Hedge fund billionaire John Paulson's firm took a stake in the bank, while cutting holdings in Bank of America and its interest in Goldman Sachs, according to a regulatory filing on Friday.
NEW YORK (Reuters) - Hedge fund billionaire John Paulson's firm took a stake in Citigroup <C.N>, while cutting holdings in Bank of America <BAC.N> and its interest in Goldman Sachs <GS.N>, according to a regulatory filing on Friday.
Health insurer Humana Monday projected lower profit next year as it sees profit margin pressure on its Medicare business for the elderly and weaker enrollment in its commercial plans serving employers.
Stock futures pointed to a modest rebound ahead of the open Monday after the Dow and the S&P 500 experienced their biggest one-day percentage drops Friday since July 2.
Monday, 21 Sep 2009 | Source: The Associated Press
The government is investigating a major insurance company for allegedly trying to scare seniors with a mailer warning they could lose important benefits under health care reform.
Tuesday, 25 Aug 2009 | Source: The Associated Press
Costs for employer-provided health plans are expected to rise more than 10 percent within the next year, a jump workers may feel in their paychecks or through changes to their insurance coverage.
Stocks rallied to their highest closes since November Monday following encouraging economic reports from the U.S. and abroad and following news that auto sales got a boost from the "Cash for Clunkers" program.
Stocks rallied Monday after a pair of encouraging reports on the manufacturing sector, plus strong bank earnings out of Europe and expectations for strong auto sales. The S&P briefly topped 1,000, a level it hasn't seen since November.
Stocks got a quick pop at the open Monday after some strong bank earnings out of Europe and expectations that auto sales will show a boost from the "Cash for Clunkers" program. But the rally quickly fizzled.
Stock index futures indicated a strong opening for Wall Street Monday, helped by European markets that hit a broader-index high for the year on better-than-expected bank earnings.
Worries over health care reform have caused the sector to be underowned, but there are still opportunities for investors looking to take advantage of the low prices, said Charles Boorady of Citigroup and Arthur Henderson of Jeffries & Co... Read More