tagged w/ springhill group medical
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Asian shares edged down in choppy trade on Monday, encouraged by a fresh report of a potential framework for the European Central Bank's new bond buying scheme, as well as hopes of a strong easing from the Federal Reserve.
Central bank sources told Reuters on Friday that the ECB is considering setting yield band targets under the bond-buying program to shield its strategy from speculators, but the decision would not be made before its Sept. 6 policy meeting.
There is a dearth of major economic data in Asia on Monday, meaning the market's focus in the short-term will remain fixed on Europe, with longer-term focus on the annual U.S. Jackson Hole meeting of central bankers and economists later this week.
The FTSE CNBC Asia 100 Index [.FTFCNBCA 6030.29 58.37 (+0.98%)], which measures markets across Asia, slipped 0.7 percent.
Seoul stocks edged down slightly as Samsung shares slumped after a U.S. court ruled against Samsung Electronics in a smartphone patent claim by Apple [AAPL 676.27 6.04 (+0.9%) ].
The slump offset news that rating agency Moody's had upgraded South Korea's credit rating to match those of China and Japan.
Samsung Electronics closed down 7.5 percent, its largest single-session drop since Oct 2008 that wiped $12 billion from its market capitalization since Friday.
Other group companies included in Samsung's smartphone manufacturing value chain were also hit, with Samsung C&T Corp, Samsung Electro-Mechanics, and Samsung SDI all down 1 to 6 percent.Asian shares edged down in choppy trade on Monday, encouraged by a fresh report of a... more
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LAS VEGAS (AP) — A 41-year-old Las Vegas health care worker has been ordered to pay restitution for her role in a Medicaid scam.
Nevada Attorney General Catherine Cortez Masto announced Monday that Felicia Wesley was sentenced to pay back $4,000 and spend 60 days in jail, although she won't have to serve the time if she follows through on her other obligations.
Masto says Wesley likely be banned from providing health care through government programs in the future.
Officials say Wesley was part of a personal care program that helps patients with bathing, dressing, chores and cooking. Investigators say Wesley was not working at a patient's home during the times she said she was.
Wesley pleaded guilty to misdemeanor charges of submitting false claims and petty theft. She was sentenced Aug. 22.
Read more: http://www.sfgate.com/news/article/Home-health-care-worker-sentenced-in-Medicaid-scam-3819088.php#ixzz25R558ZxFLAS VEGAS (AP) — A 41-year-old Las Vegas health care worker has been ordered to... more
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