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Oscar posts $105 mn loss in 2015

NEW YORK / Bloomberg Startup Oscar Health Insurance Corp. lost $105.2 million in its New York and New Jersey businesses last year, a sign that insurers of all sizes are struggling in the new markets created by President Barack Obama’s health-care overhaul. The losses, $92.4 million in New York and $12.8 million in New Jersey, were disclosed by Oscar in ...

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Brazil’s economy shrinks less than forecast in Q4

RIODE JANERIO /Bloomberg Latin America’s largest economy contracted less than economists expected late last year as a boost in agriculture output helped offset an overall decline in production. Gross domestic product contracted 1.4 percent in the three months ended in December, after a 1.7 percent drop the previous quarter, the national statistics institute said on Thursday in Rio de Janeiro. ...

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Venezuela in disarray as politicians argue about way ahead

BLOOMBERG As Governor Henri Falcon takes his morning jog through Barquisimeto, the hub of Venezuela’s farming heartland, he crosses a bleak landscape. It’s not yet dawn and hundreds of perspiring shoppers are lining up for food, neighborhoods are dark from rolling blackouts and hospitals so crowded that the sick share beds. Falcon is a rarity in a deeply polarized country: ...

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