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China’s rag trade sees south Asian invasion at Canton trade fair

Bloomberg At Area 15.1 of the sprawling Canton Fair in the southern Chinese city of Guangzhou, exhibitors from India, Pakistan and Turkey touted their wares to global buyers last week. Their presence at the gathering synonymous with China’s rise as the world’s manufacturing powerhouse illustrates the nation’s shift from sweatshops producing cheap jeans and towels toward branded goods with better ...

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Anthem ends battle for Cigna after court deals blow to pact

Bloomberg Anthem Inc.’s nearly two-year effort to buy rival insurer Cigna Corp. is officially dead. Anthem said that it won’t appeal a Delaware judge’s ruling late that Cigna can walk away from the $48 billion health insurance merger. That leaves the companies to fight over who’s to blame for the deal’s collapse. “The only surprise here is that it took ...

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Sprint, SoftBank in informal deal talks with T-Mobile

Bloomberg Sprint Corp. has started preliminary conversations to merge with T-Mobile US Inc., the latest attempt to consolidate in a market watched closely by US regulators, according to people familiar with the matter. Executives of both SoftBank Group Corp., Sprint’s largest shareholder, and Sprint itself have had informal contact with T-Mobile owner Deutsche Telekom AG about a transaction, said the ...

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