UNITEDHEALTH TO BUY CATAMARAN FOR $12.8 BILLION IN CASH 

UnitedHealth Group Inc.'s deal to acquire Catamaran Corp. for about $12.8 billion in cash will bulk up its pharmacy-benefit business amid growing concern from employers and insurers about the rising costs of cutting-edge drugs. (published 2210 GMT Monday)

 
 
CHINA RONGSHENG 2014 NET LOSS CNY7.75 BILLION 

China Rongsheng Heavy Industries Group Holdings Ltd. posted a 2014 net loss of 7.75 billion yuan as the troubled shipbuilder struggles with higher expenses and cancellation of orders. (published 0027 GMT)

 
 
ANGANG STEEL SEES SIGNIFICANT DECLINE IN FIRST-QUARTER NET PROFIT 

Angang Steel Co. warned investors Tuesday that its first-quarter net profit is expected to be significantly lower than that of the previous year as steel prices fall amid the nation's economic slowdown. (published 2356 GMT Monday)

 
 
SEC FILES FRAUD CHARGES AGAINST LYNN TILTON, PATRIARCH PARTNERS -- 5TH UPDATE 

Flashy financier Lynn Tilton and her Patriarch Partners LLC are facing allegations that they defrauded investors by hiding the true value of loans in some funds managed by the private-equity firm. (published 2319 GMT Monday)

 
 
BLACKSTONE TO BUY THREE HOTELS FROM PAULSON CONSORTIUM FOR $1.2 BILLION -- UPDATE 

Blackstone Group LP has agreed to pay more than $1.2 billion to a consortium led by Paulson & Co. for three large hotels in Orlando, Fla., and Scottsdale, Ariz., according to people familiar with the matter. (published 2154 GMT Monday)

 
 
CHINESE FOOD GIANT EXPLORES DEALS IN U.S. 

Chinese food company Cofco Corp. is on a determined shopping spree. (published 2105 GMT Monday)

 
 
CHINA COMMUNICATIONS CONSTRUCTION PLANS TO SPIN OFF DREDGING BUSINESS 

China Communications Construction Co. is considering a spin-off and listing of its dredging business outside China. (published 0006 GMT)

 
 
BREITBURN'S BONDHOLDERS CHEER NEWS OF EIG'S $1 BILLION INFUSION 

In what seemed to be a somewhat counter-intuitive move, Breitburn Energy Partners' senior notes traded higher today after the announcement of a $1 billion debt and preferred equity infusion from EIG Global Energy Partners, despite the fact that EIG's new loans put the private equity firm ahead of other senior note holders. (published 2243 GMT Monday)

 
 
SWISS BANK BSI TO PAY $211 MILLION PENALTY IN U.S. TAX CASE -- UPDATE 

The U.S. Justice Department said on Monday that BSI SA is the first Swiss bank to successfully navigate a self-reporting program for hidden American accounts. (published 2020 GMT Monday)

 
 
AMAZON HIRES PILOT-UNION EXECUTIVE FOR DRONE PROGRAM 

In the latest sign of the importance of its drone program, Amazon.com Inc. has hired the former number-two executive at the Air Line Pilots Association to help with the project. (published 0034 GMT)

 
 
MOSAIC EXPECTS SHARP INCREASE IN POTASH TAX PAYMENTS 

Fertilizer company Mosaic Co. said Saskatchewan's accelerated taxes on producers of potash, a key ingredient, will increase the company's 2015 potash production tax payments by $80 million to $100 million on a pretax basis. (published 2204 GMT Monday)

 
 
TREASURY WINE TO BOOK A$50M WRITEDOWN, CUT JOBS 

Treasury Wine Estates Ltd. said Tuesday it would book 50 million Australian dollars in writedowns and cut an unspecified number of jobs after idling wineries and production facilities in the U.S. and Australia. (published 2200 GMT Monday)

 
 
AMGEN LOSES ANOTHER ROUND IN ITS BATTLE TO FEND OFF A BIOSIMILAR RIVAL 

For the second time this month, Amgen has lost a battle over its effort to block a biosimilar version of its Neupogen drug, a $5.7 billion seller that is used to fend off infections during chemotherapy. This time, the FDA denied a citizen's petition the biotech filed arguing that Sandoz, which plans to sell a biosimilar, violated federal law by failing to provide it with needed information by a specified deadline. (published 2057 GMT Monday)

 
 
DH CORP TO BUY FUNDTECH FOR $1.25 BILLION 

Canada's DH Corp. said Monday it has agreed to acquire New York-based Fundtech, which provides payments and transaction banking software, for $1.25 billion in cash. (published 2048 GMT Monday)

 
 
FONTERRA HIRES ERNST & YOUNG PARTNER AS INTERIM CIO 

Fonterra Co-Operative Group Ltd. has hired as interim CIO Simon Paparone, a former Ernst & Young Global Ltd. partner. Mr. Paparone assumes the role from Carl Moore, who resigned earlier this month after working less than two years as the New Zealand dairy company's CIO. (published 2022 GMT Monday)