MONEY (MSM)
NEW YORK/WASHINGTON (Reuters) – U.S. insurance regulators and state attorneys general are lining up to scrutinize Aetna Inc’s proposed $33 billion takeover of rival Humana Inc for potential harm to consumers, complicating what is already expected to be a tough and lengthy review by federal antitrust authorities. Insurance commissioners in 18 states including Texas, Kentucky and Florida will study merger documents provided by Humana to determine whether the deal will
United Technologies last month announced it was exiting the helicopter area and would either sell Sikorsky or spin it off, following a review of strategic alternatives. Reuters reported on Wednesday that Lockheed and Textron Inc (TXT.N) had emerged as final contenders to buy Sikorsky, with a decision possible by the end of the month. United Tech could still instead seek to spin off the business, the sources said.
United Technologies last month announced it was exiting the helicopter area and would either sell Sikorsky or spin it off, following a review of strategic alternatives. Reuters reported on Wednesday that Lockheed and Textron Inc (TXT.N) had emerged as final contenders to buy Sikorsky, with a decision possible by the end of the month. United Tech could still instead seek to spin off the business, the sources said.
At least five former traders are under investigation for their role in rigging the U.S. dollar version of the interest-rate benchmark, Bloomberg said. Spokesmen from the Justice Department and Deutsche Bank declined to comment.
At least five former traders are under investigation for their role in rigging the U.S. dollar version of the interest-rate benchmark, Bloomberg said. Spokesmen from the Justice Department and Deutsche Bank declined to comment.
A U.S. federal judge on Friday dismissed a lawsuit by former Lehman Brothers Holdings Inc employees seeking to hold onetime Chief Executive Richard Fuld liable for their retirement plan losses as the Wall Street bank plunged into its 2008 bankruptcy. U.S. District Judge Lewis Kaplan in Manhattan rejected claims that Fuld breached an obligation to share what he knew about Lehman’s fast-deteriorating finances with officials who oversaw the plan, where
A U.S. federal judge on Friday dismissed a lawsuit by former Lehman Brothers Holdings Inc employees seeking to hold onetime Chief Executive Richard Fuld liable for their retirement plan losses as the Wall Street bank plunged into its 2008 bankruptcy. U.S. District Judge Lewis Kaplan in Manhattan rejected claims that Fuld breached an obligation to share what he knew about Lehman’s fast-deteriorating finances with officials who oversaw the plan, where
Yahoo Finance’s Midday Movers is live each weekday at 12pm ET, covering all the latest news on the markets, the economy and the biggest stories of the day.
Yahoo Finance’s Midday Movers is live each weekday at 12pm ET, covering all the latest news on the markets, the economy and the biggest stories of the day.
U.S. stocks surged as a second day of recovery in Chinese stocks and hopes of a resolution in Greece boosted investor sentiment.
