Insurer Aetna to buy Coventry Health for $5.7 Billion:WSJ
Aetna has signed a deal to buy rival Coventry Health Care for $5.7 billion.
Pharmacyclics Receives Milestone Payment for Cancer Drug Clinical Trial
Pharmacyclics Inc. (PCYC) said the enrollment of a fifth patient in a clinical trial for a non-Hodgkins lymphoma treatment has triggered another $50 million milestone payment from Janssen Biotech Inc., a unit of Johnson & Johnson (JNJ).
Brazil Mobile Phone Subscriptions up 0.11% in July From June
Brazil's mobile-phone subscriptions increased again in July, however at a slower pace than in the first half of the year, as the regulator suspended temporarily the sales of some local mobile companies in the period, according to figures released over the weekend by telecommunications regulator
Lowe's Net Drops 10% on Weak Same-Store Sales
Lowe's Cos. (LOW) says fiscal second-quarter earnings fell 10% as the home-improvement retailer saw its margins squeezed, while same-store sales declined slightly. "Our results fell short of our overall expectations," Chief Executive Robert A. Niblock said. "However, I have confidence in our
Aetna to Scoop Up Coventry Health for $5.7B
Insurer Aetna revealed plans to buy rival Coventry Health Care for $5.7 billion in cash and stock in the latest big-ticket merger in the health-care sector.
HTC to Buy 17.1% of US Software Developer for US$35.4 Million
HTC Corp. (2498.TW) said Monday it plans to acquire 17.1% of U.S. software developer Magnet Systems Inc. for US$35.4 million to boost HTC's software applications for mobile devices.
Lowe's Second-Quarter Net Drops 10% on Weak Same-Store Sales
Lowe's Cos.' (LOW) fiscal second-quarter earnings fell 10% as the home-improvement retailer saw its margins squeezed, while same-store sales declined slightly.
WSJ UPDATE: Aetna Confirms Deal to Buy Coventry for $5.7 Billion
Aetna Inc. (AET) confirmed plans to buy Coventry Health Care Inc. (CVH) for $5.7 billion in cash and stock, a move that will make Aetna one of the largest providers of government-financed health care.
Ratchaburi Electricity to Pay THB1.10/Share Dividend for 1st Half Performance
Ratchaburi Electricity Generating Holding PCL (RATCH.TH), Thailand's largest private power producer by capacity, said Monday its board has approved a plan to pay an interim dividend of THB1.10 a share for its first-half operations.