Anthem likely to pull back from Obamacare markets in 2018: Jefferies
(Reuters) – Anthem Inc is likely to exit from a large portion of its Obamacare individual insurance markets next year, Jefferies analysts said, nearly a week after Republican leaders pulled legislation to overhaul the U.S. healthcare system.
Jeep CEO sees U.S. 2017 sales up or flat despite fleet reduction
DETROIT (Reuters) – Fiat Chrysler Automobiles NV’s Jeep chief Mike Manley said on Thursday that despite a deliberate reduction in fleet sales by the brand, full-year 2017 U.S. sales should still be up or on pace with last year’s total.
Viacom looks to rival major U.S. cable channels with Paramount Network
(Reuters) – When Viacom Inc’s Spike TV rebrands as the Paramount Network in early 2018, the struggling media company hopes to position itself as a challenger to top-rated U.S. cable networks like Comcast Corp’s USA and Time Warner Inc’s TNT with shows that have the caliber of HBO.
Investors bet on a quiet tech revolution in Europe
LONDON (Reuters) – It’s not banking or mining shares, but rather technology stocks, that have come up trumps in Europe this year and are poised to end the first quarter as the best-performing sector.
Einhorn’s GM plan poses conflict challenge for board
NEW YORK (Reuters) – Hedge fund manager David Einhorn’s unusual plan to divide General Motors Co’s shares into two classes poses a potential corporate governance minefield for GM board members.
Lululemon shares tumble after disappointing sales forecast
TORONTO (Reuters) – Shares of Lululemon Athletica Inc sank to their lowest in more than a year on Thursday, after the Canadian yogawear apparel maker warned that first-quarter sales would fall.
McDonald’s Quarter Pounders to be made with fresh beef
(Reuters) – Fast food giant McDonald’s Corp said on Thursday it would make its Quarter Pounder burgers with fresh beef, prepared when ordered, by mid-2018 in most of its restaurants.
Volkswagen settles 10 U.S. state diesel claims for $157 million
WASHINGTON (Reuters) – Volkswagen AG said on Thursday it has agreed to pay $157.45 million to settle environmental claims from 10 U.S. states over its excess diesel emissions, as the world’s largest automaker looks to move past the scandal.
U.S. finds dumping of certain steel plate from seven producers, slaps on duties
WASHINGTON (Reuters) – The Department of Commerce made a final finding that seven foreign producers dumped certain carbon and alloy steel cut-to-length (CTL) plate in the U.S. market, allowing for imposition of duties ranging from 3.6 percent to 148.2 …
U.S. awards AT&T contract to build wireless network for first responders
(Reuters) – The United States on Thursday awarded a contract to AT&T Inc to build a nationwide wireless broadband network to better equip first responders, years after a federal commission recommended setting up such a system following the 9/11 attacks.
