Tag: Mike Pence

Top U.S. health official: competition key to insurance markets in Humana-Aetna deal; British Pizza Huts are 😋 about their 🆕 menus; and Amazon adds 10th Calif. center

A news summary focused on 10 big employers; updated 5:23 p.m.

Pizza Hut emoji menu
An emoji expert wrote the new menus.

HUMANA: The Obama administration’s top health official highlighted the importance of competition to insurance markets, as the Justice Department is poised to decide on two massive deals among four of the health-plan industry’s biggest players: Humana-Aetna’s $37 billion tie-up, and Anthem-Cigna’s $48 billion. But Health and Human Services Secretary Sylvia Mathews Burwell declined to comment on her department’s view of the two massive deals. “When there is competition, that creates downward price pressure, and it also creates upward quality pressure,” Burwell said in a brief interview in Fort Dodge, Iowa (Bloomberg).

PIZZA HUT: Six British Pizza Huts have unveiled menus written entirely in emojis, all in time for Sunday’s World Emoji Day. “Many of the items look easy enough to translate, with one pizza option including pictures of a tomato, basil plant, a green heart and a mushroom with the vegetarian ‘v’ sign next to it,” says the Daily Mail. “A crown, chicken and drumstick is slightly more obscure.” But if it all gets too difficult for some customers, there’s a traditional menu on hand (Daily Mail). Here’s an English-to-emoji translator.

YUM: Financial news site Seeking Alpha has published a transcript of Yum’s second-quarter conference call with analysts on Wednesday (Seeking Alpha).

AMAZON today disclosed plans to open its 10th California distribution center, in Sacramento. It’s the fourth center the retailer has announced for California alone over the past four months, and is expected to create more than 1,000 full-time jobs (press release). Amazon has more than 120 centers worldwide, including two in the Louisville area with a combined 6,000 employees, in Jeffersonville and Shephardsville.

FORD posted its best first-half for total European vehicle and passenger car sales since 2010, and best commercial vehicle sales since 1993 in its 20 traditional European markets (press release). The company’s philanthropic arm, the Ford Motor Company Fund, said it would award $400,000 in scholarships and grants to support programs encouraging Latino students to graduate from high school (press release).

And the U.S. Postal Service started selling first-class “forever” stamps today that commemorate four pickup trucks, including the 1948 Ford F-1 — the first F-Series truck — and the 1965 Ford F-100:

pr16_056

Ford’s Kentucky Truck Plant employs 5,100 workers, producing F-250 and F-550 Super Duty pickups, plus Expeditions, and Lincoln Navigators.

KFC: In the U.K.’s Plymouth, a 46-year-old man branded “too fat to work” on national television has vowed to chain himself to land set aside for a new KFC, in protest of the plans. Stephen Beer, who once gorged on three takeaways a day and weighed more than 420 lbs, is on a mission to raise awareness of childhood obesity, and says he’s “disgusted” by the thought of more fast-food chains in the city (Plymouth Herald).

In other news, presumptive GOP White House nominee Donald Trump Continue reading “Top U.S. health official: competition key to insurance markets in Humana-Aetna deal; British Pizza Huts are 😋 about their 🆕 menus; and Amazon adds 10th Calif. center”

Roadhouse stock hits new record high; Yum shares climb 3% on second-quarter earnings report; and Trump reportedly picks Indiana’s Pence for VP

A news summary, focused on 10 big employers; updated 5:02 p.m.

Texas Roadhouse vs S&P
Texas Roadhouse stock (blue) outgunned the S&P 500 index over the past year.

TEXAS ROADHOUSE shares traded at a new record high today: $47.33, before closing slightly lower at $47.02, up 36 cents, or less than 1%. The company’s stock is up 24% from a year ago vs. a much smaller 4.2% gain in the broader S&P 500 index.

YUM‘s stock closed moments ago at $88.27 a share, up $2.53, or 3% on a better-than-expected second-quarter earnings report, released after markets closed yesterday afternoon. The fast food restaurant giant also raised its profit outlook for all of 2016 to 17% from an earlier 12%. Shares have been roaring so far this year, jumping 17% vs. a smaller 5% gain in the broader S&P 500 index (Google Finance).

KFC: The Kentucky Fried Chicken Foundation will award $1.2 million in college assistance to 600 hourly restaurant employees across the country this month (Portsmouth Daily Times).

FORD declared a regular quarterly dividend of 15 cents per share, payable Sept. 1 to shareholders of record July 28 (press release). The automaker also said it will release second-quarter financial results at 7 a.m. ET on July 28 (press release). Ford shares closed at $13.59, up 11 cents, or less than 1%. The current dividend yield is generous 4.4%.

AMAZON said it will hold a conference call to discuss its second-quarter results July 28 at 5:30 p.m. ET; the report itself will be released shortly after markets close that day (press release).

Smaller noose

UPS: About 15 people gathered yesterday outside the shipper’s Maumee, Ohio, distribution center to protest two nooses (photo, left) found hanging in the building, after photographs circulated widely on Facebook and Twitter.

“We want justice. We want accountability,” Julian Mack told WTVG. “There’s no place for nooses in Lucas County.”

Company spokeswoman Susan Rosenberg said UPS had confirmed the nooses’ presence, and fired the worker responsible when he arrived for work Tuesday evening. Maumee is 18 miles southwest of Toledo. (Blade and WTVG).

Trump and Pence
Trump and Pence.

In other news, presumptive GOP White House nominee Donald Trump will choose Indiana Gov. Mike Pence as his running mate, multiple media outlets are now reporting, including The New York Times and The Wall Street Journal. The New York billionaire’s choice of Pence had been widely expected in recent days in advance of the start of the Republican National Convention in Cleveland, starting Monday.