healthcare company WellPoint Inc. The shareholder vote on the $4.5 billion deal will be held Oct. 23, Amerigroup said in a statement.
Oct 4- Proxy advisory firms Institutional Shareholder Services Inc and Glass Lewis& Co on Thursday recommended that Amerigroup Corp stock owners approve the $92 per share cash offer by larger healthcare company WellPoint Inc. In July, WellPoint announced the deal to buy Amerigroup as part of a bet on an expansion of the U.S. government's health plan for the poor.
Oct 2- Amerigroup Corp said it has delayed a stockholder approval vote on the $4.5 billion sale of the health insurer to WellPoint Inc by two weeks after shareholders sued Amerigroup's board. Amerigroup has now scheduled the vote for Oct. 23, it said in a regulatory filing.
Fitch expects proceeds from the issuance to be combined with existing holding company cash and used for general corporate purposes, including funding a portion of WellPoint's acquisition of Amerigroup Corporation, continuation of the company's share repurchase program and the repayment of existing debt.
Oct 2- Standard& Poor's Ratings Services said today that it has assigned its unsolicited' A-' senior unsecured debt rating to WellPoint Inc.' s.
Another tough Monday for the markets but Alcoa starts earnings season on a positive note; USDA reports the drought is getting worse; Denny’s is heading to China and the 2012 Kentucky Derby winner is heading to Japan.
Stocks eased off their worst levels Monday but still closed in negative territory as investors remained jittery ahead of the earnings season and amid renewed global growth concerns.
The Morgan Stanley Healthcare Payors Index is having its best day in three and a half years.
Health-care reform will create $580 billion in potential new Medicaid revenue opportunities in the next five years, Wayne Deveydt, CFO at health insurer WellPoint, told CNBC.
U.S. stock index futures declined Monday, extending their losses following a sharp selloff in the previous session on the heels of a disappointing jobs report and ahead of Alcoa's earnings after the bell.
Take a look at some of Monday’s morning movers:
The "Squawk on the Street" news crew reports Wellpoint will acquire Amerigroup for $92 a share in a cash deal.
Stocks finished slightly lower Thursday but staged an impressive comeback in the last half-hour of trading following reports that Germany's Angela Merkel has canceled the EU summit's press conference tonight, giving hope to traders that the European leaders are working to form a solution to tackle the ongoing debt crisis.
Take a look at some of Thursday's midday movers:
The Supreme Court upheld President Obama's health care overhaul, including the controversial requirement that most Americans have health insurance.
No matter how the Supreme Court rules, these health care stocks win.
Stocks accelerated their selloff in the final minutes of trading to close down more than 1 percent across the board Monday, as initial euphoria over Spain's bank bailout fizzled and amid ongoing fears over a global economic slowdown.