Healthcare Reforms Keep 2.5 Million Young Adults Covered
U.S. healthcare reforms under the Affordable Care Act supported and authorized by President Barack Obama in 2010 keeps young adults insured. The biggest U.S. health reform in 50 years aims to make medical insurance available to over 30 million Americans. In September, the law has allowed children through age 26 to join or remain covered under their parents’ health coverage. This announcement made on Wednesday means insurance for 2.5 million children, up...
Pincus Holds Dominant While Using Zynga IPO to Advantage
Mark Pincus, along with his bulldog Zinga and 20 more guys, regularly played soccer at San Francisco’s Golden Gate Park for years. Now, Pincus is the CEO of online games developer Zynga Inc. whose shares in an IPO this week on the Nasdaq stock exchange were valued at $9 billion.
Pincus, described to be a control freak, retains company control even after it goes public. Special shares class allows him 37% voting power even if his equity stakes is reduced...
Investors See Huge Mortgage Mess Mending Cost
Doubleline Capital Management portfolio manager Vincent Fiorillo said it will take at least $100 billion to put an end to litigations against banks with faulty mortgages or restrain the state attorney general from filing lawsuits. This amount is four times the $25 billion settlement amount involved in ongoing talks to settle mortgage issues. Fiorillo said the idea of big settlement allows a clean start. A member of the Association of Mortgage Investors,...