Tag "3"

June 21, 2015 MONEY (MSM)

Chinese firms pour money into U.S. R&D in shift to innovation

Surging investment by Chinese companies in U.S. research labs is yielding a fast-growing trove of patents, part of a push to mine America for ideas to help China shift from being the world’s factory floor to a driver of innovation. Largely absent from American research hubs a decade ago, Chinese firms including Huawei Technologies (HWT.UL) and ZTE Corp are now using U.S. researchers to create patents ranging from new software

June 21, 2015 MONEY (MSM)

Anthem offers $47 billion for Cigna as insurers race for a deal

U.S. health insurer Anthem Inc (ANTM.N) said on Saturday it had offered $47 billion in cash and stock for smaller rival Cigna Corp (CI.N), signaling a pick-up in the industry’s long-awaited consolidation. The biggest U.S. health insurers are seeking acquisitions to boost membership in government-paid healthcare plans and the employer-based insurance that is Cigna’s specialty. Anthem’s offer comes as Cigna, as well as insurer Aetna Inc (AET.N), are participating in

June 21, 2015 MONEY (MSM)

Greek drama nears final act, ending uncertain

Euro zone leaders will attend an emergency summit on Monday, hoping to thrash out a plan with Athens to provide Greece with additional funds to prevent it defaulting on its debt — but only if both sides play ball. With the outcome uncertain, markets will also be looking at data due on Tuesday for clues as to how the global economy rounded off the first half, with business surveys expected

June 21, 2015 MONEY (MSM)

Greece offers new proposals ahead of emergency summit

ATHENS/BRUSSELS (Reuters) – Greek Prime Minister Alexis Tsipras made a new offer on a reforms package to foreign creditors on Sunday, signaling eleventh-hour concessions to break a deadlock that has pushed Greece to the brink of bankruptcy. After months of wrangling and with anxious depositors pulling billions of euros out of Greek banks, Tsipras’s leftist government showed a new willingness this weekend to make concessions that would unlock frozen aid