BRIEFCASE STATE LEADS U.S. IN HEALTH COSTS.Byline: - Staff and Wire Services The cost of inpatient hospital care in California is rising more rapidly than the national average, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. data released Wednesday by the Blue Cross and Blue Shield Association
The findings come from an analysis of California data included in a recent BCBSA BCBSA Blue Cross and Blue Shield Association series of national studies of health-care cost-drivers conducted by University of Southern California The U.S. News & World Report ranked USC 27th among all universities in the United States in its 2008 ranking of "America's Best Colleges", also designating it as one of the "most selective universities" for admitting 8,634 of the almost 34,000 who applied for freshman admission and other researchers. The BCBSA data showed that California is 45 percent higher than the national average for inpatient expenditures per admission, and also has the second-highest rate of per-capita annual inpatient expenditure growth, at 11.3 percent. California leads the nation in the number of most expensive discharges, according to the research. While the average cost-per-hospital discharge was nearly $16,000 nationally in 2000, 5 percent had costs-per-discharge exceeding $47,000. More than 13 percent of California discharges fell into that category. Sears stock drops to 20-year low CHICAGO - Sears, Roebuck and Co. shares plunged to a 20-year low Wednesday amid renewed concerns that the company's credit woes have hamstrung its push to improve weak retail sales. A retail analyst's downgrade accelerated a recent stock slide and sent Sears shares down $1.70, or 7.5 percent, to $21 - their lowest closing price since Aug. 19, 1982 - after dipping as low as $19.71 in four times the usual volume of trading. As recently as June, each share in the retailer was worth $59.90. Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. analyst George Strachan downgraded Sears' stock to ``underperform,'' a day after Sears reported a record negative quarterly operating cash flow Operating cash flow Earnings before depreciation minus taxes. Measures the cash generated from operations, not counting capital spending or working capital requirements. . FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. OK's merger of cable giants WASHINGTON - The $29.2 billion merger of Comcast and AT&T Broadband was approved by federal regulators Wednesday, clearing the way for creation of the nation's largest cable television company. The Federal Communications Commission Federal Communications Commission (FCC), independent executive agency of the U.S. government established in 1934 to regulate interstate and foreign communications in the public interest. decision is contingent on AT&T and Comcast selling their combined 25 percent ownership of Time Warner Entertainment. The FCC voted 3-1 for the deal over the objections of consumer groups, which filed a motion last week asking the agency to delay its decision. The groups claim the new cable giant would limit customers' choices in television viewing and Internet access. Syncor asks delay in filing report WOODLAND HILLS - Syncor International Corp. said Wednesday it would seek a five-day extension in filing its 10-Q report to the Securities and Exchange Commission. The extension was requested as auditors look into some of the Woodland Hills-based company's payments to overseas customers. The probe was prompted by Cardinal Health, a Dublin, Ohio-based company that is in the process of acquiring Syncor. |
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