Google (NASDAQ:GOOG) demoed its glasses headset that displays pictures and data right onto users’ eyes at Google I/O yesterday, according to the Boy Genius Report. This headset features a camera, a microphone and a number of radios. The headset is not yet ready for mass consumption.
Amazon (NASDAQ:AMZN) is going to sponsor athletes for the first time when it supports Andy Macdonald, an honored professional skateboarder. This announcement coincides with Amazon launching its Action Sports subsection on the site, which sells sports equipment.
Citigroup Inc. (NYSE:C): Treasure chief of Britain George Osborne said HSBC (NYSE:HBC), RBS (NYSE:RBS), UBS (NYSE:UBS), and Citigroup are being looked into for allegedly taking part in trying to influence a key rate index, according to the Associated Press. Barclays (NYSE:BCS) was fined $453M yesterday for its part in index manipulation.
Health Management Associates, Inc. (NYSE:HMA): Most of the healthcare reform law, including the insurance mandate, has been ruled by the Supreme Court to be constitutional. In a 5-4 decision, the Court determined that, Constitutionally, Congress’ taxing power has authority to put the mandate in place. The five justice who voted in favor of the law say its penalty for not purchasing health insurance is a tax. The majority determined that the law’s extension of Medicaid is constitutional, but states that do not opt to meet its Medicaid requirements oughtn’t be kept from all their Medicaid funding. Rather, these states can only be kept from new Medicaid funding. The majority of large insurance companies dropped after the court’s ruling, as the law includes provisions that restrict profits of insurers at the same time as imposing expensive mandates on them. However, hospital stocks are rising as the mandate will most likely help them get more revenue from poor patients.
General Electric Company (NYSE:GE) is attempting to increase sales of electrical turbines derived from jet engines and generators that can provide power by burning landfill gas in Africa and Asia.
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