Category: Business

Profit health plan and hospital units said late Friday that third-quarter profits soared to $569 million and profits through the first nine months skyrocketed to $1.6 billion.
Those strong results were largely the result of the much-stronger investment climate on Wall Street, especially compared with last year's horrible third-quarter environment.
"The big story was the partial recovery of the finanical markets," Tom Meier, a Kaiser senior vice president and corporate treasurer, told the San Francisco Business Times late Friday, noting that from an operational standpoint 2009 so far has been very similar to 2008.