2 July, 2015 by The TZ Newswire Staff Comments Off on Aetna nears deal to buy Humana for about $34 billion: sources
Aetna nears deal to buy Humana for about $34 billion: sources
One person said Aetna’s offer would value Humana at about $230 per share and that a deal could be announced as early as Friday. The offer, if it goes through, would make it the largest deal in the insurance industry, dwarfing Anthem Inc’s (ANTM.N) acquisition of WellPoint in 2004 for $16.6 billion. A $230 per share offer would be at a premium of nearly 23 percent to Humana’s close on the New York Stock Exchange on Thursday.
2 July, 2015 by The TZ Newswire Staff Comments Off on Asian stocks slip as China rout intensifies, dollar weak
Asian stocks slip as China rout intensifies, dollar weak
Asian stocks fell on Friday as China’s stocks plunged and growing caution before Greece’s weekend referendum prompted investors to cut risky bets, while disappointing U.S. employment data weighed on the dollar. The rout in China’s stock markets has wiped out trillions of dollars of market capitalization in Shanghai and Shenzhen’s stock markets. MSCI’s broadest index of Asia-Pacific shares outside Japan fell more than 1 percent in early trading while Japan’s Nikkei stock index (.N225) slipped 0.4 percent, positioning it to shed more than 1 percent for the week.
2 July, 2015 by The TZ Newswire Staff Comments Off on BP reaches $18.7 billion settlement over deadly 2010 spill
BP reaches $18.7 billion settlement over deadly 2010 spill
BP Plc will pay up to $18.7 billion in penalties to the U.S. government and five states to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago in the largest corporate settlement in U.S. history. Under the agreement with the U.S. Department of Justice and the states, BP will pay at least $12.8 billion for Clean Water Act fines and natural resource damages, plus $4.9 billion to states. The preliminary settlement, subject to all sorts of variables, avoids a substantial amount of further litigation.
2 July, 2015 by The TZ Newswire Staff Comments Off on China points finger at ‘manipulators’, as stock market slides
China points finger at ‘manipulators’, as stock market slides
Chinese stocks fell again on Friday, as the securities regulator said it was investigating suspected market manipulation amid increasingly desperate attempts by Beijing to head off a full-blown crash. A flurry of policy moves over the past week, including an interest rate cut and a relaxation of margin lending rules, have failed to arrest the sell-off, which has started to spill over into some commodities markets such as iron ore and steel.
2 July, 2015 by The TZ Newswire Staff Comments Off on Why Is the American Dream Dead In The South?
Why Is the American Dream Dead In The South?
Authored by Matthew O’Brien, originally posted at The Atlantic,
The top 1 percent aren’t killing the American Dream. Something else is—if you live in the wrong place.
2 July, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Airlines’ new normal: more seats, fewer flights
The Wall Street Journal: Airlines’ new normal: more seats, fewer flights
U.S. airlines are expanding at a relatively rapid clip.
2 July, 2015 by The TZ Newswire Staff Comments Off on Chinese Government "Losing Control": Stocks Are Collapsing, Hitting New Bear Market Lows
Chinese Government "Losing Control": Stocks Are Collapsing, Hitting New Bear Market Lows
As one local reporter put it, despite being told not to say anything negative, “the government appeared to have lost its ability to manage the market.” Chinese stocks are down 4-5% at the open, pressing new cycle lows with Shenzhen and CHINEXT now down 25% from last week.