NEW YORK (CNN) -- CNN Money's Maribel Aber has your top business and financial news on this Wednesday, June 5.
4 firms plan to be in Arkansas Health Insurance Exchange
Four health insurance companies on Tuesday said they plan to sell insurance in Arkansas' Health Insurance Marketplace, which is where consumers will be able to buy health insurance under the Affordable Care Act.The four firms are: Arkansas Blue Cross Blue Shield of Little Rock, National Blue Cross Blue Shield Multi-state Plan, QCA Health Plan of Little Rock, which does business as QualChoice of Arkansas Inc. and Celtic Insurance Co. of Chicago, through its subsidiary NovaSys Health.
The Obama administration issued a stern rebuke of so-called "patent trolls" Tuesday, in an attempt to stop those whom the White House says manipulate the patent system for undue financial gain. The White House directed the United States Patent and Trademark Office to take five new actions that would help stem the rising tide of patent-related lawsuits tying up the court system. Many patent-holding companies with no intention of ever releasing products have made an entire business model out of suing other companies for patent infringement.
Apple banned from selling some iPhones and iPads after Samsung patent win
Apple won the biggest battle in its endless patent war with Samsung, but now it's Samsung's turn to be victor. A trade agency ruled Tuesday that several older Apple products violate a Samsung patent and can't be sold within the United States. The International Trade Commission's long-awaited ruling bans Apple from importing or selling the AT&T (T, Fortune 500)-compatible models of the iPhone 4, 3GS and 3, as well as the AT&T 3G-connected versions of the iPad and iPad 2.
United wants you to pay $499 a year for extra legroom
Would you pay $349 for a year's worth of checked bags? Or $499 for extra legroom for a year? United Airlines hopes so. United announced two new subscription programs this week where travelers prepay for a year of checked baggage fees or the ability to reserve seats in the so-called "Economy Plus" section near the front of the plane, which boasts extra legroom.