Insurance industry
Over 1.6 million Scottish Widows members are awaiting large windfalls from the company's recent takeover by Lloyds TSB, with checks of up to £10,000 expected to arrive over the next two weeks. Meanwhile, Wal-Mart has reportedly set its sights on a £6 billion takeover of high
Insurance industry
In today's digital age, having access to reliable health care information is more crucial than ever. Fortunately, online resources have made it easier than ever to stay informed about various health issues, diseases, and developments. The Mayo Clinic's Health Oasis website, for instance, provides a user-friendly
Insurance industry
The Health Care Financing Administration is poised to introduce the first-ever criteria for coverage of new technologies and services under Medicare, with the aim of clarifying the "reasonable and necessary" standard for reimbursement. This move has raised hopes among technology industry executives for standardization and consistency in coverage
Insurance industry
On August 1, 2000, Career Education Corporation, Cousins Properties Incorporated, The Liberty Corporation, Community Health Systems, Inc., and Z-Tel Technologies, Inc. will broadcast their quarterly results conference calls via the Internet, streamlining investor communication and analysis. This move is facilitated by Investor Broadcast Network (IBN), the leading provider of real-time
Insurance industry
Business editors and hi-tech writers take note as a group of prominent companies, including RenaissanceRe Holdings, Ltd., ActivCard S.A., and Innkeepers USA Trust, will broadcast their investor communication conference calls over the internet. This marks an innovative approach to investor relations, offering real-time access to corporate executives and industry
Insurance industry
Aetna Inc.'s shareholders are bracing for a second-quarter earnings miss as rising health costs put pressure on the company's profit margins. The health insurer's forecast of 85-95 cents per share falls short of the predicted $1.20. This decline is largely attributed to increased
Insurance industry
As the retail landscape continues to evolve, major companies are engaging in significant deals that will impact the industry. In one notable development, Cost Less Home Store, a division of Lechters Inc., is set to open a new location in Whitehall Township, Pennsylvania. The store will offer a wide selection
Insurance industry
Standard & Poor's today lowered its ratings on Reliance Group Holdings Inc. and its members, placing them on CreditWatch with developing implications. The action comes as the company faces increasing concerns over its ability to refinance approximately $500 million in debt obligations, which are maturing in August and
Commercial banks
The Commonwealth Bank of Australia Ltd has selected global e-business services firm EDS to manage the integration of its technology services following the merger with Colonial Ltd. Russell Scrimshaw, head of technology, operations, and property at the Commonwealth Bank, emphasized the importance of system integration in the merger's
Commercial banks
Commerzbank, Germany's fourth-largest commercial bank, is set to discuss its merger talks with Dresdner Bank, its potential partner in a three-way tie-up involving Allianz, the insurance group. Despite agreement being some way off, the supervisory board of Commerzbank will receive a verbal report on the talks' progress
Insurance industry
The Commonwealth Bank of Australia has chosen EDS to help manage the integration of technology services and e-business capabilities resulting from the bank's merger with Colonial Limited. The existing IT outsourcing contract between the Commonwealth Bank and EDS will be expanded to include the Colonial IT expenditure, adding
Insurance industry
Standard & Poor's lowered its ratings on Reliance Group Holdings Inc. and its subsidiaries due to increasing concerns that the company will fail to refinance $500 million in debt obligations maturing in August and November of this year. The company's divestiture of key businesses and retention
