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NEW YORK — Anthem is buying rival Cigna for $48 billion in a deal that would create the nation's largest health insurer by enrollment, covering about 53 million U.S patients. In just three weeks, starting with Aetna's $35 billion bid for Humana, the landscape of U.S. health care has been altered in a buyout frenzy that could transform the landscape of the nation's health care system. By Tom Murphy and Michelle Chapman and Matthew Perrone. SENT: 850 words, photos.
— HEALTH INSURERS-SNAPSHOT — A closer look at the new "Big Three" that would be created if the acquisitions are completed. SENT: 250 words.
— HEALTH CARE COSTS-GLANCE — There are conflicting views about how a pair of huge mergers will affect health care costs, but there is no dispute about what has happened in recent years. UPCOMING: About 300 words.
— ROAD TO HEALTH CARE CONSOLIDATION-GLANCE — The 2010 health care overhaul reshaped the health insurance industry. The $100 billion spate of mergers is just one consequence. UPCOMING: About 400 words.
— ANTHEM-CIGNA-REGULATORS-GLANCE — A massive consolidation in the health insurance industry will come under the scrutiny of regulators. UPCOMING: About 400 words.
HOUSING MARKET-CHALLENGES AHEAD
WASHINGTON — The U.S. housing market has sizzled this summer and raised hopes that housing will finally help accelerate a U.S. economic recovery now in its seventh year. Yet sales have improved so fast that many see signs that housing will likely lose momentum — for reasons ranging from too few homes for sale to the preference of some would-be buyers to keep renting to a still-slow pace of house construction. By Josh Boak. UPCOMING: 800 words by 2 p.m.
— NEW CHINATOWN — For well over 100 years, the alleys and storefronts of the country's oldest Chinatown have sheltered immigrants seeking a new life. They found jobs and housing. They raised children and saved for nicer homes outside Chinatown. But that cycle could get harder to maintain as San Francisco undergoes an unprecedented technology jobs boom. By Janie Har. SENT: 880 words, photo.
FIAT CHRYSLER-HACKING RECALL
DETROIT — Fiat Chrysler recalls about 1.4 million cars and trucks in the U.S. just days after two hackers detailed how they were able to take control of a Jeep Cherokee SUV over the Internet. By Tom Krisher. SENT: 590 words.
WASHINGTON — Social media giants including Twitter, Yahoo, Facebook and Google are pushing back against Senate legislation that would require them to alert federal authorities of any terrorist activity, according to industry and government officials. By Anne Flaherty. SENT: 850 words, photo.
NEW YORK — It's official: Amazon is bigger than Wal-Mart. Amazon shares surge 15 percent on after the e-commerce powerhouse reported a surprise second-quarter profit and a better-than-expected 20 percent jump in revenue. By Mae Anderson. SENT: 430 words.
MARKETS & ECONOMY:
NEW HOME SALES
WASHINGTON — Fewer Americans buy new homes in June, a possible sign that the real estate market might not be as hot as it appeared at the start of summer. By Josh Boak. SENT: 480 words.
WASHINGTON — Dozens of countries agree to abolish duties on more than 200 technology products — from advanced computer chips to GPS devices, printer cartridges and video-game consoles. It's the World Trade Organization's first tariff-killing deal in 18 years. By Paul Wiseman. SENT: 450 words, photos.
NEW YORK — U.S. stocks move broadly lower in midday trading, on course for another losing week. By Alex Veiga. SENT: 570 words, photos. UPCOMING: 700 words by 5 p.m.
FORT WORTH, Texas — Dramatically cheaper jet fuel helps American Airlines nearly double its second-quarter profit to $1.7 billion despite lower revenue. By David Koenig. SENT: 480 words, photo.
— EARNS-ABBVIE — Drugmaker AbbVie Inc. reports better-than-expected second-quarter profit, but its sales disappoint Wall Street. SENT: 310 words, photo.
WASHINGTON — Transportation Secretary Anthony Foxx says the government has opened a price-gouging investigation involving four airlines that allegedly raised airfares in the Northeast after an Amtrak crash in Philadelphia in May disrupted rail service. By Joan Lowy. SENT: 730 words, photo.
ST. PETERSBURG, Russia — The FIFA corruption crisis is hurting its search for new World Cup sponsors. Targeting almost $6 billion in revenue from the 2018 tournament, FIFA has not signed any new sponsors since the previous World Cup finished last year in Brazil. By Graham Dunbar. SENT: 580 words, photo.
— FIFA INVESTIGATION-VISA — FIFA sponsor Visa Inc. calls for an independent commission to be formed to clean up world soccer's scandal-ridden governing body. SENT: 250 words.
— MALARIA VACCINE — The European Medicines Agency is recommending that the world's leading malaria vaccine, GlaxoSmithKline's Mosquirix, be licensed even though it is only about 30 percent effective and that protection fades over time. By Maria Cheng. SENT: 330 words, photo.
— WWE-HULK HOGAN — World Wrestling Entertainment Inc. severs ties with Hulk Hogan amid a report that one of the biggest stars in professional wrestling history used racial slurs in a conversation caught on a sex tape. SENT: 380 words, photo. UPCOMING: Will be updated.
— CONSUMER AGENCY-LEGAL FIGHT — A federal appeals court revives a legal challenge to the Consumer Financial Protection Bureau, the federal office created to protect consumers in financial dealings with banks, lenders and credit card companies. By Sam Hananel. SENT: 350 words.
— JAPAN-MITSUBISHI MOTORS — Japanese media report that automaker Mitsubishi Motors has decided to end production in the U.S. to focus on Asian markets. SENT: 190 words.
— MITSUBISHI MOTORS-ILLINOIS — Mitsubishi Motors says it plans to stop U.S. production at its facility in central Illinois and sell the plant. SENT: 150 words.
TECHNOLOGY & MEDIA:
— NOKIA-ALCATEL-LUCENT — The European Union approves the 15.6 billion-euro ($17 billion) acquisition of ailing French telecom company Alcatel-Lucent by Finland's Nokia Corporation following an investigation into whether the deal broke competition rules. SENT: 100 words.
— JAPAN-NIKKEI-FINANCIAL TIMES — Nikkei Inc., the Japanese buyer of the Financial Times, pledges to respect the culture of the London-based business daily, while also tapping its digital expertise and global reach. By Ken Moritsugu. SENT: 460 words, photos.
ATHENS, Greece — High-level talks between Greece and its European creditors on a third bailout for the cash-strapped country have been delayed until logistical matters are sorted out. By Menelaos Hadjicostis and Raf Casert. SENT: 510 words, photos.
— CHINA-MANUFACTURING — China's manufacturing slumps to a 15-month low in July in a fresh sign of deterioration in the world's second biggest economy, a survey shows. SENT: 320 words, photos
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Big, bigger, biggest
Amazon is bigger than Wal-Mart. A look at the relative size of key players in the S&P 500. UPCOMING: Graphic expected by 6 p.m.
Starbucks brews up profit
Starbucks shares perk up after the coffee chain reports a 22 percent jump in profit, helped by pricier food and drinks. UPCOMING: Graphic expected by 6 p.m.