"Repeal the ethanol mandate and receive appox. a 10% MPG efficiency dividend. About $25 Billion/year..."
Saint Thomas Health Services has added neurological services to its Chest Pain Network centers Hickman Community Hospital in Centerville, Tenn., and Lincoln County Medical Center in Fayetteville, Tenn. The Saint Thomas Stroke Network is intended to streamline stroke symptom detection and diagnosis, and the treatment and transfer of stroke patients. It will be part of all Chest Pain Network locations by the end of the year.
Oct 1, 2009 2:24 PM
Prison Health Services will not be missed in Vermont, where the corrections commissioner is pointing out the coincidence of the company saying it won't bid for a new contract after an inmate died in custody. Prison Health is a unit of America Service Group, whose shares (Ticker: ASGR) are down along with the rest of the market today.
Oct 1, 2009 1:00 PM
Soleil Securities analyst A.J. Rice says the executive team at LifePoint is putting together the pieces for a nice long-term growth run and should trade much higher than its industry-low valuation. Shares of LifePoint (Ticker: LPNT) are up more than 3 percent today.
Oct 1, 2009 11:37 AM
Phil LeBeau says the Saturn dealers GM so successfully wooed in the late 1980s are likely to throw their weight around in an attempt to save the brand and their business.
They will likely try to force GM into doing one of two things: 1) give them money to go away or, 2) get back in the room with Penske and work out a deal. And with the U.S. Government now owning a majority of GM, you can bet the Saturn dealers will press their case in Washington.
Oct 1, 2009 11:11 AM
Locally based RBC Capital Markets analyst Frank Morgan sheds some light on one of the main reasons hospital-company profits have held up remarkably well during this recession. Labor costs, he tells The Wall Street Transcript, have been "the biggest source of earnings upside" by far.
Oct 1, 2009 8:08 AM
First Horizon has agreed to sell its FTN Equity Capital Markets unit to Point Capital Partners, a New Jersey investment firm. Disposing of the unit, which includes a West End office, means Memphis-based First Horizon will take a $14 million charge.
Oct 1, 2009 8:01 AM
Aluminum producer Noranda is bringing back 38 workers to restart one of its lines at a Southeast Missouri plant that was all but knocked out by an ice storm early this year. The Franklin-based company also is getting $8 million in training and equipment incentives from Missouri officials.
Oct 1, 2009 7:42 AM
Emergency Medical Services Corp. (Ticker: EMS) announced three medical transportation and transportation management agreements through its American Medical Response division, including a deal with HealthSpring (Ticker: HS). Colorado-based AMR will provide non-emergency transportation management services to HealthSpring Medicare Advantage plan members through its Access2Care division. Combined, the three deals are worth $8 million to $9 million in annual revenue.
Oct 1, 2009 7:30 AM
Not-so-happy thoughts from credit ratings group Moody's on the state of the residential construction sector: The current economic climate looks set to extinguish the embers of hope and push home prices down further and longer than previously expected.
"We expect that the industry's one relatively bright spot—that is, robust cash-flow generation—will keep fading in the year ahead, as inventory liquidation plays itself out and funds from operations remain negative," Snider said. Moody's base case calls for pre-impairment operating losses to worsen by 8% in 2009 and improve modestly, but still be in a loss position in 2010.
Oct 1, 2009 7:06 AM