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Cigna Agrees To Buy HealthSpring For $3.8 Billion

NEW YORK, Oct. 24 (UPI) — U.S. insurance company Cigna Corp. said it agreed to buy HealthSpring Inc. of Nashville for $3.8 billion. HealthSpring’s strength is in the Medicare Advantage program in which Medicare is provided through private firms rather than the government, The Wall Street Journal said. The firm has 340,000 Medicare Advantage members […]

States Owe Feds For Unemployment Relief

MILWAUKEE, Oct. 24 (UPI) — Twenty-seven states owe the government more than $33 billion that was borrowed to pay unemployment benefits in recent years, data shows. At the top of the list, California owes $8.6 billion. Alabama, at the bottom of the list, owes $23 million, the Milwaukee Journal Sentinel reported Monday. Behind California, Michigan […]

Federal Loan Refinancing Program Revised

WASHINGTON, Oct. 24 (UPI) — Federal regulators in Washington Monday announced changes to the Housing Affordable Refinance Program that previously met with limited success. Edward DeMarco, acting director of the Federal Housing Finance Agency, which oversees the Federal Home Loan Mortgage Corp., known as Freddie Mac, and the Federal National Mortgage Association, known as Fannie […]

Olympus Says It Is Unaware Of Probe

TOKYO, Oct. 24 (UPI) — A spokesman for Olympus said the Japanese camera and medical equipment company was unaware the FBI was investigating its 2008 purchase of Gyrus Group. Olympus is well known as a producer of digital cameras, but the bulk of its revenues comes from its more obscure medical equipment business, The New […]

Panasonic To Cut Back Television Business

TOKYO, Oct. 21 (UPI) — Officials at Panasonic Corp. in Japan said several thousand workers would be let go as it scales back on its faltering television business. Sources told Japanese newspaper Yomiuri Shimbun the company cited appreciation of the yen as one of the reasons its television business is not doing well. Panasonic has […]

Second Summit On Eurozone Planned

PARIS, Oct. 21 (UPI) — European leaders said a second summit on the eurozone crisis will be next week as France and Germany disagree on key issues to resolve the currency’s problems. A joint statement by French and German ministers Thursday said all aspects of the planned “global and ambitious response” to the eurozone crisis […]

Walmart Reduces Its Healthcare Plans

BENTONVILLE, Ark., Oct. 21 (UPI) — Walmart, the world’s largest retailer and the largest U.S. employer, said it is drastically reducing its healthcare benefit plan. The changes affect new workers, both part time and full time, The New York Times reported Friday. New workers putting in an average of 24 hours per week or less […]

Canadian Cost Of Living Up 3.2 Percent

OTTAWA, Oct. 21 (UPI) — The cost of living in Canada rose 3.2 percent on an annual basis in September, fueled by higher prices for gasoline and food, Statistics Canada said Friday. The inflation news comes on the heels of a 3.1 percent annual gain in the Consumer Price Index reported in August and showed […]

French Banks Diagnosed With Denial

PARIS, Oct. 21 (UPI) — French bankers ignored signs of troubles that could have made the current economic crisis in Europe easier to handle, an economics professor in Paris said. “French banks failed to learn lessons from the 2007, 2008 crisis and became complacent,” Professor Jezabel Couppey-Soubeyran at the Pantheon-Sorbonne University told The Wall Street […]

Leading Indicators Muted, Showing Risks

NEW YORK, Oct. 20 (UPI) — The U.S. index of leading economic indicators rose 0.2 percent in September, but still point to a weak economy, the Conference Board said Thursday. The Leading Economic Index, which has risen for the past four months, climbed in September to 116.4. However, Conference Board economist Ataman Ozyildirim said, “September […]


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