PRESS DIGEST- Financial Times - May 29
May 29 The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
WASHINGTON, April 20 Health insurer Anthem Inc denied a report on Thursday that it was in negotiations with the Justice Department in an effort to save its merger with smaller rival Cigna Corp.
Cigna shares jumped as much as 2.4 percent early in the session on a spike in trading volume to hit their highest level since July 2015. Anthem was last up 1.3 percent to $168.95. Cigna was up 2.3 percent at $155.50.
The companies are awaiting a decision from a federal appeals court, which had been asked to rule on whether the Justice Department could stop the $54 billion merger on antitrust grounds. The lawsuit was originally brought by the Obama administration and a federal judge agreed that the deal should be stopped.
Asked about a report from CTFN, a service specializing in merger news, that Anthem was in talks with the Justice Department, spokeswoman Bonnie Jacobs said in an email: "Not accurate."
The Justice Department declined to comment.
An Anthem purchase of Cigna would create the largest U.S. health insurer. Rivals Aetna Inc and Humana Inc had also sought to merge, but that deal collapsed amid opposition from the federal government and states.
Adding to obstacles facing a deal, Anthem and Cigna, which have had difficult relations for months, are suing each other. (Reporting by Diane Bartz and Rodrigo Campos; Editing by Dan Grebler)
May 29 London's Heathrow Airport said early on Monday that there were still some disruptions to British Airways flights from the airport following a global computer system failure at the airline.
May 29 Gold held near its highest in four weeks on Monday after rising almost 1 percent in the previous session, buoyed as geopolitical tensions boosted its safe-haven appeal. FUNDAMENTALS * Spot gold was flat at $1,266.40 per ounce at 0044 GMT. On Friday, it climbed 0.9 percent to touch its strongest since May 1 at $1,269.50. * U.S. gold futures slipped 0.1 percent to $1,266.4 an ounce. * North Korea fired what appeared to be a shor