Humana shares soar on report of possible sale

Humana shares soar on report of possible saleThe front entrance to the Humana building in Louisville, Ky.(Photo: Alton Strupp/The Courier-Journal)Humana (HUM) shares soared to record heights Friday afternoon on speculation that the company, one of the nation’s biggest health insurers, might be up for sale.Analysts have been discussing for a few weeks the possibility that large health insurers flush with cash may be hunting for a big acquisition. Deal-friendly low interest rates and expectations for another wave of consolidation also are fueling the speculation.The Wall Street Journal reported Friday that Humana is considering a sale and has received takeover interest.A Humana spokesman did not immediately return a call from The Associated Press seeking comment.Louisville, Ky.-based Humana is the second-largest provider of Medicare Advantage plans, which are seen as a key source of future growth for insurers. Enrollment has already grown briskly the past several years for these privately-run, federally-funded versions of the Medicare program for people over age 65 and the disabled.That’s expected to continue as Baby Boomers become eligible for the coverage and as more companies drop retiree health benefits. The health care overhaul has chopped funding for these plans, but the worst of that has passed, and analysts see much less uncertainty in the future for the coverage.Plus insurers are gaining a better understanding of the health care overhaul, the massive federal law that has helped provide coverage for millions. They are learning that scale matters in terms of gaining negotiating leverage for rates over care providers.”There’s got to be another wave of consolidation that occurs, and our view is that Humana would either be the first to go or be one of the first to actually make an acquisition themselves,” said Thomas Carroll, who covers the industry for the investment bank Stifel.Shares of Humana soared nearly 19% to $212.49 in late afternoon trading while broader indexes slipped.After rising almost 70% in just the past year, Humana shares saw the biggest jump in dollar value in company history following the Journal’s report Friday. There were three only other instances in company history where the percentage jump was greater.TheStreet's Jim Cramer answers your Twitter questions about Blackstone (BX), Twitter (TWTR), and other stocks from the floor of the New York Stock Exchange. NewslookThe economy hasn’t fully recovered since its slowdown during first-quarter, one economist said. First-quarter gross domestic product fell 0.7 percent, the Commerce Department said on Friday. The StreetDouglas McIntyre of 24/7 Wall Street talks about the states in America with the lowest rate of unemployment. Michael MondayWorried that their reputations will be tarnished by their links to FIFA, major sponsors are demanding that soccer's global governing body clean up its act, with Visa even warning it is prepared to jump ship. (May 28) APThe "Hyperloop," a hypothetical high-speed transportation system that could shuttle people between Los Angeles and San Francisco in only 30 minutes, just sped a bit closer to reality. First proposed in 2013 by billionaire entrepreneur Elon Musk, CE WochitFive months after filing for bankruptcy, SkyMall is coming back. TC Newman (@PurpleTCNewman) shows you some of the quirky items found in the catalog returning to an airplane seat pocket near you. Buzz60The buzz at Google I/O was the next development of its Cardboard VR viewing device and Google's partnership with GoPro, whose camera sets will record VR-ready videos. Chris Wiggins for USA TODAYAmazon (AMZN) is offering free same-day shipping for its Prime subscribers in some of its key markets. The e-commerce giant said the service will be available without a fee for a limited time. The StreetJuan Benitez, chief technology officer at Braintree, and Bloomberg's Cory Johnson discuss Google's upgrades to Android announced today at Google I/O. BloombergThe 12-nation conglomerate's long-term strategy report, shown to Reuters in advance of a June summit, shows OPEC thinks no one plans to slow oil production. TimeShares of data storage company Western Digital (WDC) ended Thursday's trading day up 5 percent, making it TheStreet's Move of the Day. Goldman Sachs upgraded the stock to BUY from NEUTRAL and raised its price target to $122 from $106. NewslookA new study says Netflix accounts for about 37 percent of North American Internet traffic during peak hours. Video provided by Newsy NewslookSuccess is life on your own terms and Hollywood lawyer Jeff Cohen says his book The Dealmaker’s Ten Commandments is a methodology for figuring out what the terms are for yourself and then getting them. 'This is not necessarily a feel good book,' s NewslookFCC Chairman Tom Wheeler wants to include stand-alone Internet services in the Lifeline subsidy program for low-income families. Video provided by Newsy NewslookUSA TODAY's innagural Entrepeneur of the Year award goes to Matt Ehrlichman the CEO of USA TODAYExperienced investors are probably eager to show Millennials a thing or two – since they’ve been enjoying some beginner’s luck. USA TODAYThe construction industry is looking at steady growth this year due to banks making more loans and bonds available for the industry’s market. The StreetChipmaker Avago Technologies (AVGO) said it agreed to acquire rival Broadcom (BRCM) for $37 billion in cash and stock. The deal values the combined company at $77 billion. NewslookForbes named The World's 100 Most Powerful Women for 2015. Mara Montalbano (@maramontalbano) tells us who's in charge. Buzz60General Motors will be offering Android and Apple systems in many of its 2016 cars. Other automakers are expected to follow suit. (May 27) APGillian Pensavalle (@GillianWithaG) tells you the least stressful jobs in America. Buzz60After a year in second place, Apple bumps Google out of the way to nab first place in brand value. Noting the success of the iPhone and Apple Watch, the Apple brand is nearly $250 billion. Brett Larson breaks down the numbers. Buzz60Tracy Morgan has settled his lawsuit against Wal-Mart over a highway crash that killed one man and left Morgan and two friends seriously injured. USA TODAYUSA TODAY's Matt Krantz shares insight on stocks that may soar when the market inevitibly crashes. USA TODAYCrude dips below $58 ahead of Thursday's EIA Inventory data. Mike McPartland of McNamara Securities tells TheStreet's Jill Malandrino crude has mostly been more of a technical trade around the U.S. dollar rather than underlying fundamentals. NewslookReynolds American Inc. (RAI) and Lorillard Inc. (LO) were granted approval late Tuesday by the Federal Trade Commission to complete the previously announced $27.4 billion merger. NewslookLow oil prices will last for several more quarters and there will be massive changes in the oil patch that will accompany this very slow recovery. NewslookRe/Code gets acquired by Vox Media. But what's that mean for Re/Code consumers? Well, not much. Video provided by Newsy NewslookA small brewery in Maine is part of an explosion of local breweries that see their mission as catering to their home base rather than developing into a big business. (May 27) APOn Wednesday, May 27 we keep an eye on six companies that are scheduled to report their quarterly financial results as well as a couple of economic data to watch on Wall Street. NewslookTwitter is reportedly in talks to buy Flipboard. Here's why the acquisition makes sense for both companies. Video provided by Newsy NewsyIRS says thieves used online agency service to get access to 100,000 tax returns. (May 26) APKeep an eye on shares of Workday Inc (WDAY) in Wednesday's trading session. The stock may be on the move following the company's latest quarterly earnings release. Workday also issued its second quarter revenue outlook. NewslookAmerican manufacturer Ford announced the opening of two sales offices in Morocco, in Casablanca and Tanger (north), an implantation that would allow it to strengthen its presence on the North African market. Video provided by AFP NewslookUSA TODAYS Roger Yu talks about Charter Communications deal to purchase Time Warner Cable. USA TODAYCharter Communications is buying Time Warner Cable for $55.33 billion, creating another U.S. TV and Internet giant. (May 26) APWith Mad Men coming to an end, we decided to check TheStreet Ratings for advertising companies that could be good investments. The U.S. remains the leader in the global advertising market. It is projected that marketers in the U.S. will spend close The StreetUSA TODAY’s Chris Woodyard demonstrates the new Android Auto system in the Hyundai Sonata. Android Auto brings the functions of the mobile phone into the automobile. Video produced by Robert Hanashiro, USA TODAY After four days of testing outside of Baltimore with experts from, USA Today and "MotorWeek" as well as a real-life family, here's a video on how each car performed: USA TODAYTheStreet’s Jim Cramer answers your Twitter questions from the floor of the New York Stock Exchange. Jim tackles a question on how to play the upcoming Ebay(EBAY) and Paypal split. NewslookShares of Foot Locker (FL) are higher on Friday after the specialty athletic retailer reported first quarter earnings that topped expectations. Foot Locker posted earnings that rose to $184 million, or $1.29 a share. NewslookShares of Deere (DE) were rising on Friday following the farming equipment maker's better-than-expected quarterly earnings. Although Deere's second-quarter profit fell nearly 30% year-over-year to $690.5 million, or $2.03 a share, it still topped an NewslookShares of Campbell Soup (CPB) are trading higher on Friday after reporting adjusted earnings that beat analysts' expectations. Campbell said it earned $182 million in the quarter, down from $184 million a year ago. Excluding special items, earnings NewslookIn Friday's Analysts' Actions, we highlight higher price targets on Internet video streaming service Netflix Inc (NFLX) and biopharmaceutical company ZS Pharma (ZSPH), while global apparel retailer Gap Inc (GPS) gets hit with some negative notes. NewslookA South Korean court on Friday suspended the prison term of a former Korean Air executive whose onboard "nut rage" tantrum delayed a flight last year, immediately ending her incarceration. (May 22) APAn oil spill along the Santa Barbara coast triggers a state of emergency. TimeCareer Expert Roy Cohen says there are some things your boss never wants to hear, and the worst three things are 'I quit,' 'I'm pregnant,' and 'I'm bored.' NewslookAmerica’s Markets with David Craig. Shopify is riding high up 51% after its IPO. But at the same time Etsy is reeling, now down 42% after a massive gain following their own IPO. Michael MondayThe S&P 500 closed at a new record Thursday as oil prices surged. Crude saw its biggest one-day rally in a month, climbing 3 perccent to over $60 a barrel. Transocean (RIG) was among the best performers on the S&P 500 after settling with BP (BP) ove NewslookSummer is starting, but thanks to Netflix you may want to spend the beginning of the season holed up inside and glued to your couch. But also, the streaming service is hooking audiences up with an awesome new slate of movies and TV shows. WochitJim Cramer, portfolio manager for Action Alerts Plus discusses recent position changes made to the portfolio. Jim says he took a new position in Starwood Hotels (HOT) and others. NewslookRebalancing a portfolio once a year is more than enough because the point is to manage risk not widely outperform a benchmark, said Judith Ward, senior financial planner at T. Rowe Price. The StreetYahoo's CEO explains what her long-term plan was when she brought on the TV news anchor. TimeFortune's Michal Lev-Ram breaks down why the Comcast-Time Warner Cable merger failed. TimeFortune's Beth Kowitt discusses the changing landscape of grocery shopping and the impact it has on pre-packaged food. TimeMatt Granite shows you how to get the most out of personal wardrobe shopping websites. VPCTen CEOs of companies in the Standard & Poor’s 500, including most notably Jeff Bezos of but also Mark Zuckerberg of Facebook and Lawrence Page of Google scored paper gains of 14B. WochitHundreds of protesters calling for $15 an hour marched to McDonald's headquarters in Oak Brook, IL ahead of the company's annual shareholder meeting. (May 20) APWorkers and volunteers continued to clean up an estimated 21,000 gallons of oil that leaked into the Pacific Ocean and onto beaches north of Santa Barbara. An oil pipeline ruptured Tuesday May 19. Video by Robert Hanashiro, USA TODAY Robert Hanashiro, USA TODAYFireEye, a California-based computer security company, has offices worldwide that track attacks and intrusions. USA Today's Elizabeth Weise recently visited its Singapore offices, where she learned that bank attacks are on the rise. Elizabeth WeiseWatch master barbers put popular razors to the test to find out which gives the best shave while saving you money. VPCEver since airlines instituted fees in 2008 for checked bags, passengers have tried anything to avoid paying the extra for a flight. That usually means stuffing everything possible into a carry-on bag that won't fit into cramped overhead bins. (May APTakata airbags are believed to be the cause of five deaths in the U.S. The faulty airbags can launch shrapnel at dangerous speeds if deployed. TimePlaintiffs in the 2010 Gulf oil spill have reached a $211 million settlement with the owner of the rig involved in the environmental disaster. USA TODAYUS and British regulators fined six major global banks nearly $6 billion Wednesday for rigging the foreign exchange market and Libor interest rates. Duration: 01:14 Video provided by AFP NewslookAmericas Markets pays tribute to David Letterman with it’s own top ten list. Adam Shell gives us the top ten keys for stocks. Michael MondayTrademark holders have until the end of May before someone else has the right to buy their name with the unflattering domain. TimeAn influx of Greek yogurt into supermarket aisles from General Mills and Dannon has sent execs at category king Chobani off to find new ways for people to consume its brand. Their solution may be a retail operation of their own. NewslookWhat are the fastest-growing big companies? It’s not just a trivia question. You can score big gains from knowing the answer. There are eight stocks in the Standard & Poor’s 500, including specialty drugmaker Actavis, homebuilder DR Horton, and WochitConsumer advocates are pushing for meat labels that list where animals are born, raised and slaughtered. Mexico and Canada argue the rule violates international trade laws. VPCMemorial Day weekend provides plenty of opportunity both for fun and for travel headaches. Lindsey Granger has tips to keep you on track while you bring in the warm weather. Buzz60Swiss banking giant UBS agreed Wednesday to pay $545 million to settle a probe by U.S. authorities into its role in manipulating interest and currency rates. In a statement, the bank said it agreed to plead guilty to one count of wire fraud. WochitDriven by the demand for effective treatments and new cures, biotech is one of the hottest investment areas today. There has even been speculation of a biotech bubble. NewslookLandscapers are finding no shortage of orders when it comes to homeowners wanting to paint their lawns green in drought-stricken areas of California. VPCBlue Bell announced it will close 14 distribution centers and lay off 1,400 employees, which amounts to 37 percent of their workforce. The cutbacks stem from Blue Bell stopping production and recalling all of its products due to a listeria outbreak. VPCUSA Today's Matt Krantz looks at 7 of the most volitile stocks in the market that have taken investors for a wild ride in this edition of America's Markets. The U.S. dollar's gain, for some, is causing pain. Its strength is adding problems for U.S. exporters and is giving a lift to importers. The wild currency fluctuations seen recently around the globe are leaving many wary of what might come next. (Ma APAbercrombie & Kent says it already sold out its tour that takes guests around the world on a private jet. Mara Montalbano (@maramontalbano) shows us what we'll be missing. Buzz60The company's high-end Model S is already drawing criticism, before reviewers even get behind the wheel. Mainly, because they can't. TimeUSA Today's Matt Krantz discusses the bleak outlook for retail stocks this week in this edition of America's Markets. USA TODAYHotels, resorts, and cruises can be risky investments, but there are still companies in the industry that can be good buys. With the economy doing better, people have more disposable income to spend on luxuries. The StreetThe number of stem cell clinics across the U.S. has surged. There are high hopes that the cells will lead to major medical advances, but critics say entrepreneurs are treating patients with little or no evidence that what they do is effective. APA record number of travelers are expected to take to the skies this summer thanks to a rebounding economy. (May 18) APDouglas McIntyre of 24/7 Wall Street talks about the stores visited most in America. Michael MondayFor the week of May 18, we outline the key earnings reports and economic data to keep an eye on. It's another action packed line-up on the earnings front. NewslookSpeaking at The George Washington University's commencement ceremony, Apple CEO Tim Cook warned new graduates against sitting on the sidelines and listening to cynics. VPCThe show's head writers debate whether or not the commanding character would score a spot on the Most Powerful Women list. TimeEnvironmental activists in kayaks and boats launched in Elliott Bay on Saturday afternoon for another protest over Shell's giant Arctic oil drilling rig. KINGGary Karczewski, 65, is veteran Chicago cab driver that has seen the value of his taxi medallion plummet dramatically over the last two years, and it seems like ride-sharing companies are to blame. VPCCopyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>