Blue Cross premium hikes in Texas, Oklahoma could mean Illinois sticker shock
Illinois residents who buy Blue Cross and Blue Shield health care coverage through the state insurance exchange may be in for Obamacare sticker shock, if proposed rate hikes by the largest insurers in Texas and Oklahoma are any indication.Texas and Oklahoma are possible harbingers of Blue Cross' prices on the Illinois exchange because all three health plans are owned by the same company, Chicago-based Health Care Service Corp. Blue Cross is the most popular insurer on the Illinois exchange. In ..>> view originalCEO Tony Fadell To Depart From Alphabet's Nest -- WSJ
Shutterstock photo By Jack Nicas Tony Fadell stepped down as chief executive of Alphabet Inc.'s home-automation unit Nest, the latest hiccup at the Google parent's businesses outside its core internet search and advertising. Mr. Fadell's departure follows reports that he was losing support of some Nest employees and struggling with new financial constraints from Alphabet. He said on Nest's website Friday that the transition to a new Nest CEO has been in the works since late 2015..>> view originalCrude futures settle lower as US oil-rig count climbs, jobs skid
Oil futures on Friday settled at their lowest level in more than a week as an increase in the number of active U.S. oil rigs implied higher crude output and weak U.S. employment data raised concerns over the outlook for energy demand. Oil traders had already been showing disappointment after major crude producers failed to set a cap on output at a key meeting in Vienna on Thursday. Prices managed to get a brief boost early Friday as the U.S. dollar plunged on the back of much weaker-than-expec..>> view originalMcDonald's offers buyouts as cost cutting continues
Justin Sullivan/Getty Images McDonald’s Corp. continues to restructure its operations in a bid to trim $500 million in spending, and the result is affecting its corporate headquarters and other offices. The Oak Brook, Ill.-based burger giant is reportedly offering buyouts to directors and vice-president level staff at its corporate headquarters, according to Crain’s Chicago Business, which cited two people who received such offers. The offers came as the company planned to lay off 70 workers at ..>> view originalWalmart Plays Up its Embrace of Tech to Shareholders
Walmart wmt has grown to be the largest U.S. retailer, with $300 billion in annual sales, by offering bargain basement prices on a huge assortment of products and dotting the country with its big-box stores. But now the 54-year-old discount chain is trying to prove it can renew its playbook, showing off things like its use of drones and mobile payment apps at parent company Wal-Mart Stores’ annual shareholders’ meeting on Friday in Fayetteville, Ark. This month alone, the company founded..>> view originalViaSat breaks Gogo's Wi-Fi hold on American Airlines - The San Diego Union
Carlsbad’s ViaSat will provide satellite-powered Wi-Fi on 100 new American Airlines planes — cracking market leader Gogo’s stronghold on American’s in-flight connectivity business.The deal announced Friday appears to set the stage for ViaSat and Gogo to compete for a larger piece of American’s in-flight Wi-Fi.The world’s largest airline is moving to convert a significant portion of its fleet to faster satellite-powered Wi-Fi instead of ground-based technology that it uses today.American chose Vi..>> view originalNew charges for ex-pharmaceutical executive Martin Shkreli
NEW YORK -- Federal prosecutors in New York have filed additional criminal charges against a pharmaceutical executive who was heavily criticized for raising the price of a lifesaving medication.A new indictment filed Friday in Brooklyn says Martin Shkreli and his former attorney Evan Greebel schemed to defrauded potential investors of his former drug company Retrophin Inc., based in San Diego. They say the two allocated company stock to seven employees to conceal Shkreli's ownership of it.Shkre..>> view originalPayday Loans a Crony Capitalist Target
To voters living comfortably in Cambridge, Mass., or the suburbs of Seattle, the payday lending crackdown sounds just right: Those storefront entrepreneurs of dubious extraction are preying upon the poor. They should be banned. But for the Consumer Financial Protection Bureau, the creation of Dodd-Frank which has been busy demonstrating the dangers of an unrestrained regulatory state, a slogan that polls well with liberal voters is only a starting point. The end result of its new payday rules, ..>> view originalWeak Hiring Pushes Back Fed's Plans
The U.S. job market notched its weakest monthly gain in more than five years, knocking down expectations for a Federal Reserve rate increase and stirring worries about the seven-year-old economic expansion. Employers added 38,000 jobs in May, the weakest performance since September 2010, the Labor Department said Friday. The unemployment rate, obtained from a separate survey of households, fell to 4.7% from 5% in April largely due to...>> view original
Saturday, June 4, 2016
Blue Cross premium hikes in Texas, Oklahoma could mean Illinois sticker shock and other top stories.
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