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Careers Employee Benefits

  • WASHINGTON, May 24- An estimated 23 million people would lose health coverage by 2026 under Republican legislation aimed at repealing Obamacare, a nonpartisan congressional agency said on Wednesday in the first calculation of the new bill's potential impact. The report from the Congressional Budget Office also said federal deficits would fall by $119...

  • NEW YORK, May 18- Robo-adviser Betterment, in a push to try to get more big companies to sign on to its 401 plan, beefed up the board of advisers of its retirement product on Friday by adding two leaders in the movement for cutting investment costs for companies and employees. Labor Department retirement policy expert Judy Mares and former BlackRock consultant...

  • NEW YORK, May 18- Robo-adviser Betterment, in a push to try to get more big companies to sign on to its 401 plan, beefed up the board of advisers of its retirement product on Friday by adding two leaders in the movement for cutting investment costs for companies and employees. Labor Department retirement policy expert Judy Mares and former BlackRock consultant...

  • BEVERLY HILLS, May 1- Wells Fargo& Co Chief Executive Officer Tim Sloan said recruiting and retention have improved dramatically in the wake of a sales scandal, as the third-largest U.S. bank has made big changes to how it pays and evaluates employees in its branches. Scrambling to contain the fallout, Wells Fargo stopped paying branch workers based on how many...

  • CHICAGO, April 27- Good things come to those who wait, the old saying goes. And more Americans are getting the message when it comes to claiming Social Security benefits. The number of near-retirement workers planning to take Social Security benefits as soon as possible has fallen sharply, according to a new survey by Fidelity Investments.

  • EPS guidance raised to $4.50- $4.90. The St. Louis, Missouri- based company, which bought rival Health Net for $6.30 billion last year, said it had 12.15 million members as of March. 31, an increase of 5 percent from a year earlier. Centene, which primarily focuses on government-backed health insurance plans, reported a net profit of $139 million, or 79 cents per share,...

  • Centene, which primarily focuses on government-backed health insurance plans, reported a net profit of $139 million, or 79 cents per share, for the first quarter ended March 31, compared with a loss of $16 million, or 13 cents per share, a year earlier. St. Louis, Missouri- based Centene bought rival Health Net for $6.30 billion last year. Centene also raised its...

  • LIMA, April 19- Workers at mining company Southern Copper in Peru completed their tenth day of an indefinite strike on Wednesday, though the company said it had not significantly impacted output. A Southern Copper representative said the strike had not "significantly" affected production as the company was operating at 92 percent capacity on average in Peru...

  • LIMA, April 19- Workers at miner Southern Copper in Peru completed their tenth day of an indefinite strike on Wednesday, though the company said it had not significantly impacted output. A Southern Copper representative said the strike had not "significantly" affected production as the company was operating at 96 percent capacity on average in Peru and had...

  • NEW YORK, April 11- Health benefits broker Zenefits was fined $1.2 million with New York's financial services regulator on Tuesday for letting unlicensed employees solicit, negotiate and sell insurance policies, the latest regulatory blow for the software startup. "DFS takes very seriously any unlicensed activity in the New York insurance market,"...

  • Google's pay gap problem

    Kara Swisher, Recode executive editor, and Walter Isaacson, Aspen Institute president & CEO, discuss the news that Google may be underpaying female employees.

  • LIMA, March 30- Workers at Peru's biggest copper mine, Freeport-McMoRan Inc's Cerro Verde, will resume work on Friday after voting to end a nearly three-week strike that had halved output, the union said on Thursday. The union accepted the company's offer to improve family healthcare benefits and pay workers their portion of the mine's profits earlier than...

  • LIMA, March 30- Workers at Peru's biggest copper mine, Freeport-McMoRan Inc's Cerro Verde, will resume work on Friday after voting to end a nearly three-week strike that had halved output, the union said on Thursday. The union accepted the company's offer to improve family healthcare benefits and pay workers their portion of the mine's profits earlier than...

  • LIMA, March 20- A strike at Peru's top copper mine, Cerro Verde, is set to end by government order on Thursday, but workers said the stoppage would start right back up on Friday if no deal over their demands is reached with management. Union Secretary General Zenon Mujica said that 11 days of striking had not resolved the dispute. Cerro Verde is controlled by...

  • *Deal worth $4.3 billion, including debt. March 17- Private equity firm KKR& Co LP and Canadian pension fund Caisse de dépôt et placement du Québec announced plans on Friday to buy USI Insurance Services from Onex Corp for $4.3 billion, including debt. "It's a sector we like," Caisse Chief Investment Officer Roland Lescure said in an interview.

  • March 17- Private equity firm KKR and Canadian pension fund Caisse de dépôt et placement du Québec agreed to buy USI Insurance Services from Onex Corp in a $4.3 billion deal, including debt. Valhalla, New York- based USI had net debt of about $1.82 billion as of Dec. 31 and generated earnings before interest, taxes, depreciation and amortization of $353 million in...

  • March 17- Private equity firm KKR and Canadian pension fund Caisse de dépôt et placement du Québec agreed to buy USI Insurance Services from Onex Corp in a $4.3 billion deal, including debt. The Valhalla, New York- based company had net debt of about $1.82 billion as of Dec. 31 and generated earnings before interest, taxes, depreciation and amortization of $353...

  • March 17- Private equity firm KKR and Canadian pension fund Caisse de dépôt et placement du Québec agreed to buy USI Insurance Services from Onex Corp in a deal valuing the insurance brokerage at $4.3 billion.

  • In a letter to House of Representatives Speaker Paul Ryan, Mnuchin said that Treasury would no longer be able to fully invest in three retirement and investment funds for federal workers. They are the Civil Service Retirement and Disability Fund, the Postal Service Retiree Health Benefits Fund, and the Government Securities Investment Fund of the Federal...

  • Treasury Secretary Steven Mnuchin on Thursday announced further cash management measures to avoid a U.S. default. In a letter to House Speaker Paul Ryan, Mnuchin said that Treasury would no longer be able to fully invest in three retirement and investment funds for federal workers. They are are the Civil Service Retirement and Disability Fund, the Postal...