Government extends health care enrollment
Many who went without health insurance last year didn't know they would face a penalty at tax time in 2015, the federal government said Friday.
Starting Sunday, they will be eligible for a special period to enroll in 2015 coverage. Signing up won't get them off the hook for not having coverage last year. But they'll avoid a penalty when they do their taxes next year.
About 40 percent of uninsured people didn't know staying uninsured came with a fee, said Andy Slavitt, acting administrator for the Centers for Medicare and Medicaid Services.
Consumers who didn't have coverage in 2014 face a fine of $95 per person or 1 percent of income, whichever is greater under the federal Affordable Care Act, known as Obamacare. That fine increases each year, to $325 or 2 percent of income in 2015 and $695 or 2.5 percent of income in 2016.
Carmike Cinemas shares jump amid sale speculation
Shares in Carmike Cinemas, the nation's fourth largest theater chain, surged 12 percent follow a report the company was looking for buyers.
In early afternoon trading, investors sent shares climbing as high as $34.90, a new 52-week high, after Reuters reported that Carmike hired JPMorgan Chase & Co. to evaluate options including a possible sale, Reuters reported.
The Columbus, Ga.-based company, which operates 2,894 screens in 41 states including Florida, has a market value of about $838 million at current prices.
In a statement, Carmike declined to confirm the report, saying its "policy is not to comment on unusual market activity or rumors."
Carmike also said it had been contacted by the NASDAQ stock exchange because of the unusual market activity.
Chief Executive David Passman told investors this month that the company, which has acquired 750 screens over three years, was looking to expand through continued acquisitions.
Oil is on its way down again; will gasoline prices follow?
NEW YORK -- The price of oil is tumbling again, rattling an already-shaken oil industry and heralding lower prices for consumers.
The price of oil fell 10 percent this week, approaching its lowest price in six years. Many expect it to fall further in the coming weeks because supplies are rising and the summer driving season is still months away.
The lower crude prices will mean gasoline prices will slide lower in the coming weeks, and many drivers will likely pay under $2 a gallon in the summertime for the first time since 2004.
-- Herald wire reports