Aurora Business


Business Highlights

While Republicans rewrite the Affordable Care Act in Washington, the future of the current law has grown hazier with the nation’s third-largest health insurer completely divorcing itself from state-based insurance markets. Aetna said late Wednesday that it won’t sell individual coverage next year in its two remaining states — Nebraska and Delaware after projecting a $200 million loss this year. It had already dropped Iowa and Virginia for 2018. The insurer once sold the coverage in 15 states, but slashed that to four after losing about $450 million in 2016.


“I told them there is no rule against talking a selfie on a plane,” Nissensohn says. He says he was ordered off the plane and held up at LaGuardia airport in New York for more than an hour before being let go without charges. JetBlue declined to comment on the incident. A spokesman says the airline doesn’t publish its photography policy for security reasons.


Business Highlights

DEARBORN, Michigan | The job of Ford’s new CEO won’t be easy: He will have to shore up the 114-year-old company’s traditional auto business, but also invest in self-driving cars and other projects that could one day make that business obsolete. Ford thinks Jim Hackett is up to the task. The 62-year-old former chief executive of office furniture maker Steelcase was named to the post Monday, just three days after former CEO Mark Fields told the company he wanted to retire.


The Commerce Department said Tuesday that new-home sales skidded 11.4 percent in April to a seasonally adjusted annual rate of 569,000. It was the biggest monthly drop since March 2015. Economists had expected a more modest retreat from March sales of 642,000, which were the highest since October 2007. Sales in April were still up 0.5 percent from a year earlier.