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Companies team for technologies
LOS ANGELES, Aug. 3 (UPI) -- California's insurance commissioner was sued Tuesday for rejecting the proposed acquisition of insurance giant WellPoint Health Networks by rival Anthem.
Anthem's suit filed in Los Angeles County Superior Court alleges Commissioner John Garamendi violated his authority by blocking the merger. The legal action seeks an injunction allowing the $16 billion deal to be completed.
Anthem's chief legal officer, David Frick, said the two companies have met all legal requirements for a merger and had planned to invest $450 million over 20 years in "underserved California communities."
Garamendi repeated in a statement late Tuesday his contention the merger would drain resources from the new company's California operations in order to enrich stockholders and corporate executives.
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ASUNCION, Paraguay, May 22 (UPI) --
Land-locked Paraguay is hoping the latest investor seeking oil in its promising western region will have better results than previous prospectors.
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WASHINGTON, May 22 (UPI) --
A U.S. Senate committee report has revived controversy over alleged counterfeit Chinese electronic components entering U.S.-made defense equipment and weapons.
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Like housing markets overall, the market for luxury homes is growing tighter as the spring buying progresses. Though still a buyer's market, the ILHM Luxury Housing Report for last week shows a pattern of rising prices and fewer days on market since...
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What if Europe turned out to be the new Japan?
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