Friday, January 12, 2007

WALL STREET JOURNAL - Latest News - Wal-Mart's Workers Increase Health-Plan Use



Wal-Mart said the percentage of its work force enrolled in its health plans has increased slightly this year after changes designed to increase their appeal.



AstraZeneca, Bristol Enter Drug Pact
AstraZeneca and Bristol-Myers agreed to develop and market two diabetes drugs, in a partnership unusual for big pharmaceutical rivals.



Euronext Gains Approvals for NYSE Tie-Up
The four national regulators that oversee Euronext approved the pan-European stock-exchange operator's plan to merge with New York-based NYSE.



State Farm Loses Key Katrina Suit
State Farm will likely appeal a Mississippi jury's $2.5 million punitive-damage award over the insurer's refusal to pay a Hurricane Katrina claim.



New York Times Co. Plans Job Cuts
New York Times Co. will offer buyouts to employees in its underperforming New England unit. The cost-cutting effort will target 125 positions, with the bulk of the reduction coming at the Boston Globe.



Genworth Agrees to Sell Benefits Unit
Genworth Financial agreed to sell its employee-benefits unit, which includes both life and health insurance, to Canadian financial group Sun Life for $650 million.


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