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Federal Court Approves MBF, BUPA Merger
Health insurer MBF Australia Ltd and BUPA Australia Health Pty Ltd have received the green light from the Federal Court of Australia to combine their businesses.On Monday, MBF policyholders voted in favour of the $2.4 billion friendly takeover by BUPA Australia, the domestic arm of the British owned BUPA...
Tags: AAP, Australian Associated Press Pty Ltd., Merger, Policyholder, Mergers & Acquisitions, Insurance, Benefits, Healthcare, Vertical Industries, Investment, Finance, Business Operations, Corporate Insurance, Human Resources, Enterprise Software, Software
News items 2008-05-14
Patriot Pays Big Bucks to Keep Magnum Coal CEO
Patriot Coal named coal industry veteran Paul H. Vining as its president and chief operating officer -- and is going to compensate him handsomely to stick around after it completes its $709 million purchase of privately held rival Magnum Coal, where Vining is currently CEO. But it's...
Tags: Coal, Salary, CEO, Benefits, Human Resources, David Phillips
Blog posts 2008-05-14
Lower Wages Growth May Keep Rates Steady
Slower wages growth has reduced the risk of an interest rate rise, but economists warn Wednesday's data may not paint the full picture of the labour market.The wage price index grew by 0.9 per cent in the three months to March, seasonally adjusted, the first result below one per...
Tags: Economist, Salary, Wages Growth, RBA, Benefits, Human Resources, AAP
News items 2008-05-14
Do Markets Have Morals?
I think markets have blind spots, along with a certain caustic wit. But the Templeton Foundation has been funding research into what you might call the two sides of Adam Smith, melding the free-market capitalism of "The Wealth of Nations" with the moral philosophy of its predecessor, "The Theory...
Tags: Economics, Paul J. Zak, 401(k), Retirement Plans, Benefits, Healthcare, Vertical Industries, Investment, Human Resources, Enterprise Software, Software, Finance, Michael Fitzgerald
Blog posts 2008-05-13
Lower Wages Growth to Keep Rates Steady
Lower than expected wages growth in the early part of 2008 would keep the Reserve Bank of Australia RBA from raising interest rates further, economists say.Overall wages growth in the March quarter was down marginally on the previous quarter.Total hourly rates of pay, excluding bonuses, rose 0.9 per cent...
Tags: Salary, Wages Growth, Benefits, Human Resources, AAP
News items 2008-05-14
NIB Upbeat Despite Medicare Changes
Australia's only listed private health insurer, NIB Holdings Ltd, on Monday confirmed its full year market guidance as the company's share price fell sharply ahead of changes to the Medicare levy surcharge threshold.The federal government on Sunday confirmed it would double the surcharge threshold for singles' annual incomes from...
Tags: Medicare, Health Care, Healthcare, Vertical Industries, Benefits, Enterprise Software, Software, Human Resources, AAP
News items 2008-05-12
Ex-Monster Executive Charged Over Options Scheme
By Martha Graybow NEW YORK (Reuters) - A former chief operating officer at job recruitment Web site Monster Worldwide Inc MNST was charged on Wednesday with securities fraud and conspiracy in connection with an alleged scheme to backdate millions of dollars'...
Tags: Stock options, Investment, Benefits, Monster, federal prosecutor, Monster Worldwide Inc., stock option, stock, New York, Thomson Reuters Corp.
News items 2008-04-30
Good News Not Totally Absent in Healthcare
Medical costs continue to rise much faster than general inflation, the insurance safety net is fraying as health plans and hospitals push the financial burden of being ill back onto the sick themselves, and even people who get their insurance through work have seen their premium contributions rise ten times...
Tags: Hospital, Aetna Inc., Health Care, Healthcare, Vertical Industries, Benefits, Enterprise Software, Software, Human Resources, David P. Hamilton
Blog posts 2008-05-06
The Week That Was in Healthcare
As we start a new week, here's a quick wrapup of important healthcare stories that you might have missed in the week that was: Retail health clinics -- often staffed by non-physicians and set up in big-box retailers or drugstores -- have been touted as one way...
Tags: Program, Patient, Hospital, Health Care, Healthcare, Vertical Industries, Benefits, Data Mining, Enterprise Software, Software, Human Resources, Data Management, David P. Hamilton
Blog posts 2008-05-12
MBF Policyholders Approve BUPA Merger
Health insurer MBF Australia Ltd policyholders have approved a $2.41 billion merger with BUPA Australia.The majority of MBF's 820,000 policyholders who voted were in favour of the takeover by one-time rival BUPA Australia, the domestic arm of British health insurer, BUPA.Of the 820,000 policyholders, 98.33 per cent or 329,605...
Tags: Policyholder, Mergers & Acquisitions, Insurance, Benefits, Vertical Industries, Healthcare, Investment, Finance, Business Operations, Corporate Insurance, Human Resources, Enterprise Software, Software, AAP
News items 2008-05-12
Northern Rock Investors Start Legal Action
LONDON (Reuters UK) - Britain's government "deliberately rigged" compensation terms for shareholders in nationalised bank Northern Rock, a group of investors said on Thursday as they started legal action for a review of the terms. The UK Shareholders Association UKSA said lawyers were set to...
Tags: Shareholder, Compensation, Britain, Investor, Government, Benefits, Financial Accounting, Vertical Industries
News items 2008-05-08
As Hospitals Hit the Skids, Odds of a Healthcare Crisis Rise
It's not just big insurers who are sinking into the swamp these days -- hospitals are slipping as well. And while it's a little early to know for sure, the problems of health plans seem quite likely to make those of hospitals even worse. Yesterday, Tenet Healthcare...
Tags: Patient, Hospital, Tenet Healthcare Corp., Health Care, Nothing, Healthcare, Vertical Industries, Benefits, Enterprise Software, Software, Human Resources, David P. Hamilton
Blog posts 2008-05-07
Aetna's Ron Williams Speaks -- And Actually Says Something
This Fortune interview with Aetna CEO Ron Williams is a few days old, but as it just popped up in my RSS reader, it is, as they say, new to me. Since it's pretty rare to see someone like Williams candidly discuss the health-plan business, its problems and some intriguing...
Tags: Physician, Decision Support, Aetna Inc., Health Care, Dermatologist, Vertical Industries, Benefits, Healthcare, Enterprise Software, Software, Human Resources, David P. Hamilton
Blog posts 2008-05-08
How to Influence People -- and Win Friends
The essence of PQ -- political quotient -- is making things happen through other people. You have to persuade them, sell them on your idea and agenda. The more senior you become, the more of a salesperson you become, spending less time doing things yourself and more time persuading colleagues,...
Tags: Sales Strategy, Government, Benefits, Sales Force Management, Aerospace & Defense, Sales, Human Resources, Manufacturing, Jo Owen
Blog posts 2008-05-13
BlackRock CEO Fink Awarded $41.87 Million in 2007
WASHINGTON (Reuters) - BlackRock Inc BLK Chairman and Chief Executive Laurence Fink received $41.87 million in compensation in 2007, a 27 percent increase from the prior year, according to a regulatory filing on Monday. The pay raise came during a year when the...
Tags: Benefits, BlackRock Inc., compensation, regulatory filing, salary, Washington, Porter five forces, asset management, earnings per share, Thomson Reuters Corp., asset, acquisition, agreement, stock, benefit
News items 2008-04-28
Boeing May Further Delay 787 Deliveries
FRANKFURT (Reuters UK) - Boeing Co. BA has informed customers of another delay on its new 787 Dreamliner model, pushing it to 27 months behind schedule, according to a German newspaper report. The delay would affect deliveries scheduled for 2012, German daily Die Welt reported...
Tags: Airbus, Boeing Co., Delay, Channel Management, Benefits, Financial Accounting, Marketing, Human Resources
News items 2008-05-03
CEO Pay vs. Your Pay
The question is often asked, "Are American CEOs paid too much?" The answer depends on who you ask. European CEOs will often physically blanch when talking about their compensation compared to that of their American counterparts. And American legislators have called for more transparency, though some American analysts counter that...
Tags: Benefits, Michael Mattis, compensation
Blog posts 2008-04-28
More Grangemouth Refinery Talks
LONDON (Reuters UK) - More talks are likely next week between management and workers to resolve a dispute at the Grangemouth refinery that led to a two-day strike this week, a union official said on Thursday. The two-day strike at Grangemouth, which produces 10 percent...
Tags: Strike, Refinery, U.K., Grangemouth, Benefits, Leadership, Human Resources, Management
News items 2008-05-01
Initial Jobless Claims Rise in Latest Week
WASHINGTON (Reuters) - The number of workers filing initial claims for unemployment benefits rose a bigger-than-expected 35,000 last week, and the number of workers remaining on jobless benefits climbed to a four-year high, the Labor Department said on Thursday. Initial claims...
Tags: U.S. Department of Labor, worker, Washington, benefit, Thomson Reuters Corp., analyst
News items 2008-05-01
Google Board Member Targeted by SEC
Google director Ann Mather is facing civil charges by the Securities and Exchange Commission in connection to an options backdating scandal at Pixar, where Mather used to be CFO from 1999 to 2004. In Google's filing, the company disclosed: On April 23, 2008, Ann was advised...
Tags: Google Inc., Board, SEC, Pixar Animation Studios Inc., Director, Stock Options, Corporate Governance, Investment, Benefits, Financial Accounting, Human Resources, Stock Options & Grants, Business Operations, Corporate Law, Finance, Larry Dignan
Blog posts 2008-04-29
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