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Archive: (11 Stories)

Switzerland's UBS to buy back risky asset fund

07/30/2013 2:34am
Swiss bank UBS says it plans to buy back a fund set up during the 2008 financial crisis into which it offloaded high-risk assets.

Community Health plans $3.9B acquisition

07/30/2013 5:49am
Community Health Systems plans to buy fellow hospital operator Health Management Associates for about $3.9 billion in a deal that it says will leave it well positioned to benefit from the health care overhaul.

Stocks of fertilizer companies hammered

07/30/2013 1:18pm
On Tuesday the fertilizer hit the fan.

News Summary: Community Health plans $3.9B deal

07/30/2013 2:03pm
POSSIBLE DEAL: Community Health Systems Inc. plans to spend $3.9 billion to acquire Health Management Associates Inc. in a deal that would create the largest for-profit hospital chain based on the number of hospitals.

Community Health plans $3.9B acquisition

07/30/2013 3:15pm
Community Health Systems Inc. plans to spend $3.9 billion to acquire Health Management Associates Inc. in a deal that would create a giant U.S. hospital chain just as the health care overhaul starts funneling millions of newly insured people into the health care system.

Hess selling energy marketing business for $1.03B

07/30/2013 3:18pm
Hess is selling its energy marketing business to a subsidiary of Centrica PLC for approximately $1.03 billion. The sale is part of Hess' plan to focus on its exploration and production activities.

Southern Co. taking $450M charge for Miss. plant

07/30/2013 4:44pm
Southern Co. shareholders will absorb $450 million in losses incurred while building a new coal-fired power plant in Mississippi, raising the total losses on the construction project to nearly $1 billion, the utility announced Tuesday.

FERC: JPMorgan owes $410M for price manipulation

07/30/2013 5:40pm
JPMorgan Chase & Co. agreed to pay $410 million on Tuesday to settle accusations by U.S. energy regulators that it manipulated electricity prices.

Judge says he can't end Chrysler stock fight yet

07/30/2013 7:49pm
A Delaware judge on Tuesday said he needs to hear more evidence before he can decide how much Fiat should pay to buy some outstanding shares of U.S. automaker Chrysler.

Fed likely to offer few clues on rate policies

07/30/2013 10:02pm
Chairman Ben Bernanke rattled markets last month when he said the Federal Reserve might slow its bond purchases later this year if the economy strengthens.

Ford to offer natural gas F-150 for 2014

07/30/2013 10:02pm
Ford soon will offer a natural gas version of its F-150 pickup truck, the most popular vehicle in America.