UnitedHealth is reducing risk-based business, which is affecting earnings performance, and said it was paying out more than expected for Medicare Part D prescription drug offerings and special-needs plans serving elderly people with chronic conditions.
Maybe because OPM's core mission, setting standards and policies for the government's personnel programs, is of less importance than its fee-based business, which is a whopping 16 times larger.
Struggling to reduce a mountain of debt, Invensys, a British manufacturer of factory controls, said it had agreed to sell its sensor business, which is based in Shelby, N.C., to Honeywell International, based in Morristown, N.J., for a net $394 million.
The aim of the move is to get the company to a break-even point on that legacy business, which is based around vouchers for services and events, while also putting it into a stronger position to work on its newer business based on card-linked offers for specific verticals.
Sarah Carr and her husband Ali run the business, which is based in Devon.
They founded Crabtree & Evelyn, the toiletries business, which is based in Woodstock.
The five-year-old business, which is based in Vermont, had sales last year of $104,000.
Tata is also in the process of selling its speciality steels business, which is based in the north east of England and employs 2,000 people.
Today, Mr. Dencker is chief operating officer of the business, which is based in Oakland, Calif.; it had $7 million in revenue last year, he said.
Shant already has joined them in the business, which is based in Cranbury, where both families live within a couple of miles of each other.
