Michigan's attorney general has filed a lawsuit against Blue Cross and Blue Shield of Michigan over allegations tied to its acquisition of a for-profit worker's compensation firm. In the suit, Read more[...]
American Airlines parent AMR Corp. will record costs of almost $1.3 billion in the second quarter to reduce the value of aircraft it will park and to pay severance to employees who lose their jobs as it cuts back on flights. ALSO: Anheuser plans to boost market share; UnitedHealth restructures [...]
The California Public Employees Retirement System, the nation's largest pension fund, announced that it and other pension funds have reached an $895 million settlement of a class-action lawsuit against UnitedHealth Group Inc. over stock option backdating.[...]
By Matthew Holt In an attempt to put that messy options back-dating business behind it, yesterday United HealthGroup settled with CalPERS (the ever vigilant pension fund of California state employees) and other class action suit members. And settled for a[...]
MINNEAPOLIS - UnitedHealth Group Inc. cleared its decks of bad news yesterday, announcing a lower profit outlook, a restructuring that will trim 4,000 jobs, and a $900 million payout to settle a class-action lawsuit over options backdating.[...]
Fiserv has sold 51% of its insurance business, including third party biller Third Party Solutions to a private equity firm. The buyer, Stone Point Capital, also owns workers comp managed care firm Genex and multiple other insurance-related companies, including brokerage, investment, distribution, reinsurance, technology, and claims services. Fiserv will continue [...]
Shares of Clearwater-based Lincare Holdings (LNCR), the provider of home respiratory-therapy services, fell the most in almost five years after an analyst said Medicare changes may hurt earnings.[...]
