International Business Machines Corp., which is moving benefits for Medicare-eligible retirees to a private health exchange, said its contribution to their health care would be “consistent” with previous years.
America’s biggest employers, from GE to IBM, are increasingly moving retirees to insurance exchanges where they select their own health plans, an historic shift that could push more costs onto U.S. taxpayers.
A federal judge denied the U.S. government’s request to delay an order that allows deepwater oil drilling to resume while the U.S. notified an appeals court it would challenge the decision lifting the six-month moratorium.
The U.S. Supreme Court agreed to take up a multibillion-dollar fight between the drug industry and federal antitrust enforcers, a case that may determine how quickly low-price generic medicines reach the market.
Fusion-io Inc., the maker of flash- memory technology that counts Facebook Inc. as its biggest customer and Steve Wozniak as chief scientist, is also offering potential buyers three times the average growth of its rivals.