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Anthem likely to pull back from Obamacare markets in 2018 Jefferies


Anthem Inc (ANTM. N) is likely to exit from a large portion of its Obamacare individual insurance markets next year, Jefferies analysts said, nearly a week after Republican leaders pulled legislation to overhaul the U.S. healthcare system. Anthem is one of the few health insurers that still sells plans under Obamacare. Humana Inc (HUM. N), Aetna Inc (AET. N) and UnitedHealth Group Inc (UNH. N) pulled out after reporting hundreds of millions of dollars of losses. Anthem is leaning toward exiting a "high percentage" of the 144 rating regions in which it currently participates, Jefferies analysts said in a note on Thursday after talking to the health insurer.

Obamacare, former Democratic President Barack Obama's signature legislation created by the Affordable Care Act of 2010, has had a tough beginning. The mix of sick and healthy customers has been worse than expected, and premium rates on the individual insurance market went up 25 percent this year.

The Republicans' failure to repeal Obamacare, at least for now, means it remains federal law.

Volkswagen settles 10 U.S. state diesel claims for $157 million WASHINGTON Volkswagen AG said on Thursday it has agreed to pay $157.45 million to settle environmental claims from 10 U.S. states over its excess diesel emissions, as the world's largest automaker looks to move past the scandal.

FCC to vote to restore rule making it easier to buy TV stations WASHINGTON The U.S. Federal Communications Commission said Thursday it will vote in April to reverse a 2016 rule adopted by the Obama administration that limits the number of television stations some companies can buy.

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U.S. awards AT&T contract to build wireless network for first responders


The United States on Thursday awarded a contract to AT&T Inc to build a nationwide wireless broadband network to better equip first responders, years after a federal commission recommended setting up such a system following the 9/11 attacks. FirstNet, an independent arm of the Department of Commerce, will provide No. 2 U.S. wireless carrier AT&T with telecom spectrum and success-based payments of $6.5 billion over the next five years. The effort to set up a public safety network was triggered by communications failures during the Sept. 11, 2001 attacks, when first responders were unable to effectively communicate as they used different technologies and networks.

The FirstNet network will help emergency medical personnel, firefighters and police officers communicate vital information on one single network in real time, as opposed to using thousands of separate, incompatible systems. The 9/11 Commission, set up by Congress to look into the attacks and propose ways to prevent such actions in the future, in 2004 recommended the setting up of a dedicated public safety broadband network.

The rollout of the network, which will cover will cover all states, five U.S. territories and the District of Columbia, will begin later this year, AT&T said on Thursday.

Toshiba gets go-ahead for chip unit sale at angry shareholder meeting Chiba, JAPAN Toshiba Corp shareholders agreed to split off its prized NAND flash memory unit on Thursday, paving the way for a sale to raise at least $9 billion to cover U.S. nuclear unit charges that threaten the conglomerate's future.

China's LeEco secures $2.2 billion for expansion from new investors TAIPEI Chinese tech conglomerate LeEco has successfully raised nearly $2.2 billion from new investors including Tianjin Jiarui Huixin Corporate Management Company and property developer Sunac China Holdings , stock market filings on Thursday showed.

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