UnitedHealth Group (UNH | 57.13) announced the purchase of 90% Brazil’s largest health care company Amil for $4.3 billion in cash. The company modified its earnings for Q3 2013 by almost $0.20, saying the purchase will improve profits immediately.
Apple (AAPL | $652.59) continues to lose value since the release of the iPhone 5. The list of complaints about its operating system continues to grow including a purple glare when taking photos. The stock is down another $4.09 in pre-market trading after losing about $15 on Friday. Apple will report its earnings on October 25th.
Alex Kalish has a masters in economics from Suffolk U.