On Monday, Shares of Wells Fargo & Company (NYSE:WFC), gained 1.51% to $57.91, hitting its highest level.
Effective June 19, Senior Portfolio Manager Ashok Bhatia, CFA, has been added to the Wells Fargo Advantage Multi-Sector Income Fund (NYSE MKT: ERC). Mr. Bhatia, one of 10 managers of the fund, replaces Senior Portfolio Manager Michael Bray, who is on medical leave from Wells Capital Administration, Inc. (WellsCap), a subadvisor to the Wells Fargo Advantage Funds. Mr. Bhatia is part of a broader team at WellsCap that focuses on managing the fund’s mortgage/corporate sleeve.
Mr. Bhatia is co-lead of WellsCap’s Customized Fixed-Income team and senior portfolio manager. He is a 20-year veteran of the investment industry. Mr. Bhatia spent the past 10 years as a lead global macro portfolio manager with two large multi-strategy hedge funds, most recently at Balyasny Asset Administration L.P. and, preceding to that, Stark Investments. Recently, he joined WellsCap and is based in Menomonee Falls, Wisconsin.
Wells Fargo & Company provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. Its Community Banking segment offers checking, savings, market rate, individual retirement, and health savings accounts, in addition to time deposits and remittances; and lines of credit, auto floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and debit and credit cards.
Shares of Humana Inc. (NYSE:HUM), declined -6.11% to $189.94, during its last trading session.
Humana, one of the country’s leading health and well-being companies, is renaming its RightSource mail delivery pharmacy to assist customers more easily identify the service with the trust and quality associated with the Humana brand. Effective right away, the pharmacy will be known simply as Humana Pharmacy.
Fleming says that the change will assist physicians and members better identify Humana Pharmacy with Humana’s integrated care delivery model. Especially for people with chronic health conditions like diabetes or congestive heart failure, integrating pharmacy services with the health and well-being company’s host of health coaching, disease administration, pharmacy benefit and wellness programs makes these services even more effective. The change to Humana Pharmacy is designed to assist all players in the health care system, counting physicians and members, make that connection.
Current customers will soon start to see changes on the company’s website, phone systems and packaging inserts. The brand change will be supported by a comprehensive customer communications campaign to inform members of the name change.
Humana Inc., together with its auxiliaries, operates as a health and well-being company. The company operates through three segments: Retail, Group, and Healthcare Services. The Retail segment provides Medicare and commercial fully-insured medical and specialty health insurance benefits, counting dental, vision, and other supplemental health and financial protection products directly to individuals.
Finally, Oasis Petroleum Inc. (NYSE:OAS), ended its last trade with -1.62% loss, and closed at $16.36, despite Oil reversed losses to end slightly higher on Monday as short-covering ahead of the expiry of the front-month contract in U.S. crude lifted a market burdened by concerns about creeping gasoline inventories.
Worries about the potential fallout from the Greek debt crisis also weighed on oil prices initially, offsetting positive impact from a stockpile draw at the Cushing, Oklahoma delivery point for U.S. crude futures stated by oil services firm Genscape, Reuters Reports.
Oasis Petroleum Inc., an independent exploration and production company, focuses on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin.
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