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Ugly October (so far) for local stocks
Global markets declined again Tuesday, and amid the recent volatility, shares of 12 of 15 local companies tracked by Insider have fallen in October.
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Monday Business Briefing: A terrible week for local stocks; Waterfront Park...
Welcome to the Oct. 29 Monday Business Briefing, your weekly business intelligence digest from Insider Louisville. Local stocks tumbled amid concerns about future earnings With the exception of Ford...
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Humana shares rise on profit growth, better outlook
Humana’s shares jumped more than 6 percent Wednesday morning after the company said third-quarter results were bolstered by strong interest in its insurance plans among older Americans.
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Monday Business Briefing: Lexington pizzeria coming; council to vote on...
Welcome to the Nov. 12 Monday Business Briefing, your weekly business intelligence digest from Insider Louisville.
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Humana shares rally on reported Walgreens tie-up
Humana shares rallied about $7 late Tuesday after The Wall Street Journal reported that the insurer and drugstore chain owner Walgreens Boots Alliance were “in preliminary discussions to take equity...
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The Closing Bell: River Ridge exits lease; interior design tandem; Humana...
Welcome to The Closing Bell. This is your last stop for biz scoops and big news before the weekend — a roundup of stories that can’t wait till Monday.
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Despite volatility, investors in some local companies saw solid returns in 2018
Despite market volatility and a terrible fourth quarter, shareholders of some local companies, including Humana, Texas Roadhouse and Yum Brands, enjoyed healthy returns in 2018. For some local...
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The Closing Bell: Big Bar expansion growing?; Humana reports high customer...
Welcome to The Closing Bell. This is your last stop for biz scoops and big news before the weekend — a roundup of stories that can’t wait till Monday. With The Wine Market closed, Big Bar’s expansion...
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The Closing Bell: Arcadia Apartments rebranded; GEA wants to hire your...
Welcome to The Closing Bell. This is your last stop for biz scoops and big news before the weekend — a roundup of stories that can’t wait till Monday. Arcadia Apartments renamed amid major renovation...
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The Closing Bell: Passport appeals Medicaid reimbursement rates; Schnatter...
Welcome to The Closing Bell. This is your last stop for biz scoops and big news before the weekend — a roundup of stories that can’t wait till Monday. Passport files appeal with state over...
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Passport’s finances being dragged down by $220M in ‘management fees’ to...
Passport Health Plan’s fiscal troubles, which may push the nonprofit into insolvency as soon as this summer, began even before the state changed the distribution of its Medicaid dollars last summer. In...
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Former U.S. Medicaid CMO: State’s actions to curb costs will backfire
Changes to Kentucky’s Medicaid program, including the implementation of a work and community engagement requirement, redistribution of money and a proposal to reduce the number of managed care...
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Humana spending on medical claims rose, lowering fourth-quarter pretax income
Humana’s fourth-quarter pretax income fell despite higher revenue, as the share of dollars the Louisville-based insurer is spending on medical claims rose. Nonetheless, the Louisville-based insurer...
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Humana executives sell nearly 74,000 shares worth $22.7 million
Six Humana executives this month have sold or planned to sell nearly 74,000 shares with a combined value exceeding $22.7 million. According to filings with the Securities and Exchange Commission, the...
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Passport CEO: Despite deep cost cuts, nonprofit ‘facing extinction’
The drastic cuts Passport Health Plan implemented a week ago have reduced its shortfall by about 42 percent, but it is still hemorrhaging about $1.25 million a week. CEO Mark Carter said that while...
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Humana CEO: Medicare-for-All is ‘a great opportunity’
Humana CEO Bruce Broussard said he views Medicare-for-All as a potentially enormous opportunity for the health insurance industry and patients. But he warned that how such a system would work — and who...
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Humana shares down $100 since early November; market cap declined $14B
Humana shares are down more than $100 since early November, a decline of about 28 percent, cutting the Louisville-based company’s value by nearly $14 billion. Humana shares are sliding as investors...
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Humana shares fell another 5% this week, but on Thursday posted biggest gain...
In another terrible week for health care stocks, Humana’s shares have fallen another 5% — though they finally showed some signs of life on Thursday. In the week’s first three trading days, Humana...
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Federal law helps cut Humana income tax bill by $1.2B in 2018; other...
Federal legislation has provided a huge windfall for some of Louisville’s largest employers, with Humana alone paying about $1.2 billion less in federal income taxes last year than in 2017. However, a...
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Humana, Yum shares fall in early trading on Q1 reports; Turning Point Brands’...
Investors reacted poorly Wednesday morning to earnings reports from Louisville-based Humana and Yum Brands, with Humana shares falling more than $13, or more than 5%, in early trading — though they...
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Lucina CEO: Louisville must undergo cultural shift toward greater inclusivity...
Louisville must undergo a cultural shift toward greater inclusivity and support of entrepreneurship if it wants to successfully compete with faster-growing peers such as Austin, Texas, and Nashville,...
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Local stocks in May performed poorly
Don’t be shocked if you haven’t looked at your retirement account balance lately. In all likelihood, it will have taken a beating in May — much like local stocks. How bad was the month? Here’s an...
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Shares of Passport Health Plan’s would-be buyer down 75% since November
Shares of Passport Health Plan‘s would-be buyer Evolent tumbled again Thursday, hitting an all-time low of $7.16. The plummeting stock price also is undermining the finances of Passport, which...
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Some Louisvillians will see lower health insurance premiums next year
Some Louisvillians will see lower health insurance premiums in 2020, based on preliminary rate filings from insurers CareSource and Anthem. However, other Kentuckians, including some in the western...
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Humana shares jump on Q2 earnings, customer growth
Humana shares jumped more than 4% on Wednesday after the insurer said that it gained more customers in the second quarter than at any time in the last decade. The Louisville-based company also said it...
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