LOUISVILLE, Ky. - Humana Inc . (NYSE: NYSE:HUM), a health insurance company, has announced the pricing of its public offering of senior notes totaling $2.25 billion. The offering is divided into two tranches: $1.25 billion in 5.375 percent senior notes due 2031 and $1 billion in 5.750 percent senior notes due 2054. The transaction is...
ST. PAUL – Patterson Companies, Inc. (NASDAQ:PDCO), a provider of products and solutions to dental and animal health markets, has announced a new share repurchase program. The Board of Directors approved the buyback of up to $500 million of the company\'s common stock, set to continue through March 16, 2027. This new repurchase authorization replaces...
HICKSVILLE, N.Y. - New York Community Bancorp , Inc. (NYSE: NYSE:NYCB), parent company of Flagstar Bank, N.A., has announced the completion of a significant equity investment totaling approximately $1.05 billion. The investment comes from a group of strategic investors including Liberty Strategic Capital, funds managed by Hudson (NYSE:HUD) Bay Capital Management, funds managed by Reverence...
By Jonathan Stempel NEW YORK (Reuters) -Walgreens has settled charges by New York Attorney General Letitia James that it grossly inflated prices on at least 20 infant formula products after a recall by Abbott Labs (NYSE:ABT) led to a nationwide shortage in early 2022. The largest U.S. pharmacy chain did not admit or deny wrongdoing...
By Marc Jones LONDON (Reuters) -Paris\' \"lean\" Olympics are unlikely to do any lasting damage to France\'s finances, thanks to 95% of its venues either already being built or needing only minor refurbishment, credit rating agency S&P Global estimated in a report on Monday. The near 9 billion euro, or $10 billion, budget to host...
-- J.P. Morgan analysts encouraged investors to adopt a defensive stance towards stock markets, citing \"early signs of exhaustion” in a recent risk-on rally and the growing risk of a sharp correction in equities. While analysts noted that investor optimism remained high over a “better-than-goldilocks” outcome for the economy, market positioning now appeared skewed towards...
By David Shepardson WASHINGTON (Reuters) -U.S. District Judge Adrienne Nelson on Monday set Aug. 26 as the start of a hearing on the Federal Trade Commission\'s bid for a preliminary injunction to block supermarket chain Kroger (NYSE:KR)\'s $24.6 billion deal to buy smaller rival Albertsons (NYSE:ACI). The FTC sued last month to block the deal...
(Reuters) -Blackwells Capital said on Monday Walt Disney (NYSE:DIS) failed to tell shareholders that ValueAct Capital Management had invested more than $350 million of the U.S. entertainment giant\'s pension fund assets, creating a conflict of interest. \"ValueAct\'s management of Disney\'s pension funds is not disclosed anywhere in any of the referenced communications,\" Blackwells Chief Investment...
By David Shepardson WASHINGTON (Reuters) -U.S. Transportation Secretary Pete Buttigieg said on Monday he expected Boeing (NYSE:BA) to cooperate in investigations by the Justice Department and National Transportation Safety Board into the Alaska Airlines 737 MAX 9 mid-air emergency on Jan. 5. \"We respect the independence of DOJ and NTSB doing their own work, but...
(Reuters) -New York Community Bancorp (NASDAQ:CTBI) said on Monday it had closed the $1 billion capital infusion deal that was agreed last week with an investor group and plans to submit one-for-three reverse stock split of its common stock to shareholders. Joseph Otting, former Comptroller of the Currency in the Donald Trump administration, was named...