Investing.com -- Shares of Humana surged 16.5% on Thursday, while rival Alignment Healthcare tumbled over 20%, after newly released Medicare Advantage Star Ratings revealed sharp reversals in ratings for the two insurers.
Humana's largest Medicare Advantage contract recovered to 4 stars from 3.5 stars in the 2027 ratings published by the Centers for Medicare & Medicaid Services (CMS) on October 8. The improvement restores... (continue reading...)
Investing.com -- Calix Inc (NYSE: CALX) shares rose 4.8% in after-hours trading Thursday following the company's announcement that its board of directors authorized an additional $100 million for its stock repurchase program.
The expanded authorization is designed to provide the company with greater flexibility to continue its capital allocation approach, according to a company statement.
Under the repurchase program, Calix can make purchases through various methods,... (continue reading...)
Investing.com -- Shares of major U.S. telecommunications companies took a sharp hit in after-hours trading Thursday after SpaceX announced a definitive agreement to acquire a nationwide 800 MHz spectrum portfolio from Grain Management.
The acquisition paves the way for SpaceX’s Starlink Mobile to deploy a hybrid satellite-and-terrestrial network, positioning the aerospace company as a formidable, direct competitor to legacy wireless providers. Following the... (continue reading...)
Investing.com -- Gap Inc. has framed the departure of Athleta’s top executive as a strategic turning point, signaling plans to reset the struggling activewear brand as it continues to drag on the retailer’s broader turnaround. According to internal communications reviewed by Bloomberg, Chief Executive Officer Richard Dickson informed staff that the leadership change offers an opportunity to rebuild the division's growth path, even as he cautioned that revitalizing the... (continue reading...)
Investing.com -- Walt Disney Company (NYSE: DIS) is pitching rival Hollywood studios on joining its new premium large-format theater initiative, seeking to turn its recently launched Infinity Vision brand into an industry-wide standard capable of challenging Imax Corp's (F: IMX) dominant position in high-margin cinema experiences. The media giant has held preliminary discussions with Paramount Pictures, Universal Pictures, Lionsgate Studios, and Sony Pictures... (continue reading...)
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