The US regulators announced that they would allow Freddie Mac and Fannie Mae to eliminate debt balances for several borrowers whose loan worth more than their assets. The debt reduction plan would serve as a final chance for earnestly delinquent debtors to save their homes from foreclosure.
Express Scripts Holding, controller of medical benefits, has refused the claims that it swindled Anthem for prescription drugs. The drug benefits administrator is looking for a court order that Anthem cannot ask for lesser drug prices from Express Scripts.
The EU competition commission is going to frame charges following complaints from four Google rivals for prioritizing own apps in Androids. Google has denied the allegations since consumers are allowed to choose apps for their own devices. If Google is found guilty, it may have to count monetary penalty while reviewing its existing business policy.
Teamsters labor union, which represent 16,000 workers of Costco Wholesale Corp., recommended its members to approve new contract. Costco provide its employees with a 401(k) pension plan in the new contract agreement.
