Global banks and asset managers are opening hedge funds in Asia for the first time since the 2008 financial crisis, putting pressure on smaller firms that are already struggling to hold onto investors.
CGI Group Inc. Chief Executive Officer Michael Roach told investors at a conference two weeks before the debut of the Obamacare website that the contract marked the start of a “long-term relationship” and a “significant growth opportunity.”
UnitedHealth Group Inc., the biggest U.S. health insurer, reported third-quarter sales below analysts’ expectations while declining to raise its profit projections, driving shares down the most in two years.
The U.S. government did final tests of the Obamacare website just days before it went public, while similar projects are tested for months, the main contractors told a House panel investigating flaws that hobbled the debut.
CGI Group Inc., the main contractor for the Obamacare health exchanges, will tell lawmakers today it did nothing wrong and blame another vendor and a federal agency for website flaws hobbling online registration.
Democrats accused Republicans of “another cynical effort to delay” Obamacare as lawmakers today said they were misled that the federal health exchange website was ready to sign up customers starting Oct. 1.