Tag Archives: Private

August private payrolls rose by 374,000, missing estimates: ADP

U.S. private employers added back far fewer jobs than expected in August as the Delta variant’s spread began to take its toll on the pace of the labor market’s recovery. Private payrolls rose by 374,000 in August, ADP said in its closely watched monthly report on Wednesday. Consensus economists were looking for private payrolls to grow by 625,000, according to Bloomberg data. In July, private sector jobs increased by 326,000, according to the firm’s revised monthly print.  By sector,… Source link

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July private payrolls rose by 330,000, far short of estimates: ADP

U.S. employers added back fewer jobs than expected in July, with the tepid return of workers capping overall economic growth as the economy struggles to fully emerge from the grips of the COVID-19 pandemic.  Private payrolls increased by 330,000 in July, ADP said in its closely watched monthly report on Wednesday. Consensus economists were looking for a rise of 690,000, according to Bloomberg data. In June, the economy added back 680,000 private payrolls, with this figure revised down from… Source link

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Student loan giant loses another case about private debt discharge in bankruptcy

Student borrowers with certain types of private loans inched closer to being able to discharge that debt in bankruptcy after a New York court ruling. On Thursday, the U.S. Court of Appeals for the Second Circuit sided with student debtor Hilal Homaidan against student loan giant Navient (NAVI), which had argued that private student loans could not be erased under the existing bankruptcy laws. A three-judge panel determined that certain private student loans can be discharged in certain cases… Source link

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Walmart launches private label insulin brand at steep discounts for diabetes patients

Walmart (WMT) is launching the first-ever and only private brand analog insulin, offering a steep discount on the prescription used to control high blood sugar in millions of diabetes patients. The new brand, ReliOn NovoLog, includes analog insulin vials retailing for $72.88 and a FlexPen selling for $85.88, translating to savings of 58% and 75%, respectively, on the current cash price of branded insulin products when not using insurance. According to Walmart, that works out to be savings of… Source link

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Government health care is overtaking private coverage

US President Joe Biden delivers remarks on the American Rescue Plan in the State Dining Room of the White House on May 5, 2021. (Photo by Nicholas Kamm / AFP) (Photo by NICHOLAS KAMM/AFP via Getty Images) A surge in Medicaid enrollment during the coronavirus pandemic is pushing the United States near a momentous tipping point: More people getting health care coverage through a government plan than through the private sector. Here’s the math. A record 80.5 million Americans now get health… Source link

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SpaceX threatened with arrests as local authorities in Texas warn it may have committed a crime by using private security guards to block public roads

SpaceX has had repeated run-ins with local authorities and residents stemming from its spaceport in Boca Chica, Texas. Loren Elliott/Getty Images Texas officials warned SpaceX it might have committed crimes by closing public roads, KGRW reported. In a letter, Cameron County DA Luis Saenz accused SpaceX of knowingly ignoring previous warnings. Saenz called the conduct “unacceptable” and threatened arrests for future violations. Sign up for the 10 Things in Tech daily newsletter. Local authorities… Source link

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Coinbase Announces Proposed Private Offering of $1.25 Billion of Convertible Senior Notes Due 2026

Coinbase Global, Inc. (“Coinbase”) (Nasdaq: COIN) today announced its intention to offer, subject to market conditions and other factors, $1.25 billion aggregate principal amount of Convertible Senior Notes due 2026 (the “notes”) in a private offering (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act of 1933, as amended (the “Securities Act”). Coinbase also expects to grant the initial purchasers of… Source link

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Verizon Selling Yahoo, AOL and Media Assets for $5B to Private Equity Firm Apollo – The Hollywood Reporter

Verizon is exiting the media business. The telecom giant is selling Yahoo, AOL and the remainder of its Verizon Media brands to the private equity firm Apollo Global Management in a $5 billion deal announced Monday. The new company will be called Yahoo and will continue to be run by CEO Guru Gowrappan. Verizon will retain a 10 percent stake in the new company, and LionTree, which served as the lead financial advisor on the transaction, will also be an investor alongside… Source link

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