The healthcare secular theme isn't new, but is still very much in force.» Read More
NEW YORK, June 20- U.S. health insurer Anthem Inc said on Saturday it had offered $46 billion in cash and stock for smaller rival Cigna Corp but that a deal was being held up in part over what role Cigna CEO David Cordani would have in a merged company. Anthem, the second largest health insurer in the United States, said that it had made four offers for Cigna in June,...
U.S. stocks closed modestly higher as investors sought insight on the timing of a rate hike from the Federal Reserve statement and Yellen's remarks.
*Fed statement at 2 p.m. ET; Yellen conference at 2:30 p.m.. *Apple weighs on Nasdaq, S&P; UnitedHealth biggest drag on Dow. The Fed statement will be followed by Chair Janet Yellen's news conference half an hour later.
Some think it is unlikely that a round of consolidation in the health insurance industry will push prices higher for consumers.
*Dollar firm as Fed awaited, euro slips on Greece. NEW YORK, June 16- The euro fell on Tuesday as it appeared more likely that debt-stricken Greece would default or have to leave the single currency, while the U.S. dollar rose at the start of a two-day meeting by the Federal Reserve. Stocks mostly rose on the day, with shares in both Europe and the United States rebounding...
U.S. stocks closed higher as the Fed began its two-day meeting and investors attempted to shake off worries about the Greece debt talks.
*World financial markets fall as Greece nears default. *UnitedHealth biggest boost to Dow and S&P. *Coty jumps after buying three businesses from P&G.
*World financial markets fall as Greece nears default. *Coty jumps after buying three businesses from P&G. "Investors are not expecting a whole lot from the Fed meeting," said Scott Brown, chief economist at Raymond James in St. Petersburg, Florida.
*United Tech falls as it looks to exit helicopter business. June 15- Stocks fell on Wall Street on Monday as investors fretted over the consequences of a possible debt default by Greece, but talk of multi-billion dollar healthcare deals buoyed shares in the sector, cutting into the market's loss. After Sunday's breakdown of the cash-for-reform talks between...
U.S. stocks closed lower as investors remained anxious over stalled Greece debt talks and the upcoming two-day Federal Reserve meeting.
*Greece talks suffer setback after IMF quits. June 12- U.S. stocks fell in lackluster trading and trimmed their gains for the week, pressured by a setback in Greece's debt talks and increased possibility of a September rate hike. Greece said it would not cross its "red lines" as it looked to intensify political negotiations for an agreement, saying the International...
NEW YORK, June 12- Investors are betting that the healthcare sector's strong run will not be held back for long even if the U.S. Supreme Court rules against the Affordable Care Act. "Option activity over the last few weeks in hospital stocks suggests that the options market is betting on a post- Supreme Court decision rally," said Anshul Agarwal, equity derivative...
U.S. stocks closed slightly higher, extending the prior day's rebound, as negative news out of Greece counterbalanced a good retail sales report.
Two divergent U.S. core inflation readings could be related to the price of medical care. CNBC explores.
A major Texas health insurer is feeling "blue" from some steep losses and now wants sharply higher prices for Obamacare plans next year.
U.S. stocks closed about 1 percent lower as investors eyed renewed strength in the dollar and data that could strengthen the case for a rate hike.
BOSTON, May 26- Fidelity's Joel Tillinghast, one of the mutual fund industry's best stockpickers over the past 20 years, said financial markets are "colossally artificial" and cited ride-sharing upstart Uber and negative yielding government bonds as examples. "I think it's colossally artificial, but I don't see it ending," said Tillinghast, who runs the $46...
U.S. stocks closed lower on Friday as investors eyed inflation data and Fed Chair Yellen's speech ahead of the long weekend.
Jim Cramer considers this group to be the single best out there, and it's ready to pull off some big deals.
U.S. stocks traded in a narrow range on Thursday as investors eyed slightly lower bond yields and mostly shook off the morning's mixed economic data.