Judge dismisses Missouri Medicaid lawsuit

A state court judge dismissed a lawsuit today that Molina Healthcare had filed in hopes of halting Missouri’s recent award of $1.1 billion in manged care contracts.
Molina, a losing bidder on the contracts, had accused state officials of violating Missouri’s competitive bidding law in awarding the Medicaid contracts on Feb. 17 to Clayton-based Centene Corp. […]

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Sarkozy Becomes First French President in 30 Years to Be Ousted - Bloomberg

Nicolas Sarkozy

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Buffett shows off Berkshire products at meeting

Billionaire Warren Buffett loves to showcase his company’s products at the annual meeting with a 200,000-square-foot exhibit hall filled with displays where Berkshire Hathaway companies like Dairy Queen and Clayton Homes sell items.
Buffett said Saturday he was feeling good despite disclosing last month that he had been diagnosed with prostate cancer.
Buffett employed the newspaper tossing […]

The 86 million invisible unemployed

There are far more jobless people in the United States than you might think.
While it’s true that the unemployment rate is falling, that doesn’t include the millions of nonworking adults who aren’t even looking for a job anymore. And hiring isn’t strong enough to keep up with population growth.

As a result, the labor […]

U.K. Factory Index Falls More Than Forecast on Export Slump - Bloomberg

A U.K. manufacturing index fell more than economists forecast in April to show its weakest growth this year as export orders declined the most since May 2009.
A gauge of factory output, based on a survey by Markit Economics and the Chartered Institute of Purchasing and Supply, dropped to 50.5 from a revised 51.9 in […]

CPI Corp. to delay filing annual report


Paper: UBS head calls tax flap ‘economic war’

Switzerland’s tax disputes with the United States and some European nations are “an economic war” putting 20,000 jobs at risk, the CEO of Swiss banking giant UBS AG has been quoted as saying.
Switzerland has recently tried to shed its image as a tax haven, signing deals with the United States, Germany and Britain to provide […]

Morgan Stanley stock jumps on earnings

Morgan Stanley reported better-than-expected quarterly results Thursday helped by a steep run up in its stock and bond trading activity.
Excluding certain accounting changes, trading revenue increased in the first quarter to $4.14 billion, up 18% from a year earlier, and double from the fourth quarter. Those gains came even as stock trading volume slowed […]

IMF Says European Banks May Have to Sell $3.8 Trillion in Assets - Bloomberg

European banks could be forced to sell as much as $3.8 trillion in assets through 2013 and curb lending if governments fall short of their pledges to stem the sovereign debt crisis or face a shock their firewall can

Iran vows “new initiatives” in talks with West

Iran’s top nuclear negotiator says his country will offer “new initiatives” in talks this weekend with world powers.
The remarks by Saeed Jalili come ahead of the Saturday talks over Tehran’s controversial nuclear program with six countries, including the United States and five other world powers in Istanbul. It is the first time the two sides […]