A news summary, focused on big employers; updated 8:23 a.m.
HUMANA: The U.S. Justice Department’s muscular anti-trust reviews in airline and other industries “suggests a tough battle ahead” for Aetna’s pending $34 billion takeover of Humana, and Anthem’s takeover of Cigna (Bloomberg). Aetna’s CEO last week said he expects their deal to close during the year’s second half.
PIZZA HUT employees in the U.K. celebrated their Leicester City Football Club’s unlikely victory over Tottenham in the Premier League championships in one of the most bizarre ways possible: 12 of them legally changed their names to those of club members (Telegraph). How crazy are Leicester fans? Watch this video. Note: It’s “football” there and “soccer” here.
In other news, Moody’s Investors Service has lowered its rating on the University of Louisville Foundation’s bonds, citing investment losses that have cut into the foundation’s endowment (WDRB); more about the foundation.
Finally, U.S. stock futures inched higher an hour before the opening bell, with investors hesitant to make major moves ahead of a speech by Federal Reserve Chairwoman Janet Yellen and a long holiday weekend (MarketWatch). The 11 big employers in Boulevard’s Stock Portfolio mostly closed lower yesterday.