Calif. regulator drops his objection to $16.4b merger of health insurers
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California's insurance commissioner approved a $16.4 billion merger creating the nation's largest health insurance company yesterday, after saying he had wrung hundreds of millions of dollars out of the companies involved that would be used to improve healthcare in the state.
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SACRAMENTO, California  - California Gov. Arnold Schwarzenegger on Tuesday vowed to press on with legislation to provide health insurance to his state's uninsured, a day after a universal health care bill he backed died in a Senate committee.
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By Clint Swett, The Sacramento Bee, Calif.  Sep. 15--Calling off a merger it had announced last March, Sacramento  software maker Unify Corp. said Thursday it will remain independent and  instead buy a piece of its erstwhile merger partner.
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Mack-Cali Realty Corp. has pulled out of its partnership with Carl Icahn and Harry Macklowe in their bid to buy office building owner Reckson Associates Realty Corp., exercising its option not to contribute $400 million to the deal, Reckson said on Saturday.
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To the delight of business  groups, California Gov. Arnold Schwarzenegger has come out  against four out of five health-care measures on the state's  Nov. 2 ballot, including one employers call a "jobs-killer."
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Health insurance stocks spiked in trading Tuesday after California Insurance Commissioner John Garamendi withdrew his opposition to the merger between WellPoint Health Networks Inc.
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Midwest Air Group Inc.  on  Wednesday said it has turned down an unsolicited merger  proposal from AirTran Holdings Inc. , parent of AirTran  Airways.
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Life insurer Resolution on Friday backed a takeover from peer Standard Life worth 4.9 billion pounds, causing it to ditch a planned merger with Friends Provident.
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Mack-Cali Realty Corp. has  pulled out of its partnership with Carl Icahn and Harry  Macklowe in their bid to buy office building owner Reckson  Associates Realty Corp., exercising its option not to  contribute $400 million to the deal, Reckson said on Saturday.
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IBA Health Ltd., Australia&#39;s largest listed health information technology provider, withdrew its bid for Health Communication Network Ltd.
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The stateâs insurance commissioner gave his blessing Tuesday to a $16.4 billion merger that would create the nationâs largest health insurance company after wringing hundreds of millions of dollars out of the companies.
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Anthem Inc. ATH.N and WellPoint  Health Networks Inc. WLP.N on Tuesday sealed their $16.5  billion merger, creating the biggest health insurance company  in the United States with 28 million members.
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In a major legal victory for Merck &amp; Co. in its massive Vioxx litigation, New Jersey's Supreme Court yesterday rejected a potential class-action lawsuit that could have cost the drug maker up to $18 billion.
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NEW YORK, November 10  - California&#39;s insurance commissioner has approved the proposed $16.5 billion merger between Anthem Inc (ATH.
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The former chairman of the U.S.  House of Representatives Energy and Commerce Committee, who  earlier this year ended negotiations to head the pharmaceutical  industry's top lobby after critics questioned the ethics of the  move, has now accepted the post, the group said on Wednesday.
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An advocacy group for U.S. retirees  said on Friday that it won a court order barring the government  from allowing companies to drop older retirees from health care  coverage while retaining coverage for younger retired workers.
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LOS ANGELES/PHILADELPHIA  - California's insurance  commissioner on Tuesday ended his opposition to Anthem Inc.'s  ATH.N proposed $16.5 billion acquisition of WellPoint Health  Networks Inc. WLP.N after Anthem agreed to hike its funding  of state health projects.