An executive of Columbia/HCA Healthcare was sentenced in Tampa to two years in prison for his part in a scheme that cheated Medicare of $3 million through false cost reports. Robert Whiteside also was ordered to pay restitution of $645,796, but repayment was delayed until a civil case is resolved. He also was sentenced to three years' probation and fined $7,500. Whiteside and fellow executive Jay Jarrell were convicted July 2.
Time Warner has asked a federal court to strike down a 1992 law that limits the number of customers a cable company can serve. The FCC in October set the limit at 30 percent of pay-TV subscribers, including cable and satellite TV customers. The agency isn't enforcing the rule until a decision is issued.
Vanguard Group's health care fund, closed for most of the year, will reopen to new accounts effective Dec. 20. The mutual fund was closed to new investors Feb. 25 after assets more than doubled to $10 billion in the previous 12 months.
Chesapeake, the Richmond-based maker of consumer-products boxes in Europe, raised its hostile bid for Shorewood Packaging to $770 million in cash and assumed debt and sought to oust Shorewood's board. Chesapeake offered $17.25 for each share of Shorewood, higher than the $16.50 it offered Nov. 18.
Webvan.com, an online grocery shopping service, will expand into the greater Washington area. Webvan Group, based in Foster City, Calif., signed a lease to build a 300,000-square-foot distribution center in Springfield. It joins Streamline.com, which launched its service here last month, in a fight for a share of the $400 billion-plus grocery market. Another service, HomeGrocer.com, is also looking to expand to the area in the coming months.