by Associated Press Published: October 19,2010
Tags: UnitedHealth Group
INDIANAPOLIS — Insurer UnitedHealth Group Inc. said Tuesday its third-quarter profit jumped 23 percent, propelled in part by premium growth, enrollment gains and moderate health care use. The Minnetonka, Minn., managed care company also raised its 2010 profit expectation for the second time this year. It now expects earnings per share to range from $3.85 [...] [...]
by Associated Press Published: October 19,2010
Tags: Goldman Sachs
NEW YORK — Goldman Sachs Group Inc.’s earnings easily beat analysts’ forecasts again, but the bank saw a big slowdown in trading, its most profitable business. Net income after paying preferred dividends fell 43 percent from the year-ago period as revenue in the bank’s bond, currency and commodities trading division fell sharply. Goldman Sachs’ income [...] [...]
by Associated Press Published: October 19,2010
Tags: JetBlue Airways Corp.
NEW YORK – The former flight attendant whose famous New York City meltdown landed him in court is scheduled for another hearing and may avoid jail time. Steven Slater was scheduled for a hearing Tuesday. He’s charged with criminal mischief, reckless endangerment and trespassing. The incident occurred Aug. 9 aboard a JetBlue Airways Corp. flight [...] [...]
by Associated Press Published: October 18,2010
Tags: Citigroup, dow jones, stock market
NEW YORK – An upbeat start to a busy week of earnings pushed stocks higher Monday. Citigroup Inc.’s better-than-expected results drove financial stocks higher, putting an end to a recent slide. The Dow Jones industrial average rose 36 points in midday trading. Citigroup said fewer of its customers defaulted on loans, an encouraging sign that [...] [...]
by Associated Press Published: October 18,2010
Tags: Oil, stock market
NEW YORK – Oil prices on Monday bounced back above $82 a barrel, as stocks rose on encouraging earnings reports. Benchmark crude for November delivery rose $1.25 to $82.50 a barrel on the New York Mercantile Exchange. At the pump, gas prices leveled off at a national average of $2.832 for a gallon of regular, [...] [...]
by Associated Press Published: October 18,2010
Tags: Citigroup, foreclosures, real estate, stock market
NEW YORK – Citigroup Inc., one of the largest banks in the world, reported its third straight quarter of profit Monday in another sign that the American consumer is healing. The New York bank, which is still 12 percent owned by the government, earned $2.15 billion, or 7 cents per share, in the three months [...] [...]
by Amy McCullough Published: October 18,2010
Tags: California, exchange plans, health care reform, medical
State exchange plans must be approved by Jan. 1, 2013 Source: amednews.com WASHINGTON — California has become the first state to create a health insurance marketplace as envisioned under the national health reform law. “Every state is going to have to have some sort of legislative action on this,” said Kansas Insurance Commissioner Sandy Praeger, [...] [...]
by Associated Press Published: October 17,2010
Tags: charities, Salvation Army, United Way
WASHINGTON — A new ranking of the nation’s 400 biggest charities shows donations dropped by 11 percent overall last year as the Great Recession ended – the worst decline in 20 years since the Chronicle of Philanthropy began keeping a tally. The Philanthropy 400 report to be released Monday shows such familiar names as the [...] [...]
by Associated Press Published: October 15,2010
Tags: economy, Fed, Federal Reserve, Treasury
WASHINGTON – Federal Reserve Chairman Ben Bernanke is balancing a short-term fix for the economy with a long-term gamble: His plan to buy Treasury bonds to fight high unemployment and super-low inflation now could ignite inflation later. But Bernanke is signaling that doing nothing would pose the biggest risk of all. The Fed chief on [...] [...]
WASHINGTON – The Obama administration is set to report Friday that the federal budget deficit exceeded $1 trillion for the second straight year, providing critics of government spending with fresh ammunition ahead of the midterm congressional elections. The Congressional Budget Office is projecting that the deficit for the 2010 budget year that ended Sept. 30 [...] [...]
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