Correspondent, U.S. health team leader
Lewis's Feed
Oct 22, 2013

Cost cuts help United Tech’s forecast as revenue lags

By Lewis Krauskopf

(Reuters) – United Technologies Corp (UTX.N: Quote, Profile, Research, Stock Buzz), the world’s largest maker of elevators and air conditioners, raised the low end of its 2013 profit forecast on Tuesday, as cost savings from job cuts helped offset weakness in its defense business.

The diversified manufacturer, which also produces Pratt & Whitney jet engines and Black Hawk helicopters, cut its projection for full-year revenue to roughly $63 billion from $64 billion as third-quarter sales fell short of analysts’ targets.

Oct 22, 2013

United Tech raises low end of profit outlook, cuts revenue view

Oct 22 (Reuters) – United Technologies Corp, the
world’s largest maker of elevators and air conditions, raised
the low end of its 2013 profit forecast on Tuesday, as cost
savings from job cuts and improving sales trends offset weakness
in its defense business.

The diversified manufacturer, which also produces Pratt &
Whitney jet engines and Black Hawk helicopters, cut its
projection for full-year revenue to roughly $63 billion from $64
billion as third-quarter sales fell short of analysts’ targets.

Oct 18, 2013

GE posts strong third quarter order backlog, profit margins; shares rise

By Lewis Krauskopf and Ernest Scheyder

(Reuters) – General Electric Co (GE.N: Quote, Profile, Research) on Friday posted a record backlog of orders that the company said positioned it well for 2014, lifting shares and overshadowing a decline in quarterly profit and revenue.

Chairman and Chief Executive Jeff Immelt sounded an optimistic tone to end a week of economic uncertainty over the debt ceiling debate in Washington, saying the conglomerate’s results were “very strong in an improving global business environment.”

Oct 18, 2013

GE posts strong Q3 backlog, profit margins; shares jump

By Lewis Krauskopf and Ernest Scheyder

(Reuters) – General Electric Co (GE.N: Quote, Profile, Research, Stock Buzz) on Friday posted a record backlog of orders that the company said positioned it well for 2014, lifting shares and overshadowing a decline in quarterly profit and revenue.

Chairman and Chief Executive Jeff Immelt sounded an optimistic tone to end a week of economic uncertainty during the debt ceiling debate in Washington, saying the conglomerate’s results were “very strong in an improving global business environment.”

Oct 18, 2013

GE posts strong third-quarter backlog, profit margins; shares jump

By Lewis Krauskopf and Ernest Scheyder

(Reuters) – General Electric Co (GE.N: Quote, Profile, Research) on Friday posted a record backlog of orders that the company said positioned it well for 2014, lifting shares and overshadowing a decline in quarterly profit and revenue.

Chairman and Chief Executive Jeff Immelt sounded an optimistic tone to end a week of economic uncertainty during the debt ceiling debate in Washington, saying the conglomerate’s results were “very strong in an improving global business environment.”

Oct 14, 2013

Obamacare website shows improvement, new problems emerge

By David Morgan and Lewis Krauskopf

(Reuters) – The U.S. administration has made headway against an online traffic bottleneck that jammed enrollment for President Barack Obama’s healthcare reform, but new technical problems greeted users on Monday showing how difficult it will be to get consumers registered in time for coverage to start January 1.

Three weeks since the launch of new health insurance plans under Obamacare, users were able to create accounts for themselves and begin the enrollment process through the Healthcare.gov insurance marketplace for consumers in 36 states, according to people aiding the sign-up effort.

Oct 8, 2013

State Obamacare markets attract tens of thousands of customers

By Lewis Krauskopf and Deena Beasley

(Reuters) – Tens of thousands of uninsured people have begun to sign up for health coverage through online Obamacare private insurance marketplaces in California and New York, officials said on Tuesday, while problems still plagued the federal online system.

California and New York are two of the biggest markets for signing up millions of uninsured Americans under President Barack Obama’s healthcare law. State officials said the data they provided on Tuesday was an early indicator of strong demand for new insurance plans that will take effect in 2014.

Oct 7, 2013

Problems at main Obamacare website are being fixed: White House

By Lewis Krauskopf

(Reuters) – The Obama administration said on Monday it was fixing software and capacity problems at the main website designed to enroll millions of Americans into new health plans.

The HealthCare.gov website has been beset by glitches since October 1, the first day people were allowed to enroll in the new coverage provided by the Affordable Care Act, commonly known as Obamacare.

Oct 3, 2013

With Obamacare systems still slow, backlog of the uninsured builds

WASHINGTON/NEW YORK, Oct 3 (Reuters) – Access to new online
health insurance exchanges remained limited on Thursday for
millions of Americans seeking information on Obamacare benefits,
creating a backlog of the uninsured seeking coverage.

Local health clinics, nonprofit community groups and others
have stepped forward to assist would-be beneficiaries in person.
They saw an unexpected influx of phone calls and walk-in visits
from uninsured people who couldn’t access their state’s online
marketplace due to heavy traffic and technical problems.

Oct 2, 2013

U.S. government scrambles to provide access to Obamacare sites

By David Morgan and Lewis Krauskopf

(Reuters) – The U.S. government on Wednesday scrambled to add computer capacity to handle an unexpectedly large number of Americans logging onto new online insurance marketplaces created under Present Barack Obama’s healthcare reform law.

Technical glitches and heavy traffic slowed Tuesday’s launch of the marketplaces, particularly for the federal Healthcare.gov website serving 36 states.

    • About Lewis

      "I help coordinate coverage of healthcare companies for Reuters in the United States. I also cover health insurers, pharmacy benefit managers, generic drugmakers and pharmaceutical companies."
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