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Seeking to Block Termination of Merger, Anthem Obtains Restraining Order on Cigna

Smaller rival Cigna Corp was delivered a restraining order that blocks it from officially terminating their proposed $54 billion merger after Anthem Inc won a temporary that would delay the transaction that has already been rejected by U.S. antitrust regulators.   Saying it would keep the...

Berkshire Boosts Airline Stakes; Takes Huge Bite Of Apple

Nearly quadrupling its stake in Apple Inc and increasing its stake sevenfold in the four biggest U.S. airlines, Warren Buffett's Berkshire Hathaway Inc was an aggressive buyer of stocks in last year's fourth quarter.   Up from just from 15.2 million shares in the iPhone maker three months...

Arrest of Samsung Chief Again Sought by South Korean Prosecution

Samsung Group chief Jay Y. Lee, a suspect in a graft investigation that may topple President Park Geun-hye, was sought to be arrested by South Korea's special prosecutor's office as it said that it would again seek a warrant to arrest Lee.   On Monday, questioned for more than 15 hours by...

Apple Leaves Some Investors In Dust But Hits Record High

In what amounts to a victory for plain-vanilla mutual funds over a bevy of hedge fund managers who recently backed away from the iPhone maker, Apple shares cruised to a record-high close Monday, helping catapult the S&P 500 stock index over the $20 trillion mark.   Giving it a market...

While Other Perils Threaten, Toshiba Prepares To Unveil Nuclear Hole

Investor attention to the Japanese group's efforts to fix that and other balance sheet headaches would be turned as Toshiba Corp, after bruising cost overruns at its U.S. nuclear arm, will detail a writedown of close to $6 billion.   A year after a $1.3 billion accounting scandal, warnings...

Toshiba Left with $3.5 Billion Loss in Third Quarter from Nuclear Write-Down: Nikkei

The Nikkei reported on Sunday that in the nine months through December, Japanese conglomerate Toshiba Corp probably suffered a group net loss of about 400 billion yen ($3.52 billion).   The company suffered loss of around 600 billion yen on a U.S. nuclear unit that came to light in late 2016...

In Relation to Suspicion of Bribery, Samsung’s Lee is to be Summoned Again by South Korea Prosecutors

As the Samsung Group investigates a graft scandal that has engulfed the country's president, the group scion Jay Y. Lee will be questioned again on suspicion of bribery on Monday, said the South Korea's special prosecutor.   While a court rejected a warrant to arrest him in the inquiry into...

Goldman Hedge Fund Shifting Staff to U.S., Folding London Operations: Reuters

Folding its London operations into the United States and shifting staff members to New York is the Goldman Sachs Investment Partners (GSIP), which opened in 2008 with one of the biggest launches in hedge fund history, reported global news agency Reuters quoting four sources.   The sources...

$13.8 Billion Singapore Air Order has Boeing as the Front Runner: Bloomberg

Amid a battle with Chinese and Middle Eastern carriers and as Singapore Airlines Ltd. closes in on an order for at least 35 wide-body aircraft, Boeing Co. is the front-runner for the order, reports Bloomberg News.   The report quoted people with knowledge of the mater saying that after...

As Profit Rebounds on Iron Ore Rally, Rio Tinto Rewards Investors

After the world’s second-biggest mining company reported the first gain in annual profit since 2013, Rio Tinto Group will pay a much higher dividend than expected and buy back $500 million of shares.   London-based Rio said on Wednesday that higher iron ore prices boosted underlying profit...

Sources say in the First Half of This year, Japan's Sharp may break ground on $7 billion U.S. plant

Taking the lead on a project initially outlined by its Taiwanese parent Foxconn, Japanese display maker Sharp Corp may start building a $7 billion plant in the United States in the first half of 2017, several media reported quoting a person with knowledge of the plan.   The Japanese Prime...

With the New Florida Site, SpaceX to Hit Fastest Launch Pace

The president of Space Exploration Technologies, better known as SpaceX, said that once a new launch pad is put into service in Florida next week, the company plans to launch its Falcon 9 rockets every two to three weeks, its fastest rate since starting launches in 2010.   It was just five...
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