Business News

Aetna to Buy Humana in $37 Billion Deal

Posted: 07/03/2015 - Health insurer Aetna Inc. has made a deal to buy competitor Humana Inc. in a $37 billion deal the companies say would create the second-largest managed care company.

Nevada: Hot For Hops?

Posted: 07/02/2015 - Could northern Nevada be the next hot spot for hops? That's what some people are hoping to find out through an experimental hops farm. Located at UNR Experimental Agriculture Farm, you can see it from the McCarran Boulevard as you head into Sparks.

New Cigarette Tax Makes Impact on Local Businesses

Updated: 07/02/2015 - It's now more expensive for smokers in the Silver State. The new tax on cigarettes started July 1. Local businesses around the area are afraid the hike will change a smoker's habit.
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  • Toshiba Profit Markdown May Double Earlier Estimates
    Toshiba is likely to mark down its past operating profit by at least $814 million as a result of accounting irregularities, a person familiar with the matter said.
  • Rivals Lurked Behind Aetna's Deal With Humana
    Jockeying among the three other major health insurers—UnitedHealth, Anthem and Cigna—played into the dynamics of Aetna’s $34.1 billion deal to acquire Humana.
  • Blackstone Group Hires New China Chairman
    Private-equity firm Blackstone Group said it has hired Zhang Liping, a senior Credit Suisse Group banker, to head its operations in China.
  • Uber to Suspend Uberpop in France
    Uber Technologies plans to suspend one of its main services in France, days after French prosecutors indicted two top executives on charges of running that service illegally.
  • Major Customers Unfazed by Electrolux's GE Buy
    If General Electric sells its appliance business to rival Electrolux, will home builders and property managers have to pay more for stove tops? The Justice Department says they will, but home builders aren’t as sure.
  • Greek, German Tensions Turn to Resentment
    Whatever the outcome of Greece’s bailout referendum, tensions between Greeks and Germans over the debt crisis have now erupted into open displays of frustration and resentment that won't die down quickly.
  • Fitch Affirms Russia's Rating
    Fitch Ratings affirmed its investment-grade rating for Russia, while maintaining its negative outlook for the nation.
  • Ends No Longer Meet in Puerto Rico
    Business leaders see the island’s debt crisis as a spur to cut government spending, but the dependency on an expansive welfare system is deep.
  • Jobs at a Crossroads: Hiring Up, Pay Flat
    The U.S. job market sits at a crossroads six years into a fitful economic expansion: Hiring is strong, but weak wage growth has failed to pull millions of would-be workers off the sidelines while prompting others to drop out of the labor force.
  • Economist Warns of Risks of Greek Crisis to Eurozone Recovery
    The Greek crisis risks taking the steam out of the eurozone economy, just as the currency area was showing signs of recovering from a long period of weak economic growth, the chief economist for the Organization for Economic Cooperation and Development said.
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