Humana to buy Emphesys Financial Group for 650 million
Humana Inc. will acquire Emphesys Financial Group Inc. for about 650 million dollars, expanding managed health plans to 3.7 million members in 22 states with over 5.6 billion dollars in annual premium revenue. The deal blends HMOs for large employers with Emphesys PPOs for small employers.
MENTIONED IN THIS ARTICLE
Humana Inc
Emphesys Financial Group Inc
Midwest
Humana
Emphesys
Hmos
Ppos
Toyota to replace ailing president with Hiroshi Okuda
Toyota Motor Corp will replace its ailing president Tat suro Toyoda with Hiroshi Okuda 62, an executive vice president in charge of finance and purchasing, effective after a Aug. 25 board meeting. Toyoda, 66, will become vice chairman. stock fell up to 40 yen and closed 30 yen lower at 1820. Okuda’s appointment ends a family era since the 1930s.
MENTIONED IN THIS ARTICLE
Toyota
Toyota Motor Corp
Tatsuro Toyoda
Hiroshi Okuda
Toyoda
Okada
Japan
Inflation mixed as PPI holds steady in July
Separate reports show mixed inflation signals with the producer price index holding steady in July as food costs rise and gasoline prices decline. Analysts note resilience in job growth could rekindle inflation, while bond yields and the dollar move on the data. The CPI due tomorrow may give the Fed more room to cut rates at its Aug meeting.
MENTIONED IN THIS ARTICLE
Labor Department
Federal Reserve
David Wyss
DRI/McGraw-Hill
Lexington
Massachusetts
Fed
Thenn
Lexus crafts high end pitch for used car market
Lexus unveils a 30-minute infomercial to rebrand used cars as smart luxury buys. The campaign highlights a 108 point inspection, showroom reliability, and a six year or 70,000 mile warranty on certified pre owned Lexuses. The program targets households earning about $100,000 and markets largely via testimonials, expert endorsements, and a prominent 800 number for info.
MENTIONED IN THIS ARTICLE
Beverly Hills
Lexus
Toyota
Gary Marcotte
Toyota Motor Sales
U.S.A
Torrance
Calif
Gordon Wanger
Automotive Marketing Consultants Inc
Vista
Wanger
America
Team One
Hudson Street Partners
Cordiant
Thomas Burke
Hudson Street
Road and Track Magazine
J.D. Power
Automotive Marketing
Netscape Surges At Debut In Wall Street Fever
Netscape Communications, a 15 month old firm yet to profit, opened at 71 and climbed to 74.75 before ending at 58.25 on its Nasdaq debut. The stock’s one day gain neared 150 percent with 13.88 million shares traded as investors rush to cash in on Internet hype. The IPO values Netscape at 2.2 billion, larger than Broderbund Software, signaling a broader rush to commercialize the World Wide Web.
MENTIONED IN THIS ARTICLE
Wall Street
Netscape Communications Corp
Netscape
Broderbund Software Inc
Michael Murphy
Half Moon Bay
Calif
Spyglass Inc
Spyglass
Uunet Technologies Inc
Market prices and bids from Midland to Omaha and Dodge City
Morning market report lists Midland flour crop prices with wheat at 4.50, corn 2.83, milo 4.66, soybeans 5.82. Omaha livestock show hogs mostly steady to 1.00 lower under 250 pounds, sows steady to 25 lower, cattle and calves none, sheep noted. Nonferrous metals quoted in New York with aluminum 86.0 cents, copper around 1.42 to 1.46 per pound, lead 42 cents, gold 384.05 and 484.30 per ounce, silver 5.23 per ounce, mercury 250.00 per 76 lb flask, platinum 425.40 per ounce. prices from Commerce Bank of Kansas City as of 8 a.m. today.
MENTIONED IN THIS ARTICLE
Midland
Omaha
New
U.S
Joseph
Lar
London
Handy & Harman
Also Mentioned on This Page
Managed-Care Group
Sony
Sony Corp
Electronics and Entertainment
Sony Pictures Entertainment Inc
Philippines
Westinghouse
National Power Corp
Westinghouse Electric Corp
Francisco Viray
Unc
Merck
Applebee's
NPC
Anc
Office Depot
Buckle Inc. O'Reilly Auto Cameo Intnatl
Casey's
JC Penney
Pepsica Ab
CommBanesh
Quaker
Eva
Railroad Fin
Dayton-Hud First Bank Sys
Sallie Mae
Fleming
Santa Fe
Sealright
Sears
Goodyear
SBC
Heinz
Studid
Hercules
Kmart
UtiliCorp
Une
Wal-Mart
Kroger Ah LabOne
Williams
Journal-World
Bloomberg Business News
Treasury
Via
Bureau of Labor Statistics
N.Y. Times News Service
Netscay
Bloomberg
Wm. J. Castello
St. Joseph Livestock
Dodge City
Ci — Kansas Feedtor
Nonferrous Metals
New York
Commerce Bank of
Kansas City
Interbank
Commerce Bank
Us.s
Peru.s
Canada
France
Germany
Great Britain
Italy
Mexico
Switzerland
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