Occupancy Gains Could Boost Brookdale’s Home Health Business with HCA Takeover Pending

Ruben Onsu

When Brookdale Senior Living Inc. (NYSE: BKD) was looking at prospective buyers of its home health and hospice segment, it was in a vulnerable position.

Its home health business had been “disappointing” at times, in the words of Brookdale President and CEO Cindy Baier. Occupancy in its senior living segment was falling during the COVID-19 crisis to record lows.

But now that HCA Healthcare (NYSE: HCA) — one of the biggest health systems in the U.S. — has agreed to acquire 80% of its home health and hospice business, the forecast is generally positive for Brookdale.

Not only will it

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Why the Best Job in Finance Isn’t About the Bonus

Ruben Onsu

Norway’s sovereign wealth fund, the world’s biggest, is hamstrung in competing for talent with the rest of the investment industry. As a public institution, it faces what it calls “barriers to remuneration.” In other words, it can’t pay its stars what they would earn working at a hedge fund. But a study just published celebrating 20 years of active management suggests the fund has found other ways to attract and retain portfolio managers.

The Norwegian fund had 246 employees whose pay is tied to investment performance, according to its 2020 annual report. Their average compensation last year was about

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Does homeowners insurance cover roof damage?

Ruben Onsu

When it comes to roof damage, homeowners insurance can help you reduce out-of-pocket expenses. However, not everything is covered. Here’s what homeowners need to know about roof damage coverage. (iStock)

There’s no doubt that home insurance can be complicated. Knowing what kind of coverage you have for different situations — such as sustained damage to your roof — and how much you have, can be difficult to understand. 

That’s why it’s better to be prepared. Here’s what homeowners should be familiar with when it comes to what roof damage will be covered under certain insurance policies and

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EXCLUSIVE U.S. Justice Department probing Kabbage, fintechs over PPP loan calculations -sources

Ruben Onsu

The U.S. Department of Justice is investigating whether financial technology companies including Atlanta-based Kabbage Inc may have erred while distributing billions of dollars in pandemic aid to struggling small businesses, three people with knowledge of the matter told Reuters.

The investigation, led by the Justice Department’s civil division, is examining whether Kabbage and other fintech companies miscalculated how much aid borrowers were entitled to from the Paycheck Protection Program (PPP) due to confusion over how to account for payroll taxes, the three people said.

A fourth person with direct knowledge of the matter said a number of fintechs were being

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GM expects to offer self-driving vehicles to consumers this decade

Ruben Onsu

GM unveilied the Cadillac Personal Autonomous Vehicle concept during CES 2021 in January.

Screenshot

DETROIT – General Motors CEO Mary Barra expects the automaker to offer self-driving vehicles to consumers later this decade.

While autonomous vehicles for deliveries and ride-hailing services are currently undergoing rigorous testing, manufacturing them for retail customers hasn’t been a priority for automakers because the technology needed for the systems is prohibitively expensive.

“Later in the decade, I believe, and there’s a lot to still unfold, but I believe we’ll have personal autonomous vehicles,” she told investors Wednesday during the company’s first-quarter earnings call.

She

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Local Business Owner Reacts To Easing of COVID Restrictions

Ruben Onsu

(KNSI) – A St. Cloud business owner says the easing of COVID-19 restrictions is a move in the right direction.

Starting at noon on Friday, Minnesota is eliminating restrictions on outdoor dining and outdoor gatherings. Bar and restaurants can also stay open to their regular time.

Starting May 28, COVID restrictions on capacity limits for indoor events will be eliminated.

Ray Harrington owns Pioneer Place of Fifth Theatre, 7 West Taphouse, and Boulder Taphouse in St. Cloud says May 28 changes will make a big difference.

“We’ll be able to sell more tickets per show. We have a couple of

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