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BUSINESS BRIEFS.(TO THE POINT)
MEDICAL
Aetna reverses loss with Q2 profit
The No. 3 U.S. HMO earned 32 cents a share, beating views by 7 cents. Last year it lost 67 cents. Results were helped by cost-cutting. But sales fell 23% to $5.1 bil as it continued to drop unprofitable plans. Aetna expects to earn $1.70-$1.75 for 2002. Analysts expected $1.33.
Oxford Health Plan's Q2 profit of 58 cents, with a 17-cent charge, fell 21%. Views were for 70 cents. Revenue rose 10% to $1.22 bil.
AdvancePCS, rivals fall on report
The pharmacy benefits manager fell 14% to 19.36, a 52-week low, after published reports said AdvancePCS is resisting Justice Dept. efforts to read internal e-mail or interview workers. AdvancePCS is in the middle of a federal probe into rebates it got from drug makers. It said it's fighting a "baseless" industry probe. Express Scripts lost 5% and Caremark 3% on the news.
SECURITY
- Sealed Air to Address Investor Conference.
- Press release article from: Business Wire March 26, 2003 700+ words
...March 26, 2003 Sealed Air Corporation (NYSE...participants of the Deutsche Bank Securities 2003 Basic...in a live webcast on Sealed Air's Internet site...s website. Business Sealed Air Corporation is a leading...
- Downsized Loans: More Case Specific than Market-Wide.(Fairpoint and Sealed...
- Newspaper article from: Bank Loan Report Segar, Joseph April 23, 2001 700+ words
...Fairpoint Communications and Sealed Air have also been downsized...caused the Fairpoint and Sealed Air loans to fall short...Fairpoint deal. The Deutsche Bank Alex. Brown-led deal...full $150 million. Sealed Air's difficulty was not...
- Deutsche Bank Appointed as Depositary Bank for the American Depositary Receipt...
- Press release article from: Business Wire March 15, 2004 700+ words
...BUSINESS WIRE)--March 15, 2004 Deutsche Bank today announced its appointment as...Head of Global Equity Services at Deutsche Bank said, "We are very pleased to welcome...Pharmaceutical Technology Company as a client of Deutsche Bank's depositary receipts business...
- Deutsche Bank & Units Ratings Cut; Outlook Negative; Off S&PWatch
- Press release article from: PR Newswire August 26, 1998 700+ words
...and senior unsecured debt ratings of Deutsche Bank AG and related entities (see list...reflects Standard & Poor's view of Deutsche Bank's problems to successfully integrate...program aims to address these issues, Deutsche Bank's former pre-eminent position has...
- Deutsche Bank AG Reaches Agreement to Acquire National Discount Brokers Group,...
- Press release article from: PR Newswire October 12, 2000 700+ words
...Brokerage NEW YORK, Oct. 12 /PRNewswire/ -- Deutsche Bank AG ("Deutsche Bank") and National Discount Brokers Group, Inc...of a definitive merger agreement under which Deutsche Bank will acquire the 84% of the outstanding shares...
- Deutsche Bank Cements Strategic Partnership With AlphaBlox With $33 Million...
- Press release article from: Business Wire September 19, 2000 700+ words
...Sept. 19, 2000 Investment Reinforces Deutsche Bank's Commitment to AlphaBlox's Business...business intelligence applications, and Deutsche Bank (OTC:DTBKY), one of the largest...world, today jointly announced that Deutsche Bank, through its strategic private equity...
- Deutsche Bank Appointed as Successor Depositary Bank for the American...
- Press release article from: Business Wire January 30, 2004 700+ words
...BUSINESS WIRE)--Jan. 30, 2004 Deutsche Bank today announced its appointment as...to welcome Stora Enso as a client of Deutsche Bank's depositary receipts business...Head of Global Equity Services at Deutsche Bank. "Our broad range of customized services...
- Deutsche Bank Closes Acquisition of Berkshire Mortgage Finance Mortgage...
- Press release article from: Business Wire October 22, 2004 700+ words
NEW YORK & BOSTON -- Deutsche Bank and Berkshire Mortgage Finance...closing of the acquisition by Deutsche Bank of substantially all of Berkshire...will be operated under the name Deutsche Bank Berkshire Mortgage as a part...