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Microsoft opens its first flagship retail store

Microsoft Inc. is all set to open its first flagship brick-and-mortar retail store in New York City’s famed Fifth Avenue, just a few blocks away from Apple’s Fifth Avenue Store.


Walmart bribery probe finds no major misconduct in Mexico

The Department of Justice has almost finished its bribery probe into Walmart’s Mexican unit and has found no solid grounds in the way of major offenses, and is likely to result in a much smaller case than investigators first expected the Wall Street Journal reports.


Scott Walker approves public funding for Milwaukee Bucks Arena

Wisconsin Governor Scott Walker, who is running for president, signed into legislation on Wednesday, finalizing his controversial plan to spend $250 million of taxpayers’ money to help build a new arena for the Milwaukee basketball team.


Aetna sets to acquire Humana for $37 billion in cash and stock

Aetna sets to acquire HumanaIn a BIG move to expand its territories for much broader health-care coverage, Aetna Inc. agreed to acquire smaller rival Humana Inc. for a whopping $37 billion in cash and stock. The Louisville-based private Medical Insurance provider has been on the cross hairs of some of the biggest health insurance companies for quite some time now, including its potential competitors Aetna Inc. and Anthem Inc. Humana is reportedly valued at over $27 billion and its stronghold in the government’s Medicare business makes it a hot commodity. Aetna’s approach marks the largest ever merger deal in the insurance industry that would add up to a combined revenue of approximately $115 billion in 2015, with majority of the revenue coming from government-sponsored programs such as Medicare and Medicaid.

In a statement, Aetna said it would pay about $230 a share for Humana, based on Aetna’s last closing price. The price represents a premium of 23 percent from Humana’s July closing. In May, WSJ reported that Humana was exploring a sale, when the shares of the company jumped by 18 percent to $210, whereas Aetna witnessed a 2.6 percent rise to $119.45. This $37 billion acquisition, following weeks of frenzied merger talks among the biggest health insurance companies, if completed would send Aetna on the path towards the top of the already booming Medicare business and put it on a scale three times its original size. Both the companies will hold a public conference call to discuss further details about the transaction on Monday.

Aetna and Cigna Corp. were among the top contenders for the takeover, considering Humana’s large share in the government’s Medicare business. Cigna and Anthem have resumed talks after Cigna earlier rejected a $47 billion acquisition offer from its rival Anthem, arguing the terms of the bid are inadequate and “woefully skewed in favor of Anthem shareholders.” UnitedHealth Group also approached Aetna earlier, regarding a takeover deal that could be valued at over $40 billion. Meanwhile, Medicaid insurer Centene Corp. has agreed to buy Los Angeles-based Health Net Inc. for $6.8 billion in a cash-and-stock deal that would increase its presence in California and other western states.

Medicare business is growing as more Americans reach the eligibility age for the health programs. And the deal comes just in time as the U.S. healthcare industry looks to consolidate and Aetna gets a bigger slice of the growing Medicare market. Humana still owns a major presence in Louisville, with around 3.2 million active Medicare Advantage members throughout the country. Humana recorded revenue of $48.5 billion in 2014 against the Aetna’s $58 billion. The deal, which is expected to close in the second half of 2016, would put the merged company at the forefront of the healthcare industry, ahead of the current leader UnitedHealth Group which holds a market cap over $115 billion. However, it is expected that the deal will face some hurdles considering it’s already facing scrutiny from antitrust regulators.

What Strategy Apple will Follow to Dispose its Cash Pile?

Apple to Dispose its Cash Pile

It is less than three quarters after Apple declared its first dividend but most of the investors are still screaming on the company to return some ‘rational’ value to shareholders. The technology giant is rolling in cash and geared up to transfer some significant benefit to its shareholders. But the big question is which option it will choose to do so. Company claims that it has been in continuous discussions on paying back the superfluous cash to shareholders after Greenlight Capital, one of the influential shareholders of Apple sued the company.

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