(Corrects fourth paragraph to say that the deal includes the assumption of $457 million in addition to the $618 million in cash paid for the equity)
Health insurer Humana Inc is reducing its workforce by about 1,400 jobs, or 5 percent, during 2010 to align the size of the company with its lower membership.
U.S. industrial output rose by a bigger than expected 0.9 percent in January with gains recorded in all major categories, Federal Reserve data showed on Wednesday.
Deere & Co posted higher-than-expected earnings, sending its shares up more than 8 percent, as wider margins at its farm equipment and finance units helped it overcome weak economic conditions.
Wall Street stocks rose on Wednesday, boosted by strong results from farm equipment maker Deere & Co, and data showing housing starts rebounded more strongly than expected.
Deere & Co posted higher-than-expected quarterly earnings on cost-cutting and strength at its finance arm and flagship farm equipment division, sending its shares up 8 percent.
Deere & Co reported stronger-than-expected quarterly earnings on Wednesday, sending its shares higher, as costs cuts and strength at its in-house finance arm overcame what it characterized as stubbornly weak global economic conditions.
White House economic adviser Christina Romer said on Wednesday that the U.S. employment picture was stable, with job growth expected by spring.
Wall Street appeared poised for a higher open on Wednesday, boosted by strong results from farm equipment maker Deere & Co, and data showing housing starts rebounded more strongly than expected.
Housing starts rebounded more strongly than expected to their highest level in six months in January, while permits fell slightly less than forecast, a government report showed on Wednesday.
Stock index futures pointed to a higher open on Wednesday, boosted by strong results from farm equipment maker Deere & Co, as investors awaited data on the housing market and industrial production.
Shares in hedge fund manager Man Group topped the list of FTSE 100 gainers on Wednesday, with traders citing talk of takeover interest from U.S. fund group BlackRock .
Stock index futures pointed to a higher open on Wednesday, the day after it posted its biggest daily percentage gain in three months, as investors awaited data on the housing market and industrial production.
Investors have not yet given up on the 11-month-old world markets recovery and there is little evidence so far this year of a retreat to safe-haven bunkers in the face of mini-shocks from Greek debts, China's monetary tightening and U.S. regulatory threats.
Morgan Stanley may hand over to creditors its $2.4 billion investment in a chain of Japanese hotels when the debt becomes due in April, the Wall Street Journal said on Wednesday, citing people familiar with the matter.
World stocks rose on Wednesday and the euro kept the previous day's sharp gains as strong earnings from both sides of the Atlantic shifted focus away from concerns about the euro zone debt crisis.
The pending $15 billion sale of a unit of American International Group to MetLife may be pushed back by a tax dispute that may require a ruling from the Internal Revenue Service, the Wall Street Journal reported.
Americans kept their retirement savings rates steady in 2009 as the economy recovered slowly and a rallying stock market helped boost the overall value of their accounts, a study released on Wednesday shows.
Billionaire investor George Soros' hedge fund more than doubled its bet on the price of gold during the fourth quarter, a portion of the firm's total U.S.-listed equity holdings of $8.8 billion at the end of 2009.
EBay Inc will launch a new online retail platform in five European countries and Russia by the end of March, spurring cross-border transactions and allowing buyers to navigate purchases in their native languages.
The percentage of Americans falling behind on credit card bills stabilized in January, according to data from the six major lenders, signaling that U.S. consumer credit woes may be leveling off.
There's only one Warren Buffett to go around, and non-U.S. investors will get less of him this year.
Google Inc Chief Executive Eric Schmidt urged the mobile industry not to block opportunities offered by the mobile Web and said Google and telecoms carriers could have a symbiotic relationship.
Growing mountains of U.S. government debt will increase pressure on Federal Reserve to hold interest rates low, making it harder to avoid inflation, a senior Fed official said on Tuesday.
Prosecutors argued on Tuesday that Galleon hedge fund founder Raj Rajaratnam, indicted on fraud charges in a sprawling insider trading probe, would have an unfair advantage if a civil trial by market regulators went ahead before a criminal trial.
The U.S. Federal Communications Commission unveiled a plan on Tuesday that would require Internet providers to offer minimum home connection speeds by 2020, a proposal that some telecommunications companies panned as unrealistic.
The release of the RBA board minutes saw a fairly muted reaction initially on the AUD/USD as it drifted around the 0.8890 level before popping through the 89 cents in Asian afternoon trade.
U.S. stocks rose in light trading on Tuesday, as better than expected earnings reports, analyst upgrades and rising commodities prices influenced gains.
U.S. stocks posted their biggest daily percentage gain in three months on Tuesday after strong revenue from drugmaker Merck and regional manufacturing data instilled confidence in the economic outlook.
U.S. stocks rallied on Tuesday, sending the benchmark S&P 500 to its biggest one-day percentage run-up in three months, as Merck's strong earnings and upbeat regional manufacturing data boosted optimism about the economic outlook.
