U.S. healthcare system wastes up to $800 billion a year
The U.S. healthcare system is just as wasteful as President Barack Obama says it is, and proposed reforms could be paid for by fixing some of the most obvious inefficiencies, preventing mistakes and fighting fraud, according to a Thomson Reuters report released on Monday. Read Full Article here.
ING to split in two, launch rights issue
Dutch bancassurer ING Group NV will split in two, shrinking itself into a smaller Europe-focused bank, in the most striking example yet of the deep changes the EU wants to force on banks that received state aid. Read Full Article here.
Disney CEO calls for rethink of movie model: report
The chief executive of Walt Disney has called for a thorough reexamination of the business model for marketing and producing movies as DVD sales tumble and distribution costs rise. Read Full Article here.
Verizon Q3 profit falls, wireless subscribers beat
Verizon Communications Inc's third-quarter profit fell a less-than-expected 9 percent as it added more wireless customers than analysts had forecast. Read Full Article here.
Sony partners with Netflix to stream movies on PS3
Sony Corp said on Monday it is partnering with Netflix Inc to provide access to the online movie rental company's library through Sony's PlayStation 3 video game console. Read Full Article here.
HealthSouth plans to fund dissident nominees' expenses: report
HealthSouth Corp , a U.S. hospital operator, plans to unveil a new corporate bylaw that will reimburse activist shareholders for the expense of unseating management-backed directors, the Wall Street Journal said on its website. Read Full Article here.