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NEW YORK (Reuters) - Hedge fund billionaire John Paulson's firm took a stake in Citigroup C, while cutting holdings in Bank of America BAC and its interest in Goldman Sachs GS, according to a regulatory filing on Friday.Paulson, whose firm Paulson & Co bet against financial companies and the housing...
BloggingStocks: From TheStreet.com Network
Ariad Upgraded, Xenoport Drug Delayed: BioBuzz
Holiday Deals Heat Up at Big Retailers
TheStreet.com's Jim Cramer says the Senate is filled with more-savvy politicians, and the upside for beaten-down names is huge. ... Read more
BloggingStocks: Here are some highlights from last week's earnings coverage from BloggingStocks:
Activision Blizzard Inc. (NASDAQ: ATVI) said its Q3 profit declined despite the popularity of Guitar Hero.
Blackboard Inc. (NASDAQ: BBBB) said Q3 revenue surged ... Read more
The health insurance stocks listed below may experience some extra volatility this week, as President Obama is scheduled to address the nation about health care reform on Wednesday, September 9.
After months of speeches, interviews and town hall meetings, this Wednesday, the President will tell Congress and the American people something they haven't heard before: exactly what he wants to see in health care reform. As White House Press Secretary Robert Gibbs told the press, "people will leave that speech knowing where he stands." That may answer whether President Obama will insist on the controversial "public option," a government-provided health insurance alternative. The White House was still avoiding directly answering that question today. "He believes the public option is a good tool," White House adviser David Axelrod said today. "It shouldn't define the whole health care debate, however." A September 15 deadline for a bipartisan deal on health care reform is looming. The deadline was set by Democratic Senator Max Baucus of Montana, the chairman of the Senate Finance Committee. Six members of the committee - three Democrats and three Republicans - have been trying to negotiate a bipartisan health reform bill. However, Baucus has said he would pull the plug on the talks "around September 15." Presidential aides have promised Obama will take back the reins after allowing Congress to work its will on his idea, without one specific plan for Democratic lawmakers to defend back home. We’re entering a new season,” senior adviser David Axelrod said in an interview Tuesday. “It’s time to synthesize and harmonize these strands and get this done. We’re confident that we can do that. But obviously it is a different phase. We’re going to approach it in a different way. The president is going to be very active.”
“We have been saying all along that the most important part of this debate is not the public option, but rather ensuring choice and competition,” an aide said. “There are lots of different ways to get there.”
Some of the stocks to keep an eye on include:
Aetna Inc. (NYSE:AET) UnitedHealth Group Inc. (NYSE:UNH) Health Net, Inc. (NYSE:HNT)WellPoint, Inc. (NYSE:WLP) Humana Inc. (NYSE:HUM)CIGNA Corporation (NYSE:CI)WellCare Health Plans, Inc. (NYSE:WCG)Coventry Health Care, Inc. (NYSE:CVH)Health Net, Inc. (NYSE:HNT)
BloggingStocks: While the debate over health care reform rages on, hospital operator Tenet Healthcare Corp. (NYSE: THC) said Tuesday it swung to a loss in the third quarter, one day after health insurer Humana Inc. (NYSE: HUM) posted a 65% jump in its third-quarter ... Read more
Humana Inc. (HUM) reported third-quarter earnings of $1.78 per share, in line with the Zacks Consensus Estimate. Results were helped by strong earnings from the Government segment, partially offset by weakness in the Commercial segment.
Total revenues were $7.70 billion, up 8.5% from the year-ago quarter, with total premium and administrative service fees rising 7% from [...]