BUSINESS

The Supreme Court health care decision confirming the constitutionality of the president's signature legislative achievement and expanding insurance to millions of low-income Americans under Medicaid will provide a large influx of new customers and notable revenue opportunity for Medicaid-focused managed-care organizations (MCOs).

The largest association of U.S. physicians praised the Supreme Court's decision Thursday to uphold the Affordable Care Act as a key to expanding health care to some 30 million Americans.

The Supreme Court?s ruling to uphold the Affordable Health Care Act will likely benefit the technology industry, from computer services providers like Hewlett-Packard Co. (NYSE: HPQ) to medical electronics makers like Agilent Technologies (NYSE: A).

Surjeet?s release from prison caused some confusion last week, when it was reported that another Indian prisoner in Pakistan with a similar name, Sarabjit Singh, was going to be freed from death row.

Apple (Nasdaq: AAPL), the world's most valuable technology company, may change the way iTunes works so that it?s more closely integrated with the iCloud file-storage service, news services said.

From busy lanes along the feet of skyscrapers and a throng of commuters armed with cutting edge technology, to shamanistic shrines and grand palaces, Seoul -- a city of ten million -- is an amalgamation of a modern high-tech metropolis retaining the legacy of age old traditions.

Aggressively priced at $199 for the 8GB model and $249 for the 16 GB model, the Nexus 7 is smaller than an iPad at 7 inches, but it's still packed with impressive innards, including a quad-core Tegra 3 processor, a 1.2-megapixel camera, 1GB of RAM, a 4,325mAh battery and NFC built in. The Nexus will start shipping next month with Google's updated Jelly Bean 4.1 OS.

Pranab Mukherjee, ruling UPA party's nominee and former finance minister of India filed his nomination papers for the July 19 presidential elections on Thursday, in the presence of Prime Minister Manmohan Singh, Congress Party chief Sonia Gandhi and other leaders.

The newspapers that give Rupert Murdoch's News Corp. (Nasdaq: NWSA) its name may soon be on their own after the media giant's board approved a breakup that could radically reshape the global media landscape.

Along with the announcement of Android 4.1 Jelly Bean, Google also said that OTA updates of Jelly Bean would be released in mid-July for Nexus S, Galaxy Nexus and Xoom. If you are wondering what about the Samsung Galaxy S3, the device could possibly be well-equipped to run on the upcoming Android version.

U.S. stock index futures declined Thursday morning, pointing to a lower opening on Wall Street ahead of a decisive European Union summit in Brussels, where EU leaders will meet to tackle the euro zone debt crisis head on. The summit will take place June 28-29.

Asian stock markets mostly advanced Thursday as better-than-expected economic data from the US buoyed sentiment, but gains were capped as investors are being cautious ahead of the EU summit later in the day.

European markets rose Thursday following encouraging data from the U.S., but investors remain watchful ahead of the European Union summit in Brussels on Thursday and Friday, where leaders will discuss tackling the EU debt crisis with concrete measures

The top after-market Nasdaq gainers Wednesday were Flow International Corporation, Halozyme Therapeutics Inc, Heartland Express Inc, Array BioPharma Inc and CalAmp Corp Inc. The top after-market Nasdaq losers were: Synta Pharmaceuticals Corp, Splunk Inc, Grand Canyon Education Inc, Synageva BioPharma Corp and Seagate Technology.

The top after-market NYSE gainers Wednesday were: Teekay Tankers, GFI Group, Star Gas Partners, EnerSys and Hovnanian Enterprises. The top after-market NYSE losers were: Energy Transfer Partners, New York Times, US Airways Group, Weatherford International and Terex Corp.

Japan?s retail sales growth slowed down in the year to May compared to April indicating that private consumption is getting affected by the faltering global economic conditions.

Most Asian markets rose Thursday as encouraging data from the U.S. softened concerns about the debt crisis looming over the euro zone.

German Chancellor Angela Merkel held two hours of talks with French President Francois Hollande in Paris before departing for the European summit in Brussels Thursday night.

Google unveiled its Nexus Tablet 7 at its I/O developer?s conference, as analysts and critics predicted. The device boasted a host of alluring new features such as the latest version of Android?s operating system. But underneath the sleek build and smooth software lies what could represent a turning point in the gaming industry.

Indian Prime Minister Manmohan Singh took charge of the finance ministry on Wednesday and has initiated action to set up a unified mechanism for the ministry. The prime minister held a meeting with his key advisors and officials in this regard on Wednesday, local media reports said.

At its I/O Conference for developers in San Francisco, Google unveiled a new Android operating system called Jelly Bean, a brand-new tablet from Google called the Nexus 7, and even gave a demonstration and pre-order information for its highly-anticipated, high-tech headgear, also known as Project Glass. But one of the strange unveilings at I/O was the orb-shaped hub known as the Nexus Q, which was Google's response to the Apple TV.

Stockton, California, is expected to file for bankruptcy before the end of the week, becoming the largest U.S. city to seek protection from its creditors.

Rhode Island taxpayers are on the hook for more than $100 million over the next eight years because of the collapse of 38 Studios, Former Red Sox and Phillies pitching ace Curt Schilling's video-game enterprise, which filed for bankruptcy earlier this month

The Federal Reserve is charting a course for more stringent capital reserve requirements for the largest banking institutions in the U.S., in line with new international rules representing the Basel III accord.

Peter Madoff has reportedly agreed to a 10-year prison term.

Barclays Plc (NYSE: BCS) agreed Wednesday to pay $453 million in fines to settle claims made by U.S. and UK. bank regulators and law enforcement agencies for the bank's alleged involvement in a scheme to manipulate two global benchmark interest rates.

People caught with small amounts of marijuana in Chicago will not be going to jail anymore

Microsoft Corporation's (Nasdaq: MSFT) Athens, Greece headquarters was firebombed on Wednesday by gunmen who drove a van loaded with gasoline through the doors of the four story building, Reuters reported.

State-controlled Bank of China (Hong Kong: 3988) opened its first branch in Taipei Wednesday in the first arrival of a mainland bank in Taiwan and plans to increase lending to local businesses, China Daily reported.