IBT Staff Reporter

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Exclusive: WellPoint routinely targets breast cancer patients

One after another, shortly after a diagnosis of breast cancer, each of the women learned that her health insurance had been canceled. First there was Yenny Hsu, who lived and worked in Los Angeles. Later, Robin Beaton, a registered nurse from Texas. And then, most recently, there was Patricia Relling, a successful art gallery owner and interior designer from Louisville, Kentucky.

Goldman CEO watches Obama as clients urged to stay

Goldman Sachs Group Inc intensified its public relations counteroffensive on Thursday over fraud charges, as the company's chief executive watched the U.S. president urge Wall Street to back regulatory reforms.

Philip Morris misses estimates, Reynolds beats

Philip Morris International , which sells Marlboro cigarettes and other brands internationally, posted a lower-than-expected quarterly profit, hurt by a tax increases and a weak economy in parts of Europe.

US Air out of merger talks, Southwest posts profit

US Airways Group Inc said on Thursday it had dropped out of merger discussions with United Airlines parent UAL Corp, immediately raising the stakes for similar talks involving United and Continental Airlines Inc.

Biggest study on cellphone health effects launched

The biggest study to date into the effects of mobile-phone usage on long-term health was launched on Thursday, aiming to track at least a quarter of a million of people in five European countries for up to 30 years.

Obama warns of another crisis without reform

President Barack Obama will tell Wall Street on Thursday to accept a sweeping bill to overhaul financial regulations, warning of another crisis unless there were tighter rules to rein in the industry's risky practices.

Greece deficit worse than feared, markets tumble

Greece's budget gap last year was worse than feared, the European Union's statistics office revealed on Thursday, triggering a fresh slide of asset prices in Greece and other debt-choked European countries.

Greece rating cut, deficit worse than feared

Greece's budget gap last year was worse than feared, the European Union's statistics office revealed on Thursday, as Moody's Investors Service downgraded its rating of Greek government debt.

Weakness rife in small business loans: watchdog

Private lenders did not use prudent lending practices for a small business program that President Barack Obama hopes to expand to improve the economy, a government watchdog said on Wednesday.

Existing home sales rose 6.8 percent in March

U.S. existing home sales climbed in March as Americans rushed to take advantage of a tax credit for home buyers, but activity remained severely depressed from levels preceding the country's sharpest housing downturn in modern history.

Economic signs show recovery, point to low rates

The number of U.S. workers filing new claims for jobless aid fell last week as the labor market gradually heals and producer price data showed inflation remained muted, despite a surge in food costs last month.

PepsiCo revenue misses Street view

PepsiCo Inc posted a better-than-expected quarterly profit, but its revenue fell short of Wall Street expectations, hurt by ongoing weakness in its Americas beverage business.

PNC first-quarter profit beats expectations

PNC Financial Services Group reported a better-than-expected first-quarter profit, even as it issued stock and repaid $7.6 billion in bank bailout money and its shares rose 2.3 percent.

March producer prices rise strongly on food

U.S. producer prices rose more than expected in March on strong consumer food and gasoline costs, but a small gain in the core measure pointed to tame underlying inflation, a government report showed on Thursday.

Verizon profit falls, subscriber growth weak

Telephone operator Verizon Communications Inc posted a smaller quarterly profit and wireless subscriber growth slowed more dramatically than Wall Street analysts' already low expectations.

Blackstone earnings beat estimates

Private equity giant Blackstone Group reported a rise in quarterly earnings that beat analysts' estimates, and said it was seeing concrete signs of improvement in its investment portfolio.

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