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Wednesday, April 1, 2015
UnitedHealth readies for prescription drug battle
The nation's largest health insurer, UnitedHealth, will muscle up for its fight against rising prescription drug costs by spending more than US$12 billion to buy pharmacy benefits manager Catamaran Corp.
Saudi Arabia seeks out non-oil capital
Saudi Arabia has undertaken several initiatives to attract foreign capital outside of its oil and gas sector, the deputy governor of the kingdom's investment authority said Monday.
Greece will be unable to repay massive bailout debts without eventually restructuring them, the prime minister said, as pressure from lenders mounted on Athens to produce viable cost-cutting reforms to unlock emergency funds and prevent default.
Swiss Bank BSI will pay a US$211 million penalty after acknowledging it helped clients create sham identities to evade U.S. taxes, the Justice Department announced Monday.
A McMuffin for dinner? It might happen, as McDonald's USA plans to test an all-day breakfast at some locations in the San Diego area starting next month.
Volvo Cars is planning to build its first-ever U.S. assembly plant as part of a push to increase sales here.
Dutch electronics giant Philips on Tuesday said it was selling a majority stake in its LED and car lighting arm to a consortium led by China-based GO Scale Capital investment fund in a deal worth US$2.8 billion.
Oil prices fell in Asia Tuesday as dealers monitored last-ditch efforts between global powers and Iran to reach a deal on Tehran's nuclear program and ease sanctions imposed on the crude producer.
Global stock markets mostly climbed Tuesday, boosted by positive data from major economies and hopes for stimulus in China.
The euro drifted lower in Asia on Tuesday with investors following talks between debt-hit Greece and its international creditors as Athens looks to reform its bailout obligations.
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