Money
Associated Press/Photo by Matt Rourke, file

Dollars and Sense: Economy, markets continue dispensing good news

Money
by Warren Cole Smith
Posted 6/29/15, 11:15 am

Healthy jumps. The U.S. Supreme Court ruling upholding a key provision of the Affordable Care Act and lots of merger and acquisition (M&A) news in the healthcare sector caused it to surge last week. Cigna, Anthem, Humana, and Aetna are among the healthcare companies in the midst of merger and acquisition talks.

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Associated Press/Photo by Shizuo Kambayashi

Rescue rebuke

Money | Court agrees the government went too far in its 2008 AIG bailout
by David Skeel
Posted 6/26/15, 01:00 am

A federal judge recently handed down a very odd ruling in one of the few serious legal challenges to the massive bailouts of 2008 and 2009. Shareholders of AIG, the giant insurance company that collapsed in September 2008, sued the U.S. government, arguing the government illegally took control of the company when it bailed out AIG. Judge Thomas C. Wheeler of the U.S. Court of Federal Claims agreed but said the shareholders were not entitled to recover any damages.

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Associated Press/Photo by Virginia Mayo

Dollars and Sense: Markets brace for Greek impact

Money
by Warren Cole Smith
Posted 6/22/15, 09:18 am

No fed action—for now. The Federal Reserve met on Tuesday and Wednesday and decided that even though the economy is getting better, it’s still too early to raise interest rates. What about July or August? I don’t make predictions. But predicting the Fed’s behavior is a cottage industry, and I can say that others believe the rate hike won’t come until September. A survey of economists by Reuters said a small majority of those queried believe we’ll see a rate hike in September, and one more by the end of the year.

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