Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
One Medical, the venture-backed primary care group with 60 clinics nationwide, has tapped an executive from health insurance giant UnitedHealth Group to be its new CEO.
Amir Rubin, an executive vice president in UnitedHealth's Optum division, was named to the top post on Tuesday. Tom X. Lee, who founded One Medical and ran the company for a decade, will stay on as executive chairman.
Rubin said he intends to spend his first few months building out the business by opening new clinics and signing up more corporate customers. One Medical sells memberships to individuals as well as to companies that offer its primary care service as a benefit.
"We have seen a tremendous (revenue) growth in our corporate relationships," Rubin said in an interview.
Individual members pay an annual fee of $149 to $199 and get access to same-day appointments that they can book online or with the mobile app. Corporate rates vary based on the number of employees and the extent of their benefits.
Rubin, who was previously CEO of Stanford Health Care, expects the enterprise business to become a bigger part of One Medical's overall revenue. One way the company is attracting large employers is by opening small clinics on corporate campuses, similar to a model used by start-ups like Crossover Health.
One Medical has raised more than $180 million in financing from investors including Benchmark and Alphabet's GV. In addition to online scheduling, the company offers a virtual medical team, a suite of mobile apps and has built its own electronic medical system.
Rubin has no immediate plans to raise further rounds of financing even with the company's "ambitions for continued growth."
Rubin didn't rule out future acquisitions of digital health start-ups. In 2016, the company bought Rise, a nutrition coaching app, to bolster its digital medicine offerings. Rubin also said he "doesn't anticipate" a sale to a major health system, despite a clear trend in the market toward consolidation.
The company declined to share its valuation, though it's reportedly worth at least $1 billion.
Correction: This article originally missatated Rubin's title at UnitedHealth. He was an executive vice president at its Optum division.