A deal tonight that touches the live of every single American Health care. Anthem says its buying rival cigna for 250 million. The deal comes just weeks after aetna says it wants to buy humana quickly altering the landscape to five major insurance carriers to just three, assuming the announced deals get regulatory approval. Both anthem and cigna saw their shares lower in trading. The wave of consolidation is raising a number of questions about the power of these companies, competition and costs per patient. Reporter anthem and cigna say together theyll be able to cut out more than 2 billion in overhead costs and ultimately that will be good for consumers. It will improve our ability to serve customers across commercial medicaid medicare and International Markets and create greater efficiencies and affordability for our customers. Reporter the sheer scale of the 54 billion merger will attract regulatory scrutiny. The combined company will have more than 50 million members, covering 1 in
A deal tonight that touches the live of every single American Health care. Anthem says its buying rival cigna for 250 million. The deal comes just weeks after aetna says it wants to buy humana quickly altering the landscape to five major insurance carriers to just three, assuming the announced deals get regulatory approval. Both anthem and cigna saw their shares lower in trading. The wave of consolidation is raising a number of questions about the power of these companies, competition and costs per patient. Reporter anthem and cigna say together theyll be able to cut out more than 2 billion in overhead costs and ultimately that will be good for consumers. It will improve our ability to serve customers across commercial medicaid medicare and International Markets and create greater efficiencies and affordability for our customers. Reporter the sheer scale of the 54 billion merger will attract regulatory scrutiny. The combined company will have more than 50 million members, covering 1 in
Shanghai index was off 8 1 2 our time. That is the worst performance since 2007. Chinese regulators investing with the market. Investors losing confidence that china cant maintain its market that of course would set off a Ripple Effect through global economies. We saw action in the price of oil, falling on expectations of weaker demand and oversupply issues. What i found interesting so many house hole names do significant business in china. We saw breakdown of shares in prodly weak market. Apple down 1. 3 . Conference call on latest Earnings Call from apple pointing to a focus on apple, im sorry, china, apple, key markets. Shares of apple down 1. 3 . After the Earnings Call apple shares fell precipitously because of concern about demand for apple products there. Yum brands, Las Vegas Sands and wynn resorts have huge resorts in macau. That is a big trouble spot. Wynn resorts down 3. 2 . Baidu, down 4 1 2 . Baidu reporting earnings after the bell today. They released very troubling Secon
Just before two oclock in the afternoon. In Alameda County, philippe djegal, kron four news. grant and tonight we are learning more about the deputy. As kron fours Terisa Estacio reports, the sheriff talked about srouery khin. And how this tragedy is so painful. Natural sound, Alameda County sheriff greg ahern. This is a tragic day for us and the family of srouey khin. Alameda county sheriff greg ahern talking about the tragic loss of deputy srouey khin friday morning in a tragic collision. Sheriff ahern, alameda co. Sheriff. He just off ot he is one of our hardest working employees. Dedicated employee. He was just trying his best to earn some money for his wife and family. Sheriff ahern says deputy khin had worked for several years here at the santa rita jail. He started his career with the Sheriffs Department back in 2007. Sheriff ahern. He has four children. One of our units is with the family now, we have a chaplain and peer support. Sherriff ahern says this loss is also very hard
< basically woke up to the sound thought it was a car crash. Saw all the power off in the street for a couple of blocks. And because it was so dark i saw the reflection of the flames off the cars. So i ran outside and saw the flames and it was huge. marty landing thanks averi. marty we first told you about the major fire at 6 33 this morning. If you want breaking news alerts sent to your phone all you have to do is download the free kron 4 mobile app. marty good morning, welcome to kron four news weekend. Here is a live look at the embarcadero. marty thanks for joining us. Immarty gonzalez. Here is dave spahr with the weather. dave unseasonably Cool Temperatures and breezy conditions can be expected into early next week. While mostly dry weather will prevail through the weekend, isolated showers are possible in the hills on sunday. Isolated to scattered rain showers are expected regionwide from late monday into tuesday as another system approaches from the north. A warming and drying t