Global Glance: ACA changes for Humana, Uncertainty on EU vote weighs on UK economy

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Here are today’s top business headlines from across the nation and world:

Changes in the works for Humana ACA exchange participation

Humana became the latest health insurer to serve notice that it might leave some Affordable Care Act exchanges next year, creating more uncertainty for customers ahead of this fall’s enrollment window and presidential campaign, during which the law is sure to remain a hot debate topic. The insurer, which is being acquired by rival Aetna, said Wednesday that it expects to make a number of changes to its business for 2017. Read more


Uncertainty over vote on EU membership weighs on UK economy

LONDON (AP) — Uncertainty over Britain’s looming vote on whether to remain in the European Union is weighing on the nation’s economy, with another key indicator showing Thursday that growth is close to stagnating. Read more


Fannie Mae posts $1.1B profit in 1Q; paying $919M dividend

WASHINGTON (AP) — Mortgage giant Fannie Mae posted net income of $1.1 billion for the first quarter, down from a year ago as declining interest rates reduced the value of the financial instruments it uses to hedge against rate swings. Read more


Aeropostale, one-time mall king, seeks bankruptcy protection

NEW YORK (AP) — Aeropostale, once the vibrant epicenter of the U.S. mall scene, is seeking Chapter 11 bankruptcy protection and closing 20 percent of its stores in North America. The New York company said Wednesday that it is closing 113 of its 739 U.S. stores and all 41 locations in Canada. Going-out-of-business sales at those U.S. stores will begin this weekend. Read more


AP Fact Check: Bringing coal jobs back to Appalachia

DALLAS (AP) – Donald Trump says he would bring back lost coal-mining jobs, and he is positioning for the November election in big coal states by portraying Hillary Clinton as a job killer. Trump, however, has yet to explain exactly how he will revitalize Appalachia’s coal industry. To pull it off, he will have to overcome market forces and a push for cleaner fuels that have pummeled coal. Coal’s slump is largely the result of cheap natural gas, which now rivals coal as a fuel for generating electricity. Older coal-fired plants are being idled to meet clean-air standards. Another hurdle for reviving coal mining in Appalachia: less coal. Read more


Global stocks steady as US payrolls report looms

LONDON (AP) — Global stocks recovered their poise Thursday following an unconvincing start to the month, as investors became cautious ahead of U.S. jobs data that could go a long way to determining whether the Federal Reserve raises interest rates in June. Read more


Merck beats 1Q profit views with tight cost controls

Merck posted an 18 percent jump in first-quarter income, beating Wall Street expectations, as lower spending on marketing, administration and research easily offset lower sales of its medicines outside the U.S. Read more


Italy’s Renzi hails new Alfa Romeo as sign of economic hope

ROME (AP) — Italian Premier Matteo Renzi is hailing the new Alfa Romeo sedan by Fiat Chrysler, which he says will add 3,400 jobs in Italy and symbolizes the country’s economic potential. Read more

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