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Latest Top (8) News
Northern Oil's Reger named one of most powerful young CEOs Michael Reger, the 35-year-old CEO of Northern Oil & Gas, was named by Forbes magazine as one of "America's Most Powerful CEOs 40 and Under."
Forbes ranked Reger as No. 13 on the list, which was led by Larry Page of Google and Andrew Mason of Groupon.
Reger co-founded Wayzata-based Northern (AMEX: NOG) in 2006 and took over as CEO and chairman of the board in March 2007. He has bachelor's and MBA degrees from the University of St. Thomas in St. Paul.
Northern is an oil and gas exploration company...
Wed, 22 Feb 2012 23:39:40 +0000 Express Scripts sees profit rise 8 percent in 2011 Express Scripts Inc. reported net income of $1.3 billion, up 8 percent from net income of about $1.2 billion in 2010.
The company's revenue rose about 3 percent to $46.1 billion for the year ended Dec. 31, compared with revenue of $45 billion in 2010.
Adjusted claims —which include home delivery, specialty and other claims — of 751.5 million for 2011 were down slightly from 2010. Cash flow from operations of $2.2 billion in 2011, including merger-related costs, was up 4 percent from 2010.
The company’s fourth-quarter net income was $290...
Wed, 22 Feb 2012 23:34:19 +0000 Brownback’s Medicaid reform program lures five insurer bids Five insurance companies have submitted bids to participate in KanCare, Gov. Sam Brownback’s effort to remodel the state’s Medicaid program.
Announced Wednesday, the five are competing for three spots to oversee the program, which seeks to replace the current state-run operation with a private “managed care” model.
The five are WellCare of Kansas, based in Tampa, Fla.; Sunflower State Health Plan, based in Topeka; United Health Care, based in Minneapolis; Coventry Health Care of Kansas, based in Wichita; and Amerigroup, based in Virginia Beach...
Wed, 22 Feb 2012 23:32:46 +0000 Coventry, UnitedHealthcare among firms vying for Kansas’ managed-care contract Two insurance companies with strong ties to Wichita are among those bidding to coordinate the care of Kansans receiving Medicaid services.
Coventry Health Care of Kansas Inc. and UnitedHealthcare are among five companies statewide that submitted proposals.
State lawmakers are weighing a Medicaid-reform proposal that would take much of the payment burden off of the state and transfer it to a private company.
“We are encouraged by such broad interest and quality bidders. We look forward to improving the health outcomes of Kansans with our transformed Medicaid program,” said Jeff Colyer, Kansas’ Lt...
Wed, 22 Feb 2012 23:23:18 +0000 Obama names Benioff campaign co-chair Salesforce.com CEO Marc Benioff has been named one of 27 national co-chairs of President Barack Obama's reelection campaign, the Obama for America office revealed Wednesday.
Benioff, who last year hosted Obama for a $35,800 a plate fundraiser at his San Francisco home, was the only technology company CEO to take one of the posts. Also on the list was California Attorney General and former San Francisco District Attorney Kamala Harris.
Wed, 22 Feb 2012 23:21:05 +0000 Clergy stage Ash Wednesday protest against Wells Fargo Wells Fargo & Co. was hit with an Ash Wednesday protest from clergy demanding that the bank write down principals on underwater mortgages.
The clergy, which represented several Christian denominations, occurred at Wells Fargo's San Francisco headquarters.
The protesters also called on the bank to freeze all mortgages pending an investigation after a San Francisco audit found just about all of 400 foreclosures studied in the city were done under questionable, if not illegal, circumstances.
Click here to read more about the clergy's demands and view photos of the protest.
Wed, 22 Feb 2012 23:17:48 +0000 Heinz launching new smaller Ketchup in March; ending T.G.I. Friday's frozen entrees Consumers can expect to see a new smaller pouch package of H.J. Heinz Co.’s iconic Ketchup hitting stores in the next couple months, but they will soon stop seeing the company’s single serving and multi-serve T.G.I. Friday’s frozen meals.
At an industry meeting in New York, Heinz Chairman, President and CEO William Johnson outlined how the Pittsburgh-based food manufacturer is adjusting to current economic conditions and focusing on innovation, its top brands and emerging markets.
The company has previously talked about introducing smaller products at lower price points to address consumers’ changing idea of value...
Wed, 22 Feb 2012 23:15:05 +0000 Maryland awards $297M Medicaid contract to CSC Maryland's spending board approved Wednesday a $297 million contract with Falls Church-based IT company Computer Sciences Corp. that is expected to improve Maryland’s process for paying tens of millions of dollars in Medicaid claims each month.
The contract with Computer Sciences Corp. (NYSE: CSC) is being hailed by some of the state’s health care leaders as Maryland’s long-awaited move into a new high-tech age for determining the eligibility of the state’s Medicaid members. But the work also will result in the loss of about 80 jobs within the state’s health department...
Michael Reger, the 35-year-old CEO of Northern Oil & Gas, was named by Forbes magazine as one of "America's Most Powerful CEOs 40 and Under."
Forbes ranked Reger as No. 13 on the list, which was led by Larry Page of Google and Andrew Mason of Groupon.
Reger co-founded Wayzata-based Northern (AMEX: NOG) in 2006 and took over as CEO and chairman of the board in March 2007. He has bachelor's and MBA degrees from the University of St. Thomas in St. Paul.
Northern is an oil and gas exploration company...
Express Scripts Inc. reported net income of $1.3 billion, up 8 percent from net income of about $1.2 billion in 2010.
The company's revenue rose about 3 percent to $46.1 billion for the year ended Dec. 31, compared with revenue of $45 billion in 2010.
Adjusted claims —which include home delivery, specialty and other claims — of 751.5 million for 2011 were down slightly from 2010. Cash flow from operations of $2.2 billion in 2011, including merger-related costs, was up 4 percent from 2010.
The company’s fourth-quarter net income was $290...
Salesforce.com CEO Marc Benioff has been named one of 27 national co-chairs of President Barack Obama's reelection campaign, the Obama for America office revealed Wednesday.
Benioff, who last year hosted Obama for a $35,800 a plate fundraiser at his San Francisco home, was the only technology company CEO to take one of the posts. Also on the list was California Attorney General and former San Francisco District Attorney Kamala Harris.
Wells Fargo & Co. was hit with an Ash Wednesday protest from clergy demanding that the bank write down principals on underwater mortgages.
The clergy, which represented several Christian denominations, occurred at Wells Fargo's San Francisco headquarters.
The protesters also called on the bank to freeze all mortgages pending an investigation after a San Francisco audit found just about all of 400 foreclosures studied in the city were done under questionable, if not illegal, circumstances.
Click here to read more about the clergy's demands and view photos of the protest.
Consumers can expect to see a new smaller pouch package of H.J. Heinz Co.’s iconic Ketchup hitting stores in the next couple months, but they will soon stop seeing the company’s single serving and multi-serve T.G.I. Friday’s frozen meals.
At an industry meeting in New York, Heinz Chairman, President and CEO William Johnson outlined how the Pittsburgh-based food manufacturer is adjusting to current economic conditions and focusing on innovation, its top brands and emerging markets.
The company has previously talked about introducing smaller products at lower price points to address consumers’ changing idea of value...