Very different views of the impact their proposed $48 billion combination will have on health-insurance markets were presented by Anthem Inc., Cigna Corp. and the U.S. government to a federal judge. Since the deal will increase the companies’ dominance and cut consumer choice, the biggest merger in the history of the American health-insurance industry should…
The long-running dispute between Russian billionaire Dmitry Rybolovlev against a Swiss businessman who operates the biggest art storage facilities around the world has now drawn in Sotheby’s which has joined the dispute over a Leonardo da Vinci painting. The auction house’s role in the private sale of “Christ as Salvator Mundi” to Yves Bouvier, president of Natural…
Indian Prime Minister Narendra Modi has now has an alluring incentive for technology companies to build more plants in his country: the fastest-growing smartphone market in the world after having struggled in his campaign to bring more manufacturing jobs to India. According to a joint study by Counterpoint Research and India’s leading management school, the…
As Alibaba steps up its competition against Amazon and Microsoft in the rapidly-growing cloud computing market, the Chinese e-commerce giant is planning to launch four new data centers across the world. Dubai, Tokyo in Japan, Germany and Sydney, Australia are the places where the data centers will be located. With the Chinese technology giant now on nearly every…
With the ultimate aim to cut legal bills and advertising spending after tussling for years to win customers, the two biggest U.S. fantasy sports companies DraftKings and FanDuel said on Friday. In order to authorize fantasy sports in states that have declared it illegal, both companies separately fund legal defenses and lobbying for legislation and…
Facebook Inc chief executive Mark Zuckerberg said in a Facebook post very recently that the largest social media platform in the world is taking a series of steps to weed out hoaxes and other types of false information even as it faces withering criticism for failing to stem a flood of phony news articles in…
Seeking to entice consumers with new technology that’s already been embraced by other high-end smartphone makers, Apple Inc. has big plans to outfit its next iPhone with vibrant, energy-sipping organic LED displays. But with constraints continuing into 2018, people familiar with the matter said, presenting a potential challenge for the Cupertino, California-based company, the trouble…
Ford’s new EcoSport model could fuel the biggest debate over automotive trade even as it is set to become the smallest SUV in the Detroit automaker’s line-up. This is because instead of an assembly line in the United States, the little EcoSport will roll off a Ford assembly line in India. A company decision that…
Calls and pledges to “strongly support” and stick with low-carbon policies, investment in the low-carbon economy, and U.S. participation in the Paris Agreement were made to President Barack Obama, President-elect Donald Trump, members of Congress and world leaders by a group of over 300 major businesses and investors in the U.S. Before adding that failure…
Putting Snapchat, the messaging app, a step closer to the biggest U.S. stock market debut since 2014, the company has filed for an initial public offering, reported the media quoting sources familiar with the situation. The Venice, California-based company would be made the largest IPO since Chinese e-commerce giant Alibaba Group Holding Ltd’s went public…
