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October 30, 2012 | By Andrew Tangel, This post has been updated. See the note below for details
U.S. stock markets plan to reopen Wednesday after being shuttered for two days following the arrival of Hurricane Sandy. The New York Stock Exchange's parent company, NYSE Euronext, said trading would commence as usual with a 9:30 a.m. EDT opening bell. The NYSE said it was in coordination with all U.S. stock, bond, options and derivatives markets. The New York Stock Exchange's building and trading floor are "fully operational" despite flooding in Manhattan's financial district.
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BUSINESS
April 25, 2014 | By Julie Makinen
BEIJING - DMG Entertainment, the Beijing-based company that co-produced Hollywood films including "Iron Man 3" and "Transcendence," is in the process of going public on the Shenzhen Stock Exchange. The move will see DMG enter the exchange through a reverse takeover with meat-processing company Sichuan Gaojin Foods. The deal still needs regulatory approval. According to DMG and Sichuan Gaojin, the deal values DMG at $970 million. That's three times the value of Gaojin at the end of 2013.
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OPINION
October 20, 2013 | By The Times Editorial Board
The new federally run health insurance exchanges have stumbled badly in trying to sign up customers online, stymied by both design flaws and inept execution. If the website's problems aren't solved soon, they could inflict a greater toll on the Affordable Care Act than the law's opponents have. There's some consolation in the fact that shoppers can sign up over the phone or in person, and that they can enroll as late as mid-December and still have coverage on Jan. 1. But the failures are mind-boggling and inexcusable, especially considering how much time the government had to prepare.
NATIONAL
April 25, 2014 | By Maria L. La Ganga
DURHAM, Ore. - Oregon officials voted unanimously Friday to jettison the state's disastrous health insurance exchange and switch to the federal system, admitting disappointment and defeat in an arena where the state had been a trailblazer. With its 7-0 vote, the board of directors for Cover Oregon acknowledged that the state exchange was too expensive and too troubled to fix. Although the state has spent an estimated $248 million to get the operation up and running, it never enrolled a single private insurance customer online.
MAGAZINE
December 15, 1996
Hats off to Evelyn Sheinkopf for her interesting article on old Los Angeles telephone exchanges ("Know the Code," So SoCal, Nov. 10). As I remember the '40s prefixes, ours was DRexel. As in the rest of the L.A. area, only four numbers followed the two letters. Other exchanges of that era were FItzroy, FEderal, YOrk and STate, to name a few. After World War II, I recall, DRexel, FItzroy, FEderal and, no doubt, some others were changed to DUnkirk followed by a five-digit number. Existing prefixes that made the cut, so to speak, were MUtual, MAdison, TRemont, TRiangle, WEbster and BRadshaw.
NEWS
October 4, 2013 | By Jon Healey
My colleague Chad Terhune in The Times' Business section has been faithfully cataloging the hiccups, glitches and failures experienced by the state's new health insurance exchange, Covered California, in its opening days. On Friday he laid out the most serious of the shortcomings reported so far: The health plans don't yet provide an online list of the doctors and hospitals participating in their networks. This is a crucial issue, as faithful Terhune readers know, because some insurers are including fewer doctors and hospitals in their Covered California offerings in order to cut costs.
OPINION
February 8, 2012
The 2010 healthcare reform law gave states until Jan. 1, 2014, to create "exchanges" in which individuals and small businesses could shop for insurance policies. If the states don't, the federal government will operate exchanges for them. The requirement poses a quandary for lawmakers who oppose the federal law: Should they start working on an exchange, or count on the law being repealed by the Supreme Court or by a new Republican-controlled Congress and White House in 2013? The answer is that each state should set up an exchange regardless of how its lawmakers feel about "Obamacare," because it would help ameliorate the very real problems consumers face in the health insurance market.
NATIONAL
January 4, 2013 | By Noam N. Levey, Washington Bureau
WASHINGTON - The Obama administration has cleared what could be the final group of states to open their own health insurance exchanges this fall, advancing a key goal of the 2010 healthcare law to provide Americans with new options to shop for coverage. The conditional approvals announced for California, Hawaii, Idaho, Nevada, New Mexico, Vermont and Utah mean 17 states and the District of Columbia are on track to operate their own insurance exchanges this year. Exchanges in the remaining states will be run by the federal government or by state-federal partnerships.
BUSINESS
October 30, 2012 | By Andrew Tangel
Stock and options exchanges are losing $1 million in transaction fees each day they are closed because of Hurricane Sandy , according to an industry analyst's estimate. Richard Repetto, a principal at Sandler O'Neill, said the giant storm would likely cost NYSE Euronext, Nasdaq OMX Group and the Chicago Board Options Exchange $1 million in net trading revenues each day they are closed. But the closures of the exchanges Monday and Tuesday would likely cost a loss of a penny or less of earnings-per-share for the public companies that operate the exchanges, Repetto said in a note.
NEWS
April 3, 2014 | By Maeve Reston
Pressed by Republican House members, directors of troubled state insurance exchanges said Thursday that they could fix continuing Obamacare glitches with grant money they have already received and would not ask for federal bailouts. Members of the House Government & Oversight Reform committee sought to turn their attention to the technical glitches after a week of celebration for the White House, which surpassed its goal of signing up more than 7 million under the new healthcare law. Witnesses called to Capitol Hill included the current and interim heads of the exchanges in Hawaii, Maryland, Massachusetts, Minnesota and Oregon - which have all had varying degrees of problems . (As a counterpoint, Peter Lee, the executive director of Covered California, touted the successes of California's exchange , which has enrolled some 1.2 million people - more than any other state in the country.)
NEWS
April 25, 2014 | By Maria L. La Ganga
DURHAM, Ore. - Oregon officials voted unanimously Friday to jettison the state's disastrous health insurance exchange and instead switch to the federal website, admitting both disappointment and defeat in an arena where the state had been a trailblazer. With its 7-0 vote, the board of directors for Cover Oregon acknowledged that the state exchange was too expensive and too troubled to fix. Although the state has spent an estimated $248 million to get its exchange up and running, it never enrolled a single private insurance customer online.
NEWS
April 24, 2014 | By Maria L. La Ganga and Maeve Reston
DURHAM, Ore. - Oregon officials are poised to vote Friday on whether to jettison their troubled health insurance exchange and become the first state in the country to switch to the federal version, which had its own rocky start before righting itself. At a Thursday meeting, Cover Oregon's technology advisory committee announced that it had recommended that the agency scrap its local exchange because there was neither the time nor the money available to fix it. The Cover Oregon board will vote Friday.
OPINION
April 16, 2014 | By The Times editorial board
The first open enrollment period under the Affordable Care Act ended this week with roughly 7.5 million people obtaining policies through the new state insurance exchanges, including more than 1.3 million at Covered California. That's an amazing and welcome result, considering how badly many of the exchanges stumbled when sign-ups began in October. Nevertheless, it's far too early to judge the success or failure of the healthcare law, given that key tests of the program's sustainability have yet to be passed.
ENTERTAINMENT
April 4, 2014 | By Christie D'Zurilla
On Thursday, James Franco was looking like a creepy old guy or a PR maestro for his leaked social-media come-on to a 17-year-old Scottish tourist. Come Friday, Franco was just looking embarrassed.  The 35-year-old actor appeared on "Live! With Kelly and Michael" and admitted his gaffe, saying he was "embarrassed," "doubly embarrassed" and had "used bad judgment" over social media with the fan. He didn't address the difference in their ages. The story was brought up first thing during Franco's appearance on "Live!
NEWS
April 3, 2014 | By Maeve Reston
Pressed by Republican House members, directors of troubled state insurance exchanges said Thursday that they could fix continuing Obamacare glitches with grant money they have already received and would not ask for federal bailouts. Members of the House Government & Oversight Reform committee sought to turn their attention to the technical glitches after a week of celebration for the White House, which surpassed its goal of signing up more than 7 million under the new healthcare law. Witnesses called to Capitol Hill included the current and interim heads of the exchanges in Hawaii, Maryland, Massachusetts, Minnesota and Oregon - which have all had varying degrees of problems . (As a counterpoint, Peter Lee, the executive director of Covered California, touted the successes of California's exchange , which has enrolled some 1.2 million people - more than any other state in the country.)
NEWS
April 1, 2014 | By Maeve Reston
Although the Obama administration appears to have surpassed its goal of enrolling more than 7 million people in the new healthcare program this year, some of the states that have struggled with technology problems are headed into an intensive new phase of fixes as they try to shepherd final enrollees through the process. After spending $125.5 million to operate and run its exchange, which has struggled with technical glitches , the board of the Maryland Health Benefit Exchange is expected to vote Tuesday on moving to Connecticut's technology platform, which has worked smoothly throughout the enrollment period.
NEWS
April 26, 2012 | By Dylan Hernandez
The Dodgers want to repay their fans who were inconvenienced by Mother Nature on Wednesday night. Ticket stubs from the Dodgers' rainy 4-2 loss to the Atlanta Braves can be redeemed for free reserve-level tickets to a May 14 game against the Arizona Diamondbacks or a May 31 game against the Milwaukee Brewers. Ticket stubs from April 13 can also be exchanged for May 14 or May 31 tickets. Exchanges can be made at the advance ticket window at Dodger Stadium's parking lot P between 9 a.m. and 5 p.m. from Monday through Saturday.
BUSINESS
March 30, 2014 | By Chad Terhune
After months of head counts for Obamacare, it is the medical bills that will start to matter now. Even before enrollment closes Monday, California has far exceeded its initial goals for signing up people under the Affordable Care Act. Although the sheer volume of 1.1 million policyholders is impressive for a brand new government program, the number of sicker patients is what's likely to draw the most attention. How sick they are and the size of their medical bills will be front and center in the weeks to come as insurers begin drawing up next year's insurance rates, which will become public this summer.
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