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UnitedHealth CEO Stephen Hemsley on Tuesday said the company's bigger push into the Affordable Care Act exchanges was a "bad decision," but the insurer is unlikely to completely abandon its exchange business. During UnitedHealth's (UNH) annual meeting with investors, Hemsley indicated a measured approach vs. a wholesale withdrawal, saying the company will examine the exchanges "more slowly and thoughtfully and selectively." Shares
MarketAxess (MKTX) is leading the charge to bring bond trading into the 21st century. Stocks long have traded on centralized electronic exchanges such as Nasdaq and the New York Stock Exchange. But bonds are still mostly traded by brokers and banks, whether it be electronically or by phone. There is no central exchange. And it's not likely that a centralized bond-trading exchange will emerge, at least not in the near future, analysts say. Some
Discovery Communications (DISCA) is said to be launching its own streaming app, Discovery Go, as it vies to compete with the increasingly crowded field of online-video offerings from traditional media networks like Walt Disney (DIS) and pure-play streamers like Netflix (NFLX). Nine of its networks -- including Discovery Channel, TLC, Animal Planet and others -- will be available to authenticated cable subscribers via the app, according to AdWeek,
Supermarket chain Kroger (KR) is expected to maintain its streak of double-digit earnings growth when it reports third-quarter results this week, though gains on the top and bottom lines are likely to decelerate from the previous quarter. Meanwhile, the Cincinnati-based company is also expected to finalize its $800 million acquisition of supermarket chain Roundy's (RNDY) in the next few weeks. Kroger is due to report fiscal Q3 earnings before the
Shares of Las Vegas Sands (LVS) and other top Las Vegas casinos generally rose Tuesday despite the latest report from Macau showing casinos in the world's top gambling destination are continuing their downward spiral. The Macau Gaming Inspection and Coordination Bureau said gross gaming revenue for November fell 32.3% to about $2.06 billion. It was the 10th straight month in which revenue has fallen by 28% or more on a year-over-year basis, and