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Monday, September 24, 2018

Financial Services

UnitedHealth signs firm to sell policies online

BOCA RATON, Fla. – Direct-response marketing firm eBenefits Direct Inc. (Pinksheets: EBFD) is teaming up with UnitedHealthcare to resell its life and health insurance,...

Home loan applications rise for second week

WASHINGTON – U.S. mortgage applications rose a seasonally adjusted 1.1 percent last week, according to a report today from the Mortgage Bankers Association. Applications...

Study: Workers struggle with health benefit terms

WASHINGTON – Many U.S. workers don’t understand how their health coverage works and admit they struggle with even the most basic health care vocabulary,...

Share price lags as RBS chases acquisitions

As Edinburgh-based Royal Bank of Scotland Group Plc battles London-based Barclays Plc for ABN Amro in the largest takeover fight in banking history, RBS...
UNDER THE NEW RATES, Mediaid reimbursements to pharmacies for generic drugs will average 36% less than what the stores pay for the medications, a GAO analysis found. /

Medicaid to slash payments for generic drugs

WASHINGTON – Medicaid, the national health care plan for the poor, will reduce its payments for generic medicines, the U.S. Centers for Medicare and...

Tighter lending may squeeze economic recovery

The nation’s budding economic recovery is in danger as the financing squeeze that began in the subprime mortgage market spreads to other sectors, according...

Bear Stearns debacle exposes market’s biggest fools

A cocky investor can be a market’s biggest patsy.As the value of high-risk mortgages collapse, the huge losers these days won’t be the little...

Bank of America R.I. exec to lead wealth management unit

PROVIDENCE – Bank of America completed its acquisition of U.S. Trust Corp. last Monday, creating U.S. Trust, Bank of America Private Wealth Management, and...

Morgan Stanley fined $250,000 by R.I. DBR

PROVIDENCE – Securities broker Morgan Stanley & Co. Inc., formerly Morgan Stanley DW Inc., has paid a civil penalty of $250,000, the R.I. Department...
FEWER CONTRACTS for existing homes were signed in May than in any month in the past 5 years, the National Association Realtors said this week. (READ MORE) Above, a for sale sign in San Diego lists expensive upgrades, in an attempt to attract prospective buyers. /

Layoff announcements fall 17%

CHICAGO – Corporate layoff announcements nationwide fell to 55,726 last month, 17 percent fewer than in June 2006 and 22 percent fewer than in...
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