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Billionaire industrialist and conservative donor David Koch dies at age 79

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WASHINGTON (Reuters) – Billionaire industrialist David Koch, a driving force behind conglomerate Koch Industries who as one of the world’s richest people became a major financier of conservative causes and political candidates, has died at age 79, his brother said on Friday. FILE PHOTO: Businessman David Koch arrives at the Metropolitan Museum of Art Costume Read More

Column: U.S. Medicare readies new plan-shopping website, but timing prompts concerns

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CHICAGO (Reuters) – (The opinions expressed here are those of the author, a columnist for Reuters.) FILE PHOTO: Pharmaceutical tablets and capsules are arranged in the shape of a U.S. dollar sign on a table in this picture illustration taken in Ljubljana, Slovenia, Aug. 20, 2014. REUTERS/Srdjan Zivulovic/File Photo Medicare experts often advise enrollees to Read More

Syria opens ‘humanitarian corridor’ for civilians to flee rebel area

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A “humanitarian corridor” has been opened in Syria so civilians from one of the last remaining rebel-held regions can leave and enter government-held territory, authorities have said. The country’s foreign ministry said the corridor in the village of Suran, to the south of Hama province, would allow people from the north of Hama and southern Read More

Exclusive: Philips, under investigation in U.S. and Brazil, fired whistleblower who warned of graft

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SAO PAULO, August 21 (Reuters) – Healthcare giant Philips was warned of suspicious sales of its medical equipment to the Brazilian government, and failed to halt them, nearly a decade before an alleged bribery racket was exposed in the company’s Brazil operations last year, Reuters has learned. The Philips headquarters is pictured in Barueri, on Read More

US praises sanctions for killing Iran’s economy, then blames Tehran for people’s suffering

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The US State Department can’t seem to make up its mind about the cause of Iran’s economic woes, claiming Tehran’s “Marxist economy” is to blame even as it celebrates the devastation US sanctions have wrought on the country. Speaking to reporters in New York on Tuesday, US special envoy for Iran Brian Hook assailed the Read More

Exclusive: Cigna seeks sale of group benefits insurance business – sources

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(Reuters) – U.S. health insurer Cigna Corp (CI.N) is exploring a sale of its group benefits insurance business, which could be valued at as much as $6 billion, four people familiar with the matter said on Tuesday. FILE PHOTO: A screen displays the logo fro Cigna Corp. on the floor at the New York Stock Read More

Who is next in big pharma’s merger spree?

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(Reuters) – Consolidation in the U.S. healthcare industry, which has already witnessed a string of multi-billion dollar deals, is expected to remain a major theme for the rest of 2019. FILE PHOTO: A sign marks a Biogen facility in Cambridge, Massachusetts, U.S. January 26, 2017. REUTERS/Brian Snyder/File Photo Bristol-Myers Squibb’s $74 billion acquisition of Celgene Read More

STAR Market tech board offers hope to Chinese venture capitalists

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SHANGHAI/HONG KONG (Reuters) – When Chinese venture capital firm New Vision Capital invested in two startups focusing on cloud computing and micro-optics, the plan was to eventually take them public on the Nasdaq exchange. FILE PHOTO – A sign for STAR Market, China’s new Nasdaq-style tech board, is seen after the listing ceremony of the Read More

Exclusive: Buyout firms KKR, Blackstone among bidders for Philippine hospitals group – sources

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SINGAPORE (Reuters) – Buyout firms KKR (KKR.N), Blackstone (BX.N) and CVC are among bidders competing for a stake in the hospital unit of Philippines’ Metro Pacific Investments Corp (MPI.PS), people with knowledge of the matter told Reuters. FILE PHOTO – Trading information for KKR & Co is displayed on a screen on the floor of Read More

Exclusive: Private-equity funds bid for Philippine hospitals group – sources

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FILE PHOTO – Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid SINGAPORE (Reuters) – Buyout firms such as KKR (KKR.N), Blackstone (BX.N) and CVC are competing to buy a stake in the hospital Read More