Humana's stock "soared as much as 13%" in after-hours trading and retail and healthcare analysts stroked their chins and offered insight after the "Wall Street Journal" reported yesterday that the Louisville, Ky.-based health insurer was in preliminary talks to possibly be acquired by Walmart, "among a range of options" that may or may not come to fruition.
After a long search in the wake of its massive security breach revealed last September, Equifax has named a new permanent leader. Mark Begor, who most recently has been a managing director at private equity company Warburg Pincus and a board member of FICO, will become CEO April 16. He is a 35-year veteran of executive suites in General Electric's diverse enterprises.
In a bid to regain momentum in the K-12 market - particularly against the cheaper Google Chomebooks - Apple executives yesterday trekked to Lane Tech High School in Lakeview, Ill., to unveil a new 9.7-inch, 32GB, $299 iPad that will support the Apple Pencil stylus, just as its more expensive versions do.
Brentford, U.K.-based GlaxoSmithKline will pay $13 billion to purchase Basel, Switzerland-based Novartis' 36.5% stake in a joint venture they've maintained for some familiar over-the-counter healthcare brands marketed worldwide. The move is indicative of the diverging paths two new CEOs are leading their companies down.
Remington Arms, the 202-year-old firearms manufacturer based in Madison, N.C., yesterday filed for bankruptcy in U.S. Bankruptcy Court in Wilmington, Del., the day after hundreds of thousands of students gathered in March For Our Lives rallies cities across the country and three days after Citibank became the first credit card company to announce new policies "to prevent firearms from getting into the wrong hands."
The U.S. Justice Department and attorneys for AT&T and Time Warner presented two starkly different versions of what consumers will experience should the media and advertising behemoths be allowed to merge as opening arguments were heard yesterday in an antitrust trial before Judge Richard Leon of the U.S. District Court for the District of Columbia.
The Apple Cinnamon Toast Crunch cart was upended at General Mills yesterday as external problems such as a nationwide shortage of truck drivers and the rising price of ingredients like nuts got in the way of its "Innovation Intersection" initiatives. Its stock dropped about 9% in trading after it released its fiscal 2018 third-quarter earning report that warns of "cost pressures" that will force it to raise prices on some of its products.
"Last Week Tonight with John Oliver Presents a Day in the Life of Marlon Bundo," the book about a gay rabbit the HBO host introduced on his show Sunday night, hopped to the top of the Amazon bestseller list yesterday, leaping over the book it trolls, "Marlon Bundo's Day in the Life of the Vice President," which was written by the Mike Pence's daughter, Charlotte, and illustrated by his wife, Karen.
It's not only news in the "New York Times," it's also making headlines in "The Messenger" of Fort Dodge, Iowa, the "Midland Report-Telegram," which covers the heart of the Permian Basin of West Texas, the website of WTHI-TV10 in Terre Haute, Ind., and many a teen and tweenage girl's social media feed: Claire's, which says it is a "destination" for about 900 million female customers in 47 countries, is the latest retailer to file for Chapter 11 bankruptcy protection.
The National Highway Traffic Safety Administration is investigating the failure of airbags to open in crashes involving certain Hyundai and Kia automobiles. Four people died and six others were injured in the six crashes involving 2011 Hyundai Sonata midsize cars and 2012 and 2013 Kia Forte compacts.