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8 hours ago

Aetna agrees to pay $37 billion for Humana.

  The US’s second largest health insurer will transfer cash and stocks for its smaller rival, representing a 23% premium on Thursday’s stock price close. Aetna’s acquisition was likely driven by the growing number of elderly residents in the US, an area it sees as a potential growth market.  
6 hours ago

Things look up in the euro zone.

  Markit’s composite purchasing managers’ index, which measures both the service and manufacturing sectors, rose to 54.2 in June, from 53.6 in May, further above the 50 level that separates expansion from contraction. That rise brought the quarterly average to a four-year high, and may suggest the European Central Bank’s stimulus measures are working.
6 hours ago

Qantas announces a bonus scheme following wage freezes.

  Up to 28,000 employees of the Australian airline will receive a 5% bonus after having their salaries frozen as part of a A$2 billion ($1.5 billion) cost-cutting plan. Qantas said much of its savings have already been achieved, amid lower fuel costs and weaker competition.
6 hours ago
Chart of the Moment

What the hell happened to the price of ground beef?

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