Friday, July 3, 2015
Health insurance company Aetna Inc is said to have struck a deal to purchase Humana Inc for about $37 billion, or roughly $230 per Humana share, in a cash-and-stock deal.
Humana shareholders will get $125 in cash and 0.8375 Aetna shares for each share held, an about 23% premium to the stock's closing price on Thursday. Following the deal, Aetna's shareholders would own about 74% of the combined company.
Once done the new company will boast more than 33 million members, and bring in estimated revenue of about $115 billion per year. 56% of the revenue will be from government-sponsored programs like Medicare.
Tuesday, June 30, 2015
24/7 Wall St. has listed the worst companies to work for. 24/7 Wall St. based their list from data on jobs and career website Glassdoor. They have compiled and analyzed data on more than 400,000 companies worldwide.
The average company rating on Glassdoor is 3.2 out of 5.
Here are the 12 U.S. companies that are worst for employees:
12. CVS Health (CVS) - Rating: 2.7
11. Computer Sciences Corporation (CSC) - Rating: 2.7
10. Dollar General (DG) - Rating: 2.7
9. Ross Stores (ROST) - Rating: 2.7
8. DISH Network (DISH) - Rating: 2.6
7. AECOM (NYSE:AECOM) - Rating: 2.6
6. Sears (SHLD) - Rating: 2.5
5. Xerox (XRX) - Rating: 2.5
4. Forever 21 - Rating: 2.5
3. Kmart (SHLD) - Rating: 2.5
2. Dillard’s (DDS) - Rating: 2.4
1. Express Scripts (ESRX) - Rating: 2.3
Thursday, June 25, 2015
The Asia-Pacific region has overtaken Europe in the area of private financial wealth in 2014. The Boston Consulting Group estimated that East and West Europe holds a private wealth of $42.5 trillion, while the Asia-Pacific (Japan not included) is growing at a fast pace and now holds $47.3 trillion. They are also expected to ave more than one-third of the $222 trillion global total by 2019.
Asia-Pacific (Japan not included) will surpass the North America's private financial wealth by 2016.
BCG's estimate of total financial wealth:
- North America: $50.8 trillion (+5.6%)
- Asian-Pacific (Japan not included): $47.3 trillion (+29%)
- Western Europe: $39.6 trillion (+6.6%)
- Japan: $14.3 trillion (+2%)
- Middle East and Africa: $5.7 trillion (+9.4%)
- Latin America: $3.7 trillion (+10.5%)
- Eastern Europe: $2.9 trillion (+18.8%)
Saturday, June 13, 2015
Los Angeles Mayor Eric Garcetti, with members of the City Council and community leaders in attendance, signed into law an ordinance that will slowly increase the minimum wage to $15 an hour by 2020 at Martin Luther King Jr. Park in Los Angeles, on Saturday, June 13, 2015. It makes the Los Angeles the largest city in the U.S. to gradually raise the minimum wage to $15 per hour.
With the law, Los Angeles minimum wage will increase gradually:
July 2016 - from $9 to $10.50
Then yearly increase of $12 (2017), $13.25 (2018), $14.25 (2019)and $15 (2020).
Small businesses and nonprofits organization will have an extra year to phase in the increases.
Saturday, June 6, 2015
For Arizona residents who purchase their own health insurance maybe in for a big surprise next year they are faced up to 27% rate increase. Health Insurance companies said that the increase reflect the higher medical expenses of their customers. They have filed the necessary paperwork with the state and federal regulators to increase the premiums by 11 to 27% for 15 individual plans sold on and off the Affordable Care Act marketplace.
The proposed rate hikes will not affect most Arizonans who get health insurance through an employer or a government-sponsored health plan such as Medicare, Medicaid or Veterans Affairs.
Full story here
Saturday, May 30, 2015
Health Insurance company Humana Inc is thinking of selling the company after it received multiple expressions of takeover interest, this could set off a round of mergers in the health care industry as it grapples with the hurdles and opportunities caused by the federal health-care overhaul.
Companies are pressured to cut costs and look for other ways to gain profit from the potential new customers because of the Affordable Care Act. Experts expected that big health insurance companies will merge to give them more opportunities to compete.
Humana is headquartered in Louisville, Kentucky. Majority of its income is from its business administering the private version of the federal Medicare program. The company prized because of its powerful Medicare franchise, which is on the uptrend as baby boomers age into eligibility and opt for these plans, known as Medicare Advantage.
Wednesday, May 20, 2015
The Los Angeles City Council voted last Tuesday 14-1 in favor of the $15 minimum wage increase, after they hear the statements of residents for and against the plan. There are about 700,000 people earning minimum wage in Los Angeles, the city also has the highest housing costs in the country. Los Angeles will be the 2nd largest city to increase the minimum wage to $15 from $9.
The measure will be sent to the city attorney to prepare a wage ordinance. That ordinance will then go to a council committee and if it get pass it will go to the full council for a final vote and then to Mayor Eric Garcetti.
This will require businesses with more than 25 employees to meet the $15 pay level by 2020, while smaller businesses would have an extra year to comply.
Wednesday, May 6, 2015
Can't wait for your Pizza deliver? You can now track it real time using the new Pizza Hut app, you no longer have to ask "Where's my pizza?" They are calling it "Pizza Navigation System" and it runs like Uber's tracking app. The customer will have the ability to track the location of the delivery guy's vehicle on a map on the way to the customer's location.
Pizza Hut said that the service will "allow customers to plan for meal time while Pizza Hut simultaneously manages its fleet of drivers to ensure an efficient ordering process."
The picture of the delivery guy will also be shown on the app so that the customer will know who to expect at their door. The service was first rolled out in Russia and Israel in 2014. It will debut in the Dallas area soon, and be expanded through out the country later this year.
Thursday, April 16, 2015
Careercast, a job search website listed the 10 worst and best jobs for the year 2015 and too bad for the newspaper reporters they top the list of worst job in the U.S. Another 2 media professions are in the list of the worst Broadcaster in number 5, while Photojournalist is in number 6.
Now you can't blame former Houston Chronicle newspaper reporter Sarah Tressler for having a second job as a stripper
The ranked is based on income, stress, outlook and environmental factors, they collected the data from the Bureau of Labor Statistics.
The best job in 2015 is Actuary, a profession which calculate financial risk.
The worst of 2015
1. Newspaper reporter
3. Enlisted military personnel
7. Corrections officer
8. Taxi driver
10. Mail carrier
The best of 2015
5. Biomedical engineer
6. Data scientist
7. Dental hygienist
8. Software engineer
9. Occupational therapist
10. Computer systems analyst
Saturday, April 4, 2015
Supporters of Memories Pizza raise $842,387 after backlash over Standing Ground with their Beliefs in regards to Gay Marriage
A local Indiana pizza shop "Memories Pizza" has closed down after coming under fire from Liberals and LGBT communities after an interview Co-owner Crystal O'Connor which she said that she would refuse to cater a gay wedding. The supporters of the local Pizzeria has now raised $842,387 online in just 4 days.
"Donations are now closed. Grand total of $842,387 raised for #MemoriesPizza. You stood in the gap with them. Thank you!"
Lawrence Jones created the fund-raiser, he is a regular contributor for conservative radio program, "The Diana Show," which is publicly backing O'Connor's family.
"All money, save whatever percentage GoFundMe takes, will be transferred directly to whichever bank account the O'Connors wish to use," according to Lawrence.
In a related news, A bitter CBS Affiliate Employee is now being investigated for a bogus fraud report against ‘Memories Pizza’ GoFundMe and she even had the gall to brag about it on Social Media.
Alix Bryan works as a social media person for WTVR-TV (CBS affiliate in Richmond, Virginia), she filed a fraud report to GoFundMe against Memories Pizza and brag about it on Twitter:
I have reported the GoFundMe for Memories Pizza for fraud. Just in case. http://t.co/ET0kGL0OWL
— Alix Bryan (@alixbryan) April 1, 2015
Then when someone confronted her asking why she filed a fraud complaint without basis, she replied with a lie “Also, that is totally acceptable to do. I also did research afterward and contacted person who started fund. @LilacSundayBlog @CBS6”, Lawrence Jones (the guy who started the fund) Tweet back and accused her of lying.
So, is this what she do in WTVR make up fake news report?