Health insurers Aetna Inc. and Humana Inc. Friday said they have entered into a definitive agreement, under which Aetna would acquire Humana for a combination of cash and stock valued at about $230 per Humana share or $37 billion in total. The transaction is expected to be neutral to Aetna's 2016 operating earnings per share.
Stock index futures point to a mixed open on Friday as preparations get underway for Sunday's referendum in Greece that could seal the country's fate in the euro zone. Opinion polls on Greece's bailout referendum point to a closely balanced result with a slight majority in favor of accepting the creditors'...
Shares of Applied Genetic Technologies Corp. (AGTC) surged over 17% on Thursday following a broad collaboration and license agreement with Biogen Inc. (BIIB) to develop gene-based therapies for multiple ophthalmic diseases.
Asian stock markets are mostly trading lower on Friday, following a weak lead from Wall Street where traders were reluctant to take fresh positions going into the long weekend and ahead of Greece's weekend referendum.
With traders reluctant to make any significant moves going into the long weekend, stocks showed a lack of direction over the course of the trading day on Thursday. The major averages bounced back and forth across the unchanged line before closing roughly flat.
President Barack Obama traveled to Wisconsin on Thursday to tout his recently announced plan to provide more overtime pay for U.S. workers.
A majority of Americans see the Confederate flag as a symbol of Southern pride rather than a symbol of racism, according to the results of a CNN/ORC International poll, although most still say the flag should be removed from government property.
U.S. crude oil pared gains to end lower for a second straight session on Thursday, after data from Baker Hughes showed an increase in weekly oil rig count, following the jump in U.S. crude stockpiles last week.
For the week, crude oil futures plummeted about 4.5 percent.
Earlier, crude oil was...
The Justice Department has initiated a probe to find out if airlines are colluding to limit seating capacity in order to benefit from higher airfares.
Gold futures slipped for a third straight session to end at a more than three-month low on Thursday, on continued hopes for a deal in the Greek financial crisis. Nevertheless, the precious metal pared some of the losses after the dollar weakened on some disappointing economic data from the U.S. with...
Senate Minority Leader Harry Reid, D-Nev., touted Thursday's monthly jobs report as a sign of economic progress but said his Republican colleagues could be doing more to help American workers.
While selling pressure has remained subdued, stocks have moved modestly lower over the course of the trading day on Thursday. The pullback comes as traders are expressing some trepidation going into the long weekend.
Vermont Sen. Bernie Sanders, I-Vt., has seen a significant jump in support in the Iowa Democratic Caucus, according to the results of a Quinnipiac University poll, although he continues to trail front-runner Hillary Clinton.
British oil giant BP agreed Thursday to pay $18.7 billion to settle claims related to the worst offshore oil spill in the U.S. history. The US federal government and five states along the Gulf of Mexico were seeking compensation for the 2010 Deepwater Horizon disaster. The agreement also includes settlement of claims made by more than 400 local government entities.
Saudi Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud has pledged to give away his entire wealth amounting to $32 billion for charity. He said the fund will be utilized for cultural understanding, develop communities, empower women, enable youth, provide vital disaster relief and create a more tolerant and accepting world.