Replies to post #113285 on Coffee Sipping Big Board Stocks

[EZ2]

Anthem: Regulators More Open to ACA Rate Increases -- Market Talk

DOW JONES & COMPANY, INC. 1:44 PM ET 6/7/2016

13:44 ET - Anthem says regulators are appearing more open to rate increases on Affordable Care Act plans this year. State departments of insurance, as well as federal regulators, "are actually more receptive of some of the higher rate increases than we've seen in the past," says CFO John Gallina. Anthem also says it is now targeting 2018 to achieve its target margins on the ACA business, which it has previously said are 3% to 5%. For 2015, the insurer said, the ACA business was essentially breakeven, while 2016 should be "incrementally profitable," 2017 will come "a lot closer" to the margins goal, and the company hopes to achieve its target margins the following year. ([e-mail]; @ annawmathews)


(END) Dow Jones Newswires
06-07-161344ET
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[EZ2]

Frackin' Eh !! ;-)


Judge blocks Obama fracking rules on public lands

MARKETWATCH 9:39 AM ET 6/22/2016

A federal judge in Wyoming made permanent a temporary block of an Interior Department rule setting stricter standards for hydraulic fracturing on public lands, a blow to President Barack Obama's environmental agenda in the sunset of his administration.

U.S. District Judge Scott Skavdahl issued a ruling late Tuesday invalidating the regulation, saying the Interior Department lacked the authority to issue it. The same judge last year issued a preliminary injunction blocking the rule until he made a final decision.

The rule, issued by department's Bureau of Land Management in March 2015, applies to oil and gas drilling on federal lands, which produce 11% of the natural gas consumed in the U.S. and 5% of the oil, according to government data.

Much of this drilling is concentrated in Western states, such as Colorado and Wyoming, two of the states challenging the standards. More than 90% of new land-based wells in the U.S. use hydraulic fracturing, known as fracking.

"Congress has not delegated to the Department of the Interior the authority to regulate hydraulic fracturing," the judge wrote in a 27-page ruling (http://www.wyd.uscourts.gov/pdfforms/orders/15-cv-043-S%20Order.pdf). "The BLM's efforts to do so through the fracking rule is in excess of its statutory authority and contrary to law."

The Interior Department didn't immediately respond to a request for comment.

The government could appeal the ruling.

An expanded version of this story is available at WSJ.com (http://www.wsj.com/articles/judge-strikes-down-obama-rule- on-fracking-on-public-lands-1466600116?mod=mktw)

-Amy Harder; 415-439-6400; [e-mail]


(END) Dow Jones Newswires
06-22-160939ET
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