Tagged: business

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New delays hit Obamacare rollout before October 1 launch

Get Covered America volunteers listen to a training session before canvassing a Chicago neighborhood to talk with residents about the Affordable Care ActBy David Morgan WASHINGTON (Reuters) – The U.S. government on Thursday announced new delays in rolling out President Barack Obama’s healthcare reform, saying small business and Spanish-language health insurance enrollment services would not begin on October 1 as planned. The postponements amount to a few weeks out of a months-long enrollment period aimed at signing up millions of uninsured Americans for health benefits. …


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Ladbrokes warns profits from online business to miss forecasts

LONDON (Reuters) – Ladbrokes, Britain’s second largest bookmaking group, warned on Thursday that profit from its online operations would fall well short of expectations, the latest in a series of setbacks for the company. In a trading update brought fo…

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Hacker ‘mercenaries’ linked to Japan, South Korea spying: researchers

File photo of an employee working at the headquarters of Russian cyber security company Kaspersky Labs in MoscowBy Joseph Menn Washington (Reuters) – A small, sophisticated international hacking group was responsible for a widely publicized 2011 spying attack on members of Japan’s parliament as well as dozens of previously undisclosed breaches at government agencies and strategic companies in Japan and South Korea, security researchers said. Researchers at Kaspersky Lab believe they have found a squad of hackers for hire, who contract out to governments and possibly businesses, in contrast to recent reports on hacks said to be carried out by full-time government employees. …


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Telefonica tightens hold on Telecom Italia, avoids takeover bid

A man walks past Telefonica's building in central MadridBy Danilo Masoni and Stefano Rebaudo MILAN (Reuters) – Spanish telecoms group Telefonica has struck a deal to gradually secure control of Telecom Italia and its lucrative South American business without having to launch a full takeover bid. The multi-part 860 million euro ($1.2 billion) cash and shares deal secured on Tuesday will allow Telefonica to raise its stake in Telco, the holding company controlling about 22 percent of Telecom Italia, allowing Telco’s other investors, Intesa Sanpaolo, Generali and Mediobanca to eventually bow out. …


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(AP)

AP – Greek finance minister: Debt talks held up by labor reforms.

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Report: Monti says Italy a "safe place" (AP)

AP – Italy is now a “safe place” amid market turbulence, Premier Mario Monti said in an interview published Saturday, pressing for Europe to turn its political energy to generating growth rather than further plans to strengthen budget discipline.

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Greek debt talks to stretch into weekend (AP)

AP – “Crucial” issues remain to be resolved in Greece’s critical negotiations over a second multibillion euro international bailout, and talks would continue into the weekend, the country’s Finance Minister said early Saturday.