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Glaxo Agrees to Pay $3 Billion in Fraud Settlement

British pharmaceutical giant GlaxoSmithKline has agreed to pay $3 billion in civil and criminal fines for promoting two drugs, Paxil and Wellbutrin, for unapproved uses, and failing to report key safety data about the diabetes drug Avandia.

Factories Scaling Back Amid Economic Slide

Manufacturing, seen as a recent bright spot in the economy, contracted in June. It was the first monthly downturn in three years. Analysts cited several factors for the surprising downturn, including recession in Europe and slower growth in China. A pullback in factory activity could spell trouble for the U.S. economy unless another key sector — construction — gains true momentum.

Advocates Worry Texas won't Expand Medicaid

Texas has opposed the Affordable Care Act from the start. There's been little movement on setting up its insurance marketplace because officials said they were waiting for the Supreme Court ruling. Local health care workers are worried that even after the ruling, the state won't set up an exchange, and might even turn down the Medicaid money from the federal government.

California Proceeds With Health Exchanges

California began implementing the Affordable Care Act, well before the Supreme Court decided its fate. Even with the state forging ahead, it's still going to be hard to meet the federal government's deadlines.

Samsung's Galaxy S3 Sets A Marker For iPhones

In the world of smartphones, Apple and Samsung have been going head to head. And the competition could get rougher. Samsung has launched the Galaxy S3 in the U.S., and it could be a serious threat to the iPhone. Linda Wertheimer talks to Bloomberg technology columnist Rich Jaroslovsky about the latest in the smartphone battle between Samsung and Apple.

Barclays Chairman Leaves Over Rate-Fixing Probe

Marcus Agius quit on Monday. His resignation comes just days after the bank agreed to pay British and U.S. regulators a $450 million fine to settle charges that Barclays traders and executives had manipulated a key interest rate for profit.

Mississippi Reluctant To Expand Medicaid Eligibility

Dominated by Republican lawmakers, Mississippi nevertheless has moved forward aggressively to implement a key part of the law: health insurance exchanges. Reacting to last week's Supreme Court's decision, Mississippi officials say they may not expand Medicaid to cover more poor residents, even though the federal government is offering to pay most of the cost.

Sales Tax In Health Law Targets Medical Devices

Some industries stand to benefit now that the health care law has been upheld by the Supreme Court. For makers of medical devices, the ruling means frustration because a sales tax on their equipment stays in place.