Business News Roundup, May 4
State regulators on Tuesday fined health insurer Anthem Blue Cross $415,000 for failing to identify, process and resolve consumers’ complaints in a timely manner.
Officials from the state Department of Managed Health Care said Anthem’s failure to provide complete and timely information to the regulator during the investigation was also included in the fine.
The department identified 40 cases involving 83 violations where officials said Anthem deprived members of their grievance and appeal rights.
The insurer has 90 days to outline the steps it plans to take to correct the violations.
Sports Authority will sell some or all of its assets rather than trying to reorganize under bankruptcy protection.
Initially, the sporting goods chain, which filed for Chapter 11 bankruptcy protection in March, said it would close or sell about a third of its 463 stores but stay open as a streamlined company.
[...] in court filings last week, the company’s lawyers said it would instead try to sell its assets.
Uber and the payment service of e-commerce giant Alibaba Group are expanding a partnership to allow Chinese travelers to summon and pay for a car in any country where Uber operates.
The agreement announced Tuesday adds to expanding links between U.S. and Chinese companies in the growing global market for app-based transportation services.
Uber and Alibaba’s Ant Financial said Chinese travelers will be able to use either company’s app to summon a car in 400 cities in 69 countries where Uber operates.
The companies said Tuesday that Chrysler engineers would work with Google on sensors and software to make the vans autonomous.
Google says it will own the gas-electric hybrid vans, and it’s not licensing autonomous car technology to Fiat Chrysler or anyone else.