The Traderszone Network

Caterpillar, Inc. (CAT.N) will lay off another 50 workers at its East Peoria, Illinois campus on Monday because of a downturn in demand for mining equipment, the company said. The latest action brings to 270 the number of  workers Caterpillar has said it will lay off this year at its East Peoria campus. “Similar to recently announced indefinite layoffs on the East Peoria campus, these impacted employees also manufacture products used in mining and construction industries, which continue to witness weak market conditions,” Lisa Miller, company spokesperson said in a written statement.

NEW YORK/WASHINGTON (Reuters) – U.S. health insurer Anthem Inc (ANTM.N) on Monday dismissed concerns that buying smaller competitor Cigna Corp (CI.N) would be considered anti-competitive, even as antitrust experts said the combination would earn regulatory scrutiny. Any merger could require asset sales and would be complicated by potential deals among other insurers, which after years of change due to President Barack Obama’s healthcare reform are now scrambling to tie up.

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JetBlue will offer Mint service, the airline’s answer to first and business class, on flights from Boston to San Francisco starting March 2016 and to Los Angeles starting in the fall of that year. The move reflects the budget airline’s plan to roll out Mint to more cities since it entered the lucrative market for premium travel a year ago, starting with Mint between New York and the California hubs.

Oil prices fell on Tuesday on worries over a global glut, while surveys showing a contraction in manufacturing activity in China and Japan also dragged on market sentiment. Brent crude was down 22 cents at $63.12 a barrel as of 0500 GMT (0100 EDT), after closing the previous session up 32 cents. “I think the Japan and China PMI figures are weighing on the market,” said Jonathan Barratt, chief investment officer at Sydney’s Ayers Alliance.

Starting next month, the e-commerce giant will pay independent authors based on the number of pages read, rather than the number of times their book has been borrowed. Self-publishing has transformed what it means to be an author. Amazon said on Monday the move would better align payout with the length of books and how much customers read.

China’s factory activity contracted for the fourth straight month in June but showed some signs of stabilizing, according to a preliminary private survey, suggesting more stimulus measures may be needed to support the world’s second-largest economy. The HSBC/Markit Flash China Manufacturing Purchasing Managers’ Index (PMI) edged up to 49.6, a three-month high, from 49.2 in May, but remained below the 50 mark which separates contraction from expansion.

Nissan Motor Co , Japan’s second-biggest automaker, said on Tuesday it paid Chief Executive Carlos Ghosn 1.035 billion yen last business year, up 4 percent from the previous year. Ghosn, one of the highest-paid …