After the close today, Coventry Health Care slashed its Q2 and full-year earnings guidance due to increasing cost pressures. Coventry’s stock was halted after hours before starting again. Meanwhile, other healthcare stocks are trading sharply lower in after hours trading following the news.
Stocks closed lower again on Wednesday. For a time, the Dow traded below the 12,000 mark for the first time since mid-March. What's the "Word on the Street?"
Enthusiasm for the Federal Reserve's actions to stem the credit crunch propelled the Dow Jones Industrial Average to a higher close Monday, a day when everyone expected a rout due to weekend fire sale of Bear Stearns.
The Dow Jones Industrial Average pared its losses Monday as the sell-off spurred by the fire sale of Bear Stearns wasn't as bad as expected.
Stocks plunged at the opening bell Monday as investors were spooked by the cash crisis at Bear Stearns that forced its sale for $2 a share to JP Morgan Chase.
H&R Block up 5 percent as Wilbur Ross has agreed to acquire Option One's Servicing Business for $1.1 Billion from H&R Block. He is not buying the mortgages, merely the right to service them. Another HMO lowers its outlook. Coventry lowered its 2008 forecast, citing the impact of flu on costs.
What's the prescription for fast money as the ailing healthcare industry seeks the antidote to a miserable case of stock decline?
Health insurer Humana slashed its first-quarter earnings forecast by nearly half Wednesday based on new projections for its Medicare plans for the elderly that provide prescription drug coverage.
A profit warning from WellPoint suggests that U.S. health insurers may not be a safe bet for investors to put their money in a troubled economy.
HCA and Kinder Morgan. Just a couple of recent management led buyouts. But with that list growing--the issues of whether a ceo or management team is acting in the best interests of shareholders has become more pressing. In fact--it's prompting one shareholder with some unique insights to speak out exclusively to CNBC.