Ebix, Goldman Affiliate Call Off Merger
Insurance software provider Ebix and an affiliate of Goldman Sachs terminated their proposed merger amid an investigation into alleged misconduct at the insurance software provider.
Solera, Apple, Raptor, Collegium and Fiat are big market movers
Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Solera Holdings Inc., down $4.21 to $53.66 The insurance claims software company is being acquired by private equity firm Vista Equity Partners for about $3.74 billion.
Shallow depths belie hazards at increasingly popular waterparks; Red Cross aims to tackle risk
With their appealing slides and wave pools, splashing around at waterparks is an increasingly popular way to spend a summer day.
Novartis, Exelixis, Cloud Peak Energy, Conns, and Norwegian Cruise are big market movers
Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Novartis AG, up $3.43 to $93.47 The drug developer presented positive data for a potential heart-failure drug and will ask for approval by the end of the year.
Ann, Burger King, InterMune, Boeing and GrubHub are big market movers
Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Burger King Worldwide Inc., up $5.29 to $32.40 The burger chain is considering a tie-up with Canada's Tim Hortons in a maneuver that could lower its U.S. tax bill substantially.
Recalls this week include high chairs, cribs, bar stools, bicycles, and various electronics
High chairs that can potentially entrap a child and poses a strangulation hazard are among this week's recalled consumer products.
Obama administration proposes to ban health discrimination against transgender individuals
The Obama administration says it wants to end discrimination against transgender people throughout the health care system.
Mallinckrodt skids after cutting forecast for Acthar, the target of $5.6B acquisition in 2014
Shares of Mallinckrodt slid 12 percent Tuesday after the Irish drugmaker reported disappointing quarterly revenue and said growth in sales of its HP Acthar Gel, the target of a $5.6 billion acquisition last year, may be lower than it expected.
Aluminum-sided Ford F-150 gets mixed crash test results from insurance industry
Ford's aluminum-sided F-150 pickup saw mixed results in new crash tests.
Gilead Sciences 2Q profit jumps 23 pct., tops Street views, propelled by hepatitis C medicines
Blockbuster hepatitis C medicine Harvoni lifted Gilead Sciences' second-quarter profit by 23 percent as total revenue for the biotech drugmaker jumped 26 percent and it raised its 2015 sales forecast for the second time.
Glance: A snapshot of the new 'Big Three' of health insurance
Anthem Inc.'s $48 billion purchase of rival Cigna Corp. is set to create the nation's largest health insurance company.
UnitedHealth Group beats 2Q earnings and revenue expectations
UnitedHealth Group Inc. (UNH) on Thursday reported second-quarter net income of $1.59 billion.
Insurer Aetna to buy Humana in $37B deal to create 2nd-largest managed-care company
Health insurer Aetna Inc. has made a deal to buy competitor Humana Inc. in a $37 billion deal the companies say would create the second-largest managed care company.
Health insurance acquisition spree leaves heaps of uncertainty for consumers
More than a third of the U.S. population has health coverage through an insurer that either wants to make a huge acquisition or is about to be swallowed up in one.
Business Highlights
___ US probing possible airline collusion that kept fares high WASHINGTON (AP) — The U.S. government is investigating possible collusion among major airlines to limit available seats, which keeps airfares high, according to a document obtained by The Associated Press.
Health insurance stocks climb early, as merger talk centers on possible Anthem-Cigna combo
Major health insurers are trading higher before the opening bell Monday after Anthem went public with a bid to buy Cigna for about $47 billion and a report of another major acquisition surfaced.
Anthem stands by its $47-billion offer for Cigna despite rival insurer's rejection of the bid
Anthem says it still backs an approximately $47-billion bid to buy Cigna, a day after the rival health insurer delivered a caustic rejection of Anthem's proposed cash-and-stock offer.
Anthem proposes to buy Cigna for $184 per share
U.S. health insurer Anthem Inc. is making an offer to buy rival Cigna Corp. for $54 billion, including debt.
Another round of deal reports spurs jump for several health insurer stocks
The shares of some major health insurers are climbing on a down day for the broader market after The Wall Street Journal reported that the Blue Cross-Blue Shield carrier Anthem tried to buy Cigna.
Only 3 of 7 midsize SUVs perform well in insurance industry front crash tests for 2015 models
Only three of seven midsize SUVs from the 2015 model year performed well in front-end crash tests done by an insurance industry group.
