MAJOR PAPERS:

• Nokia Corporation (NYSE: NOK), Samsung Electronics and LG Electronics have said no to buying Motorola Inc’s (NYSE: MOT) handset trade, and potential Chinese interest is not there. The insight now, according to the Wall Street Journal’s “Heard on the Street,” is that Motorola’s problems may be to difficult to fix.
• The Financial Times reported that the Los Angeles city attorney launched a wide-ranging legal action on Thursday against Health Net Inc (NYSE: HNT), one of California’s biggest health insurance providers, accusing the company of defrauding customers by setting illegal policy cancellation targets for its sales agents.

OTHER PAPERS:

• According
  to sources, the Economic Times reported that Tata Motors Limited (NYSE: TTM) may be looking to spin off Jaguar into a separate entity once the acquisition of the grade from Ford Motor Company (NYSE: F) is total.
• The U.S. government has approved the first virtual fence, built by The Boeing Company (NYSE: BA), along the U.S.-Mexico border in Arizona, the Associated Press reported. Along the 28 mile stretch of border, radar and surveillance cameras will be used to try to catch citizens entering the country illegally.

Original post by Laurie Pasternack

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