By Sneha S K (Reuters) - UnitedHealth Group (NYSE:UNH) shares plunged nearly 13% on Thursday after a Wall Street Journal report that the U.S. Department of Justice had begun a criminal investigation into the company for potential Medicare fraud. The reported probe adds to a string of recent setbacks for the healthcare conglomerate that has erased more than half, or over $300 billion, from its mark ...
Investing.com -- Chinese electric vehicle manufacturer BYD (SZ:002594) plans to set up a European center in Hungary, according to the company’s CEO and President Wang Chuanfu. The announcement was made on Thursday at a press conference alongside Hungarian Prime Minister Viktor Orban in Budapest.The new center will serve three primary functions: it will act as a hub for sales and after-sales serv ...
By Isabelle Yr Carlsson COPENHAGEN (Reuters) - The world’s first commercial-scale e-methanol plant began operations in Denmark on Tuesday, with shipping giant Maersk set to buy part of the production as a low-emission fuel for its fleet of container ships. The shipping sector is under pressure to find new sources of fuel after a majority of countries gave their backing to measures to help meet t ...
By Jonathan Stempel (Reuters) - A U.S. judge signaled he will order Southwest Airlines (NYSE:LUV) to pay 1 cent to end a lawsuit by a conservative group alleging that a now-defunct program awarding free flights to Hispanic college students was discriminatory. U.S. District Judge Sidney Fitzwater on Wednesday rejected a request by Edward Blum’s American Alliance for Equal Rights to address the me ...