NEW YORK, Dec 18 (Reuters) – General Electric Co
expects profit from aviation, healthcare and other industrial
units to rise at least 10 percent next year, the conglomerate
said on Wednesday, adding it plans aggressive investments in
manufacturing while shrinking its finance arm.
GE has been seeking to reduce its dependence on earnings
from the volatile financial sector and return to its industrial
manufacturing roots with 3-D printers and products such as
sensors for oil pumps and jet engines that collect a plethora of
key data for operators.
(Reuters) – Insurance companies are struggling with a new request by the Obama administration to make sure people receive medical benefits under healthcare reform come January 1, even if they miss a sign-up deadline set for next Monday.
The government has sought to reassure consumers, already frustrated by technical problems that stalled access to its HealthCare.gov enrollment website in October and November, that those who need coverage starting on New Year’s Day will be able to sign up.
(Reuters) – United Technologies Corp (UTX.N: Quote, Profile, Research, Stock Buzz), the world’s largest maker of elevators and air conditioners, on Thursday projected earnings to rise 7 percent to 11 percent next year, barely meeting analysts’ targets, and gave a revenue view that fell short of Wall Street expectations.
The diversified U.S. manufacturer, which also makes Pratt & Whitney jet engines and Black Hawk helicopters, is being weighed down by its defense business, while sales are expected to be strong next year for its Otis elevators branch.
NEW YORK, Dec 12 (Reuters) – As a deadline approaches for
people to sign up for medical insurance under President Barack
Obama’s healthcare law, some insurers and state-run online
marketplaces are giving shoppers an extra week to pay their
The shift to early January from the end of December provides
a short grace period for insurers and shoppers to work through
any errors in the new policies caused by technology problems
dogging enrollment since it opened on Oct. 1.
By David Morgan and Lewis Krauskopf
(Reuters) – A surge of visitors clogged the U.S. government’s revamped healthcare insurance shopping website on Monday, signaling that President Barack Obama’s administration has a way to go in fixing the portal that showcases his signature domestic policy.
Facing its first big test since officials proclaimed over the weekend that they had met their deadline to make HealthCare.gov run smoothly for the “vast majority” of users, the site performed markedly better than it did during its disastrous launch two months ago – but was still short of the crisply running insurance marketplace Obama once touted.
(Reuters) – President Barack Obama and his HealthCare.gov website face another critical test this week, as Americans who have been unable to enroll for health insurance coverage rush to a site that continues to face challenges.
While the administration said it met its weekend deadline for making the website operate smoothly for most users, it must prove HealthCare.gov can handle a surge of enrollment as non-profit groups begin efforts to reach consumers before a December 23 deadline for coverage that begins January 1.
(Reuters) – Two months after the disastrous launch of a key component of President Barack Obama’s healthcare law, administration officials on Sunday said they had achieved their goal of getting HealthCare.gov operating smoothly but warned the website will need more fixes.
Obama’s specially appointed adviser Jeffrey Zients said a five-week emergency “tech surge” had doubled the capacity of the online health insurance portal while making it more responsive and less prone to errors.
Nov 28 (Reuters) – President Barack Obama’s healthcare law
is facing its biggest test this weekend since its disastrous
Oct. 1 launch, as Americans find out whether the administration
has met a self-imposed deadline to fix its insurance shopping
Another major outage of glitch-ridden HealthCare.gov could
spell more political trouble for the president, who was forced
to apologize for the botched rollout and admit burdening
Democratic Party allies in their bids for re-election to
Congress in 2014.
By Lewis Krauskopf and Svea Herbst-Bayliss
(Reuters) – Tobias Meyer, Sotheby’s (BID.N: Quote, Profile, Research, Stock Buzz) chief auctioneer, is leaving the auction house, the company said on Friday, just a week after Sotheby’s recorded the highest sale in its history.
The departure of Meyer, the worldwide head of contemporary art, comes as Sotheby’s is being pressured by activist investors including Daniel Loeb to improve its business strategies and earn more money for shareholders.
(Reuters) – California’s new health exchange will not allow canceled policies to extend past the end of the year, defying President Barack Obama’s effort to repair his pledge that people can keep their current plans.
The announcement on Thursday by the most populous U.S. state, an early supporter of Obama’s Affordable Care Act, marked the latest state to reject the president’s fix, which he announced last week after taking political fire for not keeping his promise to allow people to keep their plans if they like them.