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Offer for Aetna Assets made for by WellCare and Centene: Reuters

Competing offers for the Medicare Advantage insurance plans have been made by WellCare Health Plans Inc and Centene Corp. Aetna Inc looks to shed the plans in seeking clearance for its acquisition of Humana Inc, reports news agency Reuters.    At the centre of Aetna's efforts to win...

Two Year High Operating Profit Likely to be Achieved by LG Electronics in the Second Quarter

Driven by strong contributions from its mainstay home appliances and television set businesses, South Korea's LG Electronics Inc said that its second-quarter operating profit likely reached a two-year high.   The April-June profit was likely 585 billion won ($504 million), compared with the...

Jurors Order DuPont Additional $500,000 in Lawsuit over Teflon-Making Chemical

A man who said he developed testicular cancer from exposure to a toxic chemical used to make Teflon at one of DuPont’s plants has been awarded an additional $500,000 in punitive damages by U.S. jurors.   A lawyer for the plaintiff said that the ordered was passed on Friday against DuPont....

More Data against More Expensive Plans to be Offered by Verizon

Keeping in mind the increasing trend among customers who are increasingly streaming content through mobile devices, Verizon Communications Inc, the No. 1 U.S. wireless provider, said that it would expand data buckets by 30 percent for its customers but would at the same time increase plan rates for...

Backed by KKR, $65 Million Raised by Cybersecurity start-up Darktrace

$65 million in a funding round led by U.S. private equity giant KKR has been raised by Darktrace, a U.K. cybersecurity firm that positions its software as the "human immune system" for networks, the start-up announced recently.   While new investors TenEleven Ventures and SoftBank...

25 Percent Stake in Kuka to be Sold to Chinese Bidder Midea by Investor Voith

The 25.1 percent stake it holds in the robot making company Kuka would be sold to the Chinese bidder Midea for about 1.2 billion euros ($1.34 billion) by the German mechanical engineering group Voith which recently made the announcement.   This sale of the Voith share in Kuka would help...

Starbucks to debut small-lot Indian coffee in U.S. this year

Starbucks Corp. plans it big for India.   As the world’s largest coffee chain seeks to open a spate of new stores in coming years, it is expanding its roasting capacity in India while it wants to increase its presence in the world’s second-most populous country from the fewer than 100 cafes...

Future of Tesla being Squared off Against China by Elon Musk

Tesla would require unprecedented quantities of metals like Lithium, Nickel, Cobalt and Aluminum to reach an ambitious goal - producing 500,000 electric vehicles a year by 2018. These metals are used to make lithium ion batteries.   The 373,000 preorders for the Model 3 sedan has prompted...

Federal Agents Raid Platinum Partners Amid Dual Investigations

The New York headquarters of hedge fund firm Platinum Partners was raided by agents from the Federal Bureau of Investigation and the U.S. Postal Inspection Service earlier this week.   Media reports quoting sources form the government agencies informed this.   “We are in receipt of a...

BlackBerry's CEO says Making Devices Profitable this Year is the Top Goal

Even while Blackberry closely weighs the future of its hardware operation, its chief executive said very recently that the company’s top priority this year is making its devices business profitable.   "The device business must be profitable, because we don't want to run a business that drags...

Up to $3 billion in Deals Offered to McDonald’s for its China, HK stores: Reuters

In an auction that could fetch up to $3 billion, more than half a dozen offers that include bids from Beijing Tourism Group, Sanpower and ChemChina have been made for McDonald's Corp’s China and Hong Kong stores, reported Reuters quoting people familiar with the matter.   A joint bid has...

Lawsuit against Alibaba over Pre-IPO Regulatory Warning Dismissed in US Court

A US lawsuit against Alibaba Group Holdings Ltd was dismissed earlier this week on Tuesday in the US giving the Chinese e-commerce giant some releif.   The largest e-commerce company of China was accused in the lawsuit of concealing a regulator's warning about its ability to suppress...
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