Quest loses UnitedHealth contract for 2007
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Lab testing company Quest Diagnostics Inc.  on Tuesday said it will no longer be a contracted provider for insurer UnitedHealth Group Inc. , an agreement that had accounted for 7 percent of Quest's annual revenue.
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A complaining patient removed from a medical practice's list has prompted concerns about new doctors' contracts.
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CHICAGO -- Genentech Inc. lost a ruling on a patent that generates an estimated $300 million a year in royalties from rivals using the technology to make cancer and arthritis treatments.
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Remy Cointreau reports an annual loss after a costly decision to exit a distribution alliance.
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Lockheed Martin Corp. said Monday it lost its court bid Friday to keep some of the money it lost in a failed Idaho cleanup project, causing it to book a $110 million, or 25 cents a share, charge in its fourth quarter.
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Northwest Airlines Corp. CEO Richard Anderson has resigned to take an executive job at UnitedHealth Group Inc. Anderson, 49, who took over the top job at the Eagan-based airline in 2001, will become an executive vice president at UnitedHealth.
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More than 1,700 health-care workers at Group Health Cooperative walked out on strike early Monday morning in a contract dispute that centers on how much workers should pay for their health-care benefits.
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THQ hoses down its near-term prospects.
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Health insurer UnitedHealth Group Inc.  said on Monday it would acquire Sierra Health Services Inc.  for more than $2.4 billion to help it expand in the fast-growing U.S. Southwest region.
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In August 2000, three years after its founding, Hallmark Health System was in shaky financial health. Its bonded indebtedness was $106 million, and there was talk about how much longer the company could last.
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Where to begin? Last Friday, Bain Capital and others closed their $21.3 billion deal to buy healthcare giant HCA Corp., considered the epic private equity transaction of 2006 as the ink dried. Two days later, a challenger emerged.
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UnitedHealth Group Inc., one of the largest providers of health insurance in the United States, has paid $20 million to 37 states in order to settle claims processing problems, according to the New York State Department of Insurance.
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Officials terminated the $877 million contract for the vaccine after VaxGen failed to start required clinical trials.
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Instead, five years after anthrax attacks left five dead, sickened 17 and panicked the country, the nearly $1 billion contract awarded by the U.S. Department of Health and Human Services to a tiny and struggling San Francisco Bay Area biotechnology company is plagued with misfortune and delays.
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The companies have lost a court ruling that may result in their paying royalties on an experimental cancer drug to an Israeli research institute.
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DETROIT -- General Motors Corp. reported a $38.7 billion loss for 2007 on Tuesday, the largest annual loss ever for an automotive company, and said it is making a new round of buyback offers to U.S. hourly workers in hopes of replacing some of them with lower-paid help.
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AT&amp;T Corp. swung to a third-quarter loss of $7.1 billion after recording huge charges related to the company&#39;s retreat from traditional telephone services, which has included at least 7,500 more job cuts and