Posted at 22:42h
in
News
by KMFSLLP
Molina Healthcare Inc would buy
Magellan Complete Care, Magellan Health Inc's unit
that provides managed-care health plans, for about $820 million,
the healthcare insurer said https://reut.rs/2KNshrl on Thursday.
...
Posted at 22:32h
in
News
by KMFSLLP
Visa Inc on Thursday decided to
pull its full-year outlook on rising unemployment numbers and
more people conserving cash during the COVID-19 pandemic even
while posting a second-quarter profit that rose 4%.
...
Posted at 22:25h
in
News
by KMFSLLP
Australian shares were set to tumble on
Friday, tracking a broad sell-off on Wall Street overnight amid
profit-taking and as dismal U.S. unemployment data again
highlighted the economic pain from the coronavirus pandemic.
The local share price index futures ...
Posted at 22:22h
in
News
by KMFSLLP
The Federal Reserve's balance sheet
increased to a record $6.70 trillion this week, but the pace of
expansion slowed dramatically as key credit markets have calmed
since a firestorm of volatility sparked by the coronavirus
pandemic drove the central bank to take emergency measures last
month.
...
Posted at 21:56h
in
News
by KMFSLLP
Exxon Mobil Corp is using the
coronavirus to increase its leverage in labor and real estate
negotiations by alternately doomsaying and dismissing the
pandemic's consequences, labor sources and lawyers dealing with
the company said.
Posted at 21:53h
in
News
by KMFSLLP
The Bank of Canada has not
forgotten about financial vulnerabilities as it responds to the
coronavirus pandemic and low oil prices, Governor Stephen Poloz
said on Thursday, noting the central bank's balance sheet had
tripled.
Posted at 21:37h
in
News
by KMFSLLP
The Federal Reserve expanded access to
a small business lending program beyond banks on Thursday,
allowing a broader set of institutions to participate.
...
Posted at 21:34h
in
News
by KMFSLLP
The Federal Reserve expanded access to
a small business lending program beyond banks on Thursday,
allowing a broader set of institutions to participate.
...
Posted at 21:02h
in
News
by KMFSLLP
Bonds of hard-hit oil and gas
companies such as Occidental Petroleum, Antero Resources
, WPX Energy, HighPoint Resources and
Western Midstream Partners rose in price on Thursday
after the Federal Reserve announced it would expand its Main
Street Lending Facility to larger and riskier companies affected
by the coronavirus pandemic.
Posted at 20:58h
in
News
by KMFSLLP
The two largest
U.S. banks, JPMorgan Chase & Co and Bank of America
, said on Thursday that they submitted almost half a
million applications worth nearly $46 billion to the Small
Business Administration's Paycheck Protection Program for small
businesses hurt by the coronavirus shutdown.