Former FBI Director Louis Freeh, who is supervising the wind-down of bankrupt MF Global Holdings Ltd. and oversaw a probe of Pennsylvania State University’s child sex-abuse scandal, was named chairman of his law firm, Pepper Hamilton LLP.
Cigna Corp., the third-biggest U.S. health insurer, rose to its highest value in at least 30 years after announcing a $2.2 billion deal to shift its death-benefit liabilities to Warren Buffett’s Berkshire Hathaway Inc.
Warren Buffett’s Berkshire Hathaway Inc. is taking on as much as $4 billion in liabilities from Cigna Corp. as the third-biggest U.S. health insurer seeks to reduce risk from death-benefits and retirement products.
Allscripts Health Solutions Inc.’s new chief executive officer said the provider of electronic health records should rebound now that it’s no longer up for sale. The shares fell the most in about eight months.
UnitedHealth Group Inc., the biggest U.S. health insurer, increased its 2012 earnings forecast after reporting that first-quarter profit beat analysts’ estimates for higher enrollment and low medical costs.
Health-care providers are unlikely to sustain a stock-market lead over medical plans once the U.S. Supreme Court decides on the Patient Protection and Affordable Care Act, according to Jefferies & Co. analysts.
In 1987, Leah Brown lost an uncle to AIDS. His death left Brown, then a law student at Rutgers University, frustrated and deeply disappointed that drugs to treat the deadly disease were not yet available. The stinging memory of losing her “very best friend” stuck with Brown, inspiring the contract research company she founded 18 years later, in 2005, to assist in medical research and the development of new drugs.