A global stock market slump is continuing on Wall Street as traders worry about how committed the Federal Reserve remains to keeping up its bond-buying program.
WellPoint Inc.'s new CEO is slimming the health insurer's business units to two from four as the company prepares for coverage expansions that will hit the market next year as part of the health care overhaul.
American International Group Inc. said Monday that it will spend $718.1 million Hong Kong dollars ($92.5 million) in a rights offering by Chinese insurance company PICC Property and Casualty Co.
Drugstore chain Rite Aid Corp.'s board of directors has elected former Blue Shield of California Chairman and CEO Bruce G. Bodaken to its board of directors.