Caroline's Feed
Nov 7, 2012

Hospital shares jump, insurers fall after Obama win

By Caroline Humer

(Reuters) – Shares of hospitals and other healthcare companies that will benefit from President Barack Obama’s health reform legislation jumped on Wednesday after his election victory, but health insurers fell as the law’s costs became more certain.

Obama’s re-election has taken a Republican vow to repeal the health care reform off the table, though some industry executives said on Wednesday that some aspects of the law still may be changed or delayed.

Nov 6, 2012

Express Scripts blames economy, Street unsure

By Caroline Humer

(Reuters) – Express Scripts Holding Co (ESRX.O: Quote, Profile, Research, Stock Buzz) on Tuesday said its business of managing pharmacy benefits for large employers will come under pressure next year in the weak economy, but investors questioned whether the company’s own strategy was on track.

Shares of Express Scripts, which became the largest U.S. pharmacy benefits manager after buying rival Medco Health Solutions earlier this year, fell 11 percent, a day after the company warned that Wall Street’s 2013 forecasts were too aggressive.

Nov 6, 2012

Express Scripts puts blame on economy; Street unsure

By Caroline Humer

(Reuters) – Express Scripts Holding Co (ESRX.O: Quote, Profile, Research, Stock Buzz) on Tuesday said its business of managing pharmacy benefits for large employers will come under pressure next year due to a weak economy, but investors questioned whether the company’s own strategy was on track.

Shares of Express Scripts, which became the largest U.S. pharmacy benefits manager after buying rival Medco Health Solutions earlier this year, fell 13 percent, a day after the company warned that Wall Street’s 2013 forecasts were too aggressive.

Nov 5, 2012

Humana sees improved 2012, plans $500 mln acquisition

Nov 5 (Reuters) – U.S. health insurer Humana Inc
said on Monday it expects 2012 to be better than it expected
because it had costs under control. It also announced plans for
a $500 million healthcare acquisition, the latest move in its
expansion of its government insurance business.

Humana beat profit expectations even as its earnings fell.
Its profits largely recovered from last quarter when a surge in
membership created a surprise increase in payments for claims
and its earnings fell short.

Nov 1, 2012

Cigna ups profit outlook again as HealthSpring pays off

Nov 1 (Reuters) – Health insurer Cigna Corp raised
its earnings outlook for the year as its recent purchase of
specialized Medicare provider HealthSpring again helped the
bottom line more than expected, enabling it to beat analyst
forecasts for quarterly profits.

The nation’s fifth-largest insurer more than doubled its
quarterly profit as premiums and fees at its healthcare segment
jumped 51 percent, driven by contributions from HealthSpring,
which Cigna acquired for $3.8 billion earlier this year as well
as growth in its commercial business.

Oct 29, 2012

U.S. stock markets closed on Monday as storm hobbles New York

NEW YORK (Reuters) – U.S. stock and options markets will be closed on Monday, and possibly Tuesday, as regulators, exchanges and brokers worried about the integrity of markets in the face of Hurricane Sandy.

Market participants and regulators decided to shut the market because the storm will make it difficult to ensure the safety of employees, major exchanges said.

Oct 29, 2012

Wall Street to open Monday as storm hobbles New York

NEW YORK, Oct 28 (Reuters) – Wall Street firms prepared to
open for business on Monday at least with skeletal staffing,
booking hotel rooms for key employees and leaning on offices in
other cities, as Hurricane Sandy forced the New York mass
transit system to shut down, leaving tens of thousands of
employees stuck at home.

For now, executives, traders and bankers are expecting a
light trading day on Monday – and with the storm still a day
away from hitting the city, questions remained about whether
markets would be able to open on Tuesday.

Oct 29, 2012

Evacuations, shutdowns on East Coast before storm

NEW YORK (Reuters) – Tens of millions of East Coast residents scrambled on Sunday to prepare for Hurricane Sandy, which could make landfall as the largest storm to hit the United States, bringing battering winds, flooding and even heavy snow.

The massive storm, which has already killed 66 people in the Caribbean, was headed toward a densely populated region that includes Washington, New York and Boston and its effects could be felt for hundreds of miles, officials warned.

Oct 28, 2012

Gigantic Hurricane Sandy bears down East Coast

NEW YORK CITY (Reuters) – Tens of millions of people along the U.S. East Coast girded themselves on Sunday for Hurricane Sandy, a gigantic storm forecast to assault the densely populated region with battering winds, dangerous flooding and even heavy snowfall.

Sandy, expected to come ashore late on Monday, could deliver a harsh blow to major cities in its target zone including New York, Philadelphia, Washington, Baltimore and Boston. Its center was forecast to strike New York-New Jersey area and then move inland toward Philadelphia and the rest of Pennsylvania.

Oct 28, 2012

Gigantic Hurricane Sandy bears down on U.S. East Coast

NEW YORK CITY, Oct 28 (Reuters) – Tens of millions of people
along the U.S. East Coast girded themselves on Sunday for
Hurricane Sandy, a gigantic storm forecast to assault the
densely populated region with battering winds, dangerous
flooding and even heavy snowfall.

Sandy, expected to come ashore late on Monday, could deliver
a harsh blow to major cities in its target zone including New
York, Philadelphia, Washington, Baltimore and Boston. Its center
was forecast to strike New York-New Jersey area and then move
inland toward Philadelphia and the rest of Pennsylvania.