Aetna CEO addresses antitrust concerns over Humana deal
NEW YORK (Reuters) – Aetna Inc’s chief executive said Monday he was confident any antitrust review of the health insurer’s proposed purchase of smaller rival Humana Inc would allow the deal to close in the second half of 2016.
U.S. banks post detailed crisis plans to avoid breakup threat
WASHINGTON (Reuters) – A dozen of the largest Wall Street banks on Monday published detailed plans to show how they would shut down their business during a crisis without the help of taxpayer money, a crucial step to prevent being broken up by regulato…
Oil crashes 8 percent as Greek vote, Iran talks set off exodus
NEW YORK (Reuters) – Oil prices suffered their biggest selloff in five months on Monday, falling as much as 8 percent as Greece’s rejection of debt bailout terms and China’s stock market woes set off a deepening spiral of losses.
Services sector activity growth slows in June: Markit
NEW YORK (Reuters) – U.S. services sector expansion eased for a third straight month in June, pressured by a slowdown in employment and output growth, an industry report showed on Monday.
Teva plans to raise Mylan bid by as much as $2 billion: Bloomberg
(Reuters) – Teva Pharmaceutical Industries Ltd is preparing to raise its bid for rival drugmaker Mylan NV by as much as $2 billion, to $43 billion, Bloomberg reported on Monday, citing people familiar with the matter.
Airbus leads Boeing on first-half orders, behind on deliveries
PARIS (Reuters) – (This version of the story was refiled to correct mis-spelling of Syphax in advisory line, also adds Boeing data, Syphax cancellation)
More strikes loom at Lufthansa after talks with pilots fail
FRANKFURT/BERLIN (Reuters) – Talks between Lufthansa and pilots’ union Vereinigung Cockpit (VC) about taking a pay dispute to mediation have failed, raising the prospect of strikes at the height of the summer travel season, the union said on Monday.
China stocks rise as Beijing’s emergency moves brings some relief
SHANGHAI (Reuters) – Chinese stocks rose on Monday, as an unprecedented series of support measures unleashed by Beijing brought some relief to a market whose headlong slide over the past three weeks had raised fears about the stability of the world’s s…
American Apparel to cut costs, warns may need more funds
(Reuters) – Struggling teen clothing retailer American Apparel Inc launched a restructuring plan to cut costs but warned it may not be enough to meet funding requirements in the next 12 months.
Renault launches Talisman, replacing laggard Laguna
CHANTILLY, France (Reuters) – French carmaker Renault on Monday launched its new Talisman model, replacing the Laguna at the top of its private passenger vehicle range in the hope it will do better against the German competition.
