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WellCare Health Plans stock price
WellCare Health Plans latest news:
UPDATE 1-Ex-WellCare general counsel gets six months in U.S. prison
Nov 22 (Reuters) - A former general counsel of insurer
WellCare Health Plans Inc was sentenced on Wednesday to
six months in prison for making a false statement to Florida's
Medicaid program as part of what prosecutors called a $35
million healthcare fraud scheme.
Dow ends lower, retreats from records as Goldman, UnitedHealth weigh
U.S. stocks ended lower on Thursday, retreating from records set in the previous session as investors parsed the first of a batch of third-quarter corporate results from the banking sector. The Dow Jones Industrial Average closed more than 30 points, or 0.1%, at 22,841. Components UnitedHealth Group Inc. and Goldman Sachs Group Inc. pressured the price-weighted gauge. The S&P 500 index closed 0.2% lower at 2,550, while the Nasdaq Composite Index retreated 0.2% at 6,591. All three benchmarks closed at records in the previous session. J.P. Morgan Chase & Co. posted earnings and revenue that beat expectations, but its trading revenue was weak amid a quiet period for markets, while shares of Citigroup , which reported a higher-than-expected profit, slid 3.4%, The Financial Select Sector SPDR ETF , which gauges banks and insurers lost 0.8%. Health-care stocks were mixed after President Donald Trump signed an executive order directing federal agencies to consider expanding health-insurance coverage in low-cost plans that aren't subject to Affordable Care Act rules. The announcement appeared to weigh on UnitedHealth. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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