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American insurance corporation Centene acquires its competitor WellCare Health Plans. According to Reuters, the company confirmed this information. The transaction is estimated at 15 billion 270 million dollars, which the American insurer will pay in cash and shares. According to analysts, the successful completion of the transaction will allow Centere to strengthen its position in the US market and more confidently compete with insurers such as the UnitedHealth Group and CVS Health Corporation. The number of its clients will grow to 22 million people. The company also expects that by the second year after completing the transaction, it will be able to save about $500 million a year.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
Britain on Wednesday signed a supply deal for up to 60 million doses of a possible COVID-19 vaccine that is being developed by pharmaceutical companies GlaxoSmithKline (GSK) and Sanofi. The financial details of the agreement were not disclosed. However, ...
Intel Corp. (INTC.O) announced on Monday that Chief Engineering Officer Murthy Renduchintala would leave the company on August 3. The semiconductor manufacturing company said that it would reorganize its technology, systems architecture, and ...
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