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Stock Market & Financial Investment News

News Breaks
February 14, 2013
17:13 EDTAET, CI, CSC, BWCGreenlight reports increased stakes in Aetna, Cigna, CSC, Babcock & Wilcox
News For AET;CI;CSC;BWC From The Last 14 Days
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July 24, 2014
06:50 EDTAET, CIConsumers received $9B in refunds from health insurers, The Hill says
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July 23, 2014
08:32 EDTBWCB&W Volund signs $80M contract
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July 22, 2014
13:46 EDTAET, CICourt upholds Obamacare subsidies, NY Times says
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10:43 EDTAET, CIAppeals court bars subsidies in health care law
A three-judge panel of the D.C. Circuit Court of Appeals struck down part of President Obama's healthcare law by siding today with plaintiffs who argued that the law barred the government from giving subsidies to people in states that chose not to set up their own insurance marketplaces. The appeals court stated, "Because we conclude that the ACA unambiguously restricts the section 36B subsidy to insurance purchased on Exchanges 'established by the State,' we reverse the district court and vacate the IRS’s regulation." Twenty-seven states decided against setting up marketplaces, and another nine states partially opted out, according to the Washington Post.
July 16, 2014
08:34 EDTBWCBabcock & Wilcox awarded contract for DR coal-fired boiler project
The Babcock & Wilcox Company announced that its subsidiary, Babcock & Wilcox Power Generation Group, has been awarded a contract to design and manufacture two coal-fired boilers to be installed in the Punta Catalina Power Plant for Corporación Dominicana de Empresas Eléctricas Estatales in the Dominican Republic. The contract, booked in the second quarter of 2014, was awarded by Italian engineering and procurement contractor Tecnimont S.p.A, which is developing the project as part of a consortium which includes Tecnimont, Constructora Norberto Odebrecht S.A. and Ingeniera Estrella S.r.l. Project management and front-end engineering for the project are underway in B&W PGG’s U.S. operations. The project is scheduled to be completed October 2017.

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