Anthem’s medical spending rises on higher Obamacare costs
Anthem Inc. shares fell Wednesday after the Indianapolis-based insurer said it expects to lose money on Affordable Care Act plans this year. The company had been planning to break even.
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Anthem tells judge Cigna deal will help health insurance market
Anthem Inc. told a federal court that its proposed $48 billion merger with rival health insurer Cigna Corp. will lower consumer costs and extend coverage to more people, in response to a U.S. lawsuit seeking to block the deal.
Analysts expect Anthem-Cigna deal to unravel after Fed lawsuit
Cigna doesn’t appear like it’s ready to put up a fight to keep alive its $48 billion deal with Anthem, analysts say. But Aetna and Humana seem poised to put up more of a battle over their proposed merger.
Anxiety-free electric car journeys goal of $4.5B U.S. loan program
The Obama administration plans to spend as much as $4.5 billion to build electric-car charging stations, creating a network stretching coast-to-coast to potentially improve consumer acceptance of the lower-polluting vehicles.
Back-to-school retail spending predicted to rise 11 percent
Families are more confident about the economy and ready to stock up on supplies, according to a survey from the National Retail Federation.
Comcast to offer ‘pay as you go’ TV, internet service in Indiana
With the change, Comcast could attract new subscribers at a time when growth in the pay-TV business has slowed.
Pence speech aimed at GOP unity overshadowed by Cruz
Vice presidential nominee Mike Pence was chosen by Donald Trump to unify conservatives behind the Republican ticket only to see his well-received speech overshadowed by Ted Cruz getting booed off the convention stage for his refusal to endorse the nominee.
Dow-DuPont shareholders approve $59 billion merger
Shareholders of Dow Chemical Co. and DuPont Co. approved the companies’ historic merger Wednesday morning. Dow is the parent of Indianapolis-based Dow AgroSciences, which has about 1,500 area employees.
U.S. preparing lawsuits against Anthem, Aetna deals, sources say
U.S. antitrust officials are poised to file lawsuits to block Anthem Inc.’s takeover of rival health-insurer Cigna Corp. and Aetna Inc.’s deal to buy Humana Inc., according to a person familiar with the matter.
Dow-DuPont could be on hook for Teflon liabilities, groups say
DuPont Co. and Dow Chemical Co. should tell shareholders before Wednesday’s merger vote that the combined company may face hundreds of millions of dollars in health care claims related to a chemical used to make Teflon, activists say.
Top U.S. health official emphasizes need for insurer competition
The Obama administration’s top health official is promoting the importance of competition to insurance markets, as the Justice Department is poised to decide on the massive Anthem-Cigna and Aetna-Humana merger proposals.
Trump VP pick raises legal questions for some Wall Street donors
Since Mike Pence is the sitting Indiana governor, his selection may also raise complex legal questions for some Donald Trump supporters who've managed money for the state, including the private-equity execs Wilbur Ross, Stephen Feinberg, and Tom Barrack.
Trump adds a connected fundraiser to his ticket by picking Pence
In picking Mike Pence as his running mate, Republican Donald Trump has added a seasoned fundraiser who could bring fresh energy and new donors to a finance operation lagging far behind that of his Democratic rival, Hillary Clinton.
More malls turning to unconventional tenants to fill vacancies
Most U.S. malls are still dependent on department stores to draw customers, but with consumers doing more shopping online, retail centers are increasingly relying on restaurants, entertainment amenities and even medical facilities to attract traffic.
Next president should attack drug prices, Obama says in medical journal
President Barack Obama has written a game plan on health care for the next president, including a crackdown on prescription drug prices that may cut pharmaceutical manufacturers’ profits if adopted.
S&P 500 rises to all-time high on growth optimism
U.S. stocks climbed Monday, pushing the benchmark Standard & Poor's 500 Index to an all-time high, extending a rally from Friday.
Colleges brace for investment losses as scrutiny over tuition mounts
Schools are reducing annual payouts from their endowments as they brace for investment losses. With less money to spend on financial aid, faculty and other costs, colleges may have to search for other revenue.
VW’s diesel emission scandal could mean business for Cummins
Volkswagen AG’s diesel emission scandal might be one of the best things to happen to American air quality. It also could mean new business for one of the state’s largest manufacturers.
Anthem-Cigna meltdown might spark deals for smaller health plans
A breakup of Anthem Inc.’s $48 billion bid for Cigna Corp., under scrutiny by U.S. antitrust regulators, could spark new deals for smaller health plans in a continued wave of industry consolidation.
Anthem reportedly faces regulator skepticism that Cigna deal can work
The U.S. Justice Department has told Anthem Inc. that the insurer’s planned takeover of Cigna Corp. threatens competition and probably can’t be fixed by selling parts of their businesses, according to a person familiar with the matter.