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On Nov. 1, Citgo Petroleum Corp. has stopped contributions to 401(k) retirement plans and is planning to cut 10% salaries on Jan. 1 to deal with the effects of the COVID-19 pandemic, Reuters reported. In a message sent to its employees, the Houston-based firm said that its actions were required due to the loss of demand resulting from the health crisis.
1. UnitedHealth reports significant data breach; personal health info compromised
2. Illinois House passes governor’s 'Healthcare Protection Act’
3. UnitedHealth faces scrutiny over size, operations, and cyberattack
4. Walmart to shut down health clinics due to unprofitability
5. Analyst says Cigna, Humana share prices could put merger back on the table
6. UnitedHealth to close Optum Virtual Care amid telehealth decline