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Lumen Technologies reports fourth quarter 2022 results
Fourth Quarter 2022 Highlights Appointed Kate Johnson as president, chief executive officer, and a member of the company’s Board of Directors Completed the $7.5 billion divestiture of its 20-state ILEC business to Apollo on Oct. 3 Announced an exclusive arrangement for the proposed sale of its EMEA business to Colt Technology Services for $1.8 billion Repurchased 33 million shares of common stock for a total purchase price of $200 million Reported Net Loss of $(3.069) billion for the fourth quarter 2022, which included a non-cash goodwill impairment charge of $3.271 billion, compared to reported Net Income of $508 million for the fourth quarter 2021 Reported diluted loss per share of ($3.08)…
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Decisions by CVS and Optum Panicked Thousands of Their Sickest Patients
NEW YORK — The fear started when a few patients saw their nurses and dietitians posting job searches on LinkedIn. Word spread to Facebook groups, and patients started calling Coram CVS, a major U.S. supplier of the compounded IV nutrients on which they rely for survival. To their dismay, CVS Health confirmed the rumors on June 1: It was closing 36 of the 71 branches of its Coram home infusion business and laying off about 2,000 nurses, dietitians, pharmacists, and other employees. Many of the patients left in the lurch have life-threatening digestive disorders that render them unable to eat or drink. They depend on parenteral nutrition, or PN —…
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New Jersey township’s elected board switches political parties from Democrat to Republican
The overall East Hanover, New Jersey, town council and its mayor plan to drop their affiliation with the Democratic Social gathering and pledge their allegiance to the GOP, according to stories. The New Jersey World, a news web-site that focuses on the Garden State’s political arena, reported that Mayor Joseph Pannullo, Council President Frank DeMaio, Jr., Councilwoman Carolyn Jandoli and Councilmen Brian Brokaw, Sr. and Michael Martorelli will swap their bash affiliation from Democratic to Republican. Periodic table of the components. Qualifications illustration. (iStock) Panullo was elected to workplace in 2007 after unseating then-Republican Mayor William Agnellino. The victor ran as a Democrat, and at the time of his swearing…
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SOTU: Joe Biden’s Economy By the Numbers | Economy
President Joe Biden gives his next Condition of the Union speech Tuesday, predicted to concentration closely on his financial record in excess of the previous two years. And it is anything that he can be very pleased of, with a sound recovery from the coronavirus that was prevalent as he took place of work in January 2021 marked by sturdy work growth and report very low unemployment but also dogged with significant inflation and curiosity prices. Indeed, heading into the speech Biden was greeted with a January positions selection that confirmed 517,000 jobs had been established throughout the month, significantly outpacing estimates and quieting converse of an imminent recession. “You…
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Stocks soar after Powell embraces ‘disinflation’
U.S. shares shut out a unstable session sharply greater Tuesday following Federal Reserve Chair Jerome Powell embraced the existence of disinflation in the financial state through a speech in Washington, D.C. The S&P 500 (^GSPC) soared 1.3{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, though the Dow Jones Industrial Common (^DJI) jumped 265 details, or .7{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. The technological know-how-hefty Nasdaq Composite (^IXIC) highly developed 1.9{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. In an interview with Carlyle Group co-founder David Rubenstein at the Economic Club of Washington, D.C., Tuesday afternoon, Powell claimed the “disinflationary method” in the U.S. overall economy has started, though maintaining that rate hikes will very likely be required to bring inflation again to its 2{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} target. “We will possible require…
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Wholesale Used-Vehicle Prices Increase in January
Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) increased 2.5{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} in January compared to December. The Manheim Used Vehicle Value Index (MUVVI) rose to 224.8, down 12.8{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} from a year ago. January’s increase was driven in part by the seasonal adjustment. The non-adjusted price change in January was an increase of 1.5{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} compared to December, moving the unadjusted average price down 11.0{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} year over year. In January, Manheim Market Report (MMR) values saw price increases that were not typical, culminating in a 1.2{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} total increase in the Three-Year-Old Index over the last four weeks. In January, MMR values are typically little changed. Over the month of January,…
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