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.
INTERVIEW: BASF Board Member confirms Mid-Term European Growth Guidance
German chemical company BASF SE (BAS.XE) is sticking to its mid-term growth targets for Europe, despite the region's debt crisis, management board member Harald Schwager told Dow Jones Newswires in an interview.
TNK-BP Sells Novosibirsk Region Assets
Anglo-Russian oil producer TNK-BP (TNBP.RS) said Monday it had completed the sale of two upstream assets in order to optimize its asset portfolio and improve output efficiency.
China Says U.S. Clean Energy Projects Violate WTO Rules
China's Commerce Ministry on Monday said six renewable energy projects in five U.S. states have violated global trade rules, following a nine-months-long probe, but it stopped short of announcing any penalties.
KPN Loses Market Share in the Netherlands as Mobile Revenue Drops
The Netherlands' biggest telecommunications firm, Royal KPN NV (KPN.AE), lost market share in its home market in the second quarter of the year, as its mobile service revenue fell more than that of its competitors amid a general decline in voice revenue, research company Telecompaper said Monday.
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
The home-improvement retailer saw its margins squeezed and cut its projections for the year saying it now expects earnings of $1.64 a share on flat sales.
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.