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Stock Market & Financial Investment News

News Breaks
May 13, 2014
08:09 EDTCNCCentene's IlliniCare Health awarded five-year agreement with Cook County Health
Centene announced that a subsidiary, IlliniCare Health, has been awarded a five-year services agreement with Cook County Health & Hospital Systems. Under the terms of the agreement, which is expected to commence July 1, IlliniCare will perform third party administrative services. In addition, IlliniCare will also provide care coordination, behavioral health, optometry and pharmacy benefits management services, thus consolidating three contracts with different vendors into a single cohesive partnership between IlliniCare Health and CCHHS.
News For CNC From The Last 14 Days
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July 28, 2014
08:17 EDTCNCMCO sell-off provides buying opportunity, says Leerink
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July 25, 2014
10:52 EDTCNCWellCare issues largely company-specific, says UBS
UBS notes that aside from WellCare (WCG), which attributed its lowered guidance to the start-up of its Florida MMA program and other issues, that Centene (CNC), WellPoint (WLP), UnitedHealth (UNH) and Humana (HUM) are the leaders in Medicaid in the state. However, the firm believes a majority of WellCare's issues appear company specific and UBS views any weakness in UnitedHealth, WellPoint, Aetna (AET), or Cigna (CI) as opportunity to buy those four stocks, on all of which it has Buy ratings.
10:02 EDTCNCOn The Fly: Analyst Downgrade Summary
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07:22 EDTCNCCentene downgraded to Market Perform from Outperform at Wells Fargo
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06:40 EDTCNCCentene downgraded to Market Perform from Outperform at Wells Fargo
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July 24, 2014
06:50 EDTCNCConsumers received $9B in refunds from health insurers, The Hill says
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July 22, 2014
13:46 EDTCNCCourt upholds Obamacare subsidies, NY Times says
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10:43 EDTCNCAppeals 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 IRSís regulation." Twenty-seven states decided against setting up marketplaces, and another nine states partially opted out, according to the Washington Post.
06:47 EDTCNCCentene up 2.1% following Q2 earnings release
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06:14 EDTCNCCentene sees FY14 EPS $3.70-$3.90, consensus $3.73
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06:12 EDTCNCCentene reports Q2 EPS ex-items 95c, consensus 72c
Reports Q2 revenue $4.02B, consensus $3.66B. Reports Q2 EPS 79c. Reports Q2 premium and service revenues $3.74B.

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