Anthem to Acquire Cigna in $54.2 Billion Health Insurer Merge
Anthem confirms a cash and stock deal to buy Cigna for $54.2 billion creating a combined insurer with more than 53 million insured and annual revenue exceeding $115 billion. The merger, valued at about $188 per Cigna share, aims to achieve $2 billion in cost cuts within two years and will require regulatory approval by late 2016.
MENTIONED IN THIS ARTICLE
Anthem
Cigna
Joe Swedish
David Cordani
Swedish
Cordani
Blue Cross
Blue Shield
Amerigroup
UnitedHealth Group
Stephen Hemsley
Fionally
Aetna
Humana
New Home Sales Fall 6.8 Percent In June
U S new single family home sales drop 6.8 percent from May to June to a seasonally adjusted annual rate of 482 000 amid Western weakness. Median price slips to 281 800 from 282 800 as economists forecast a rise to 550 000 in an Econoday survey. American Airlines posts record second quarter profit of 1.7 billion dollars before charges and 1.9 billion after, per share 2 62, but shares fall 7 percent to 39 63.
MENTIONED IN THIS ARTICLE
West
U.S
Census Bureau
American Airlines
American Airlines Group
US Airways
American
Doug Parker
Theater Safety Focus After Louisiana Shooting
Security becomes a hot topic as a gunman fatally shoots two people and then himself in Louisiana. Authorities seek to prevent recurrence while theaters review entry checks and emergency protocols amid public concern.
MENTIONED IN THIS ARTICLE
Louisiana
Lafayette theater shooting renews focus on security rules
USA TODAY reports the Lafayette Louisiana theater attack raises national debate on safety. John Russell Houser, 59, fired a 40 caliber handgun at Trainwreck, killing two and wounding nine before killing himself. Experts warn theater security becomes a long term hot button as venues weigh metal detectors and bag checks amid high costs and liability concerns.
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Lafayette
John Russell Houser
Houser
Aurora
Colo
Florida
Jeff Bock
National Association of Theater Owners
Jim Davis
Colorado Department of Public Safety
Homeland Security
John Hickenlooper
Davis
Public Safety Ventures
Longmont
FCC OKs AT&T DirecTV merger to reshape pay TV
The FCC approved AT&T's 49 billion acquisition of DirecTV, aiming to form the largest US pay TV provider. The deal, expected to pass, includes conditions such as expanding fiber access to 12.5 million locations while DOJ also clears the merger. AT&T projects about 26 million TV customers post completion.
MENTIONED IN THIS ARTICLE
Federal Communications Commission
At&t
Directv
FCC
Tom Wheeler
Department of Justice
Antitrust Division
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DOW Jones Industrial Avg
HVA ES
POL
Stacy Revere
Grand Theatre
Standard & Poor
Treasury Note
USA Today
Marketwatch.com
USA
Glassdoor
Jae Yang
Veronica Bravo
Bryan Alexander
Jayme
Bock
At&t-Directv
Randall Stephenson
Wheeler
At&t U-Verse
Comcast
Time Warner Cable
At&ti
TWC
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