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Bill Schiffner

Chocolate prices go up as cost of cocoa rises

Chocolate prices go up as cost of cocoa rises

U.S. consumers are paying more for chocolate products as confection manufacturers raise prices in response to the soaring cost of cocoa. Cocoa prices are nearly 65% higher than they were one year ago, and New York futures prices are at a 46-year high.

Cigna sells Medicare business for $3.7 billion

Cigna sells Medicare business for $3.7 billion

The Cigna Group will sell its Medicare business to another insurer, Health Care Service Corp., for about $3.7 billion. Cigna said Wednesday the deal includes its Medicare Advantage insurance, a supplemental benefits business and Medicare prescription drug coverage.