Content about Ethics

December 8, 2011

New legislation proposed in the Senate would strengthen penalties against people who traffic in counterfeit medications.

ALEXANDRIA, Va. — New legislation proposed in the Senate would strengthen penalties against people who traffic in counterfeit medications.

Introduced by Sen. Patrick Leahy, D-Vt., S. 1886, the Counterfeit Drug Penalty Enhancement Act of 2011, would harshen laws against producing, buying or selling counterfeit drugs. The bill has received support from the chain retail pharmacy lobby.

November 30, 2011

The Food and Drug Administration on Tuesday appealed a recent District Court ruling that had placed a preliminary injunction on new, graphic anti-smoking messages that were to be placed on cigarette packaging as of September 2012.

WASHINGTON — The Food and Drug Administration on Tuesday appealed a recent District Court ruling that had placed a preliminary injunction on new, graphic anti-smoking messages that were to be placed on cigarette packaging as of September 2012. The five tobacco company plaintiffs argued that the mandated graphics violate the First Amendment.

The appeal moves the case to to the U.S. Court of Appeals for the D.C. Circuit.

November 21, 2011

Almost one-third of Americans who have not had enough money to pay for health care and/or medicine in the past 12 months are smokers, according to the October 2011 Gallup-Healthways Well-Being Index.

NASHVILLE, Tenn. — Almost one-third of Americans who have not had enough money to pay for health care and/or medicine in the past 12 months are smokers, according to the October 2011 Gallup-Healthways Well-Being Index. The percentage of smokers is cut in half (14.2%) when it comes to the population that can afford to pay for health care and/or medicine in the past 12 months. Of the Americans without a personal doctor, 27.5% smoke.

November 11, 2011

Most American adults who smoke wish they could quit, and more than half have tried within the past year, according to a report by the Centers for Disease Control and Prevention released Thursday.

ATLANTA — Most American adults who smoke wish they could quit, and more than half have tried within the past year, according to a report by the Centers for Disease Control and Prevention released Thursday.

November 10, 2011

According to the National Retail Federation’s annual Return Fraud Survey, completed by loss-prevention executives at 103 retailers, the retail industry will lose an estimated $3.5 billion to return fraud this holiday season, down from $3.7 billion last year.

WASHINGTON — According to the National Retail Federation’s annual Return Fraud Survey, completed by loss-prevention executives at 103 retailers, the retail industry will lose an estimated $3.5 billion to return fraud this holiday season, down from $3.7 billion last year. Annual return fraud will cost retailers an estimated $14.4 billion in 2011, up slightly from about $13.7 billion in 2010.

November 7, 2011

Tobacco companies received a favorable ruling Monday and as a consequence will not have to institute new graphics that depicted images like diseased smokers on their packaging next year.

WASHINGTON — Tobacco companies received a favorable ruling Monday and as a consequence will not have to institute new graphics that depicted images like diseased smokers on their packaging next year.

October 18, 2011

Shoplifting, employee or supplier fraud, organized retail crime and administrative errors cost the retail industry $41.7 billion in the United States in 2011, representing 1.6% in sales, according to the Global Retail Theft Barometer released Tuesday by Checkpoint Systems.

PHILADELPHIA — Shoplifting, employee or supplier fraud, organized retail crime and administrative errors cost the retail industry $41.7 billion in the United States in 2011, representing 1.6% in sales, according to the Global Retail Theft Barometer released Tuesday by Checkpoint Systems. Of that, $18.4 billion was attributed to employee theft, $14.9 billion to shoplifters, $6.6 billion to internal error and $1.8 billion to suppliers.

October 17, 2011

Kellogg recently was recognized for the strength of its company, its brands and corporate responsibility efforts.

BATTLE CREEK, Mich. — Kellogg recently was recognized for the strength of its company, its brands and corporate responsibility efforts.

Honors this year for Kellogg included:

  • Interbrand Annual Top 100 Global Brands: Kellogg ranked No. 34. Interbrand said that brand value is assessed by financial performance of the branded products or services, the role of the brand in the purchase decision process, and the strength of the brand to continue to secure earnings for a company;

October 11, 2011

The problem with shoplifting these days isn’t Little Johnny pocketing a pack of bubblegum, Joe LaRocca, senior asset protection adviser for the National Retail Federation, recently told CNBC’s “Squawk on the Street” during a broadcast interview.

The problem with shoplifting these days isn’t Little Johnny pocketing a pack of bubblegum, Joe LaRocca, senior asset protection adviser for the National Retail Federation, recently told CNBC’s “Squawk on the Street” during a broadcast interview. No, it’s a lot of Little Johnnies who are systematically swiping the entire gum display that’s becoming the problem. 


October 7, 2011

Mom isn't the only one making a shopping list these days. And any of those extreme couponers armed with a pair of scissors, a load of circulars and coupon clippings, and a shopping list of their own, well, they're not the problem, either. The problem is the leaders of organized retail crime units who are making those shopping lists, walking into a store, hitting a display case and walking right back out — all before the manager has a chance to say, "Um, excuse me sir? Can I help you?"

WHAT IT MEANS AND WHY IT'S IMPORTANT — Mom isn't the only one making a shopping list these days. And any of those extreme couponers armed with a pair of scissors, a load of circulars and coupon clippings, and a shopping list of their own, well, they're not the problem, either. The problem is the leaders of organized retail crime units who are making those shopping lists, walking into a store, hitting a display case and walking right back out — all before the manager has a chance to say, "Um, excuse me sir? Can I help you?"

October 6, 2011

More than half of retail respondents to a survey conducted by the Retail Industry Leaders Association recently reported an increase in the frequency with which organized rings committed shoplifting, and 41% saw an increase in shoplifting by individuals acting alone.

ARLINGTON, Va. — More than half of retail respondents to a survey conducted by the Retail Industry Leaders Association recently reported an increase in the frequency with which organized rings committed shoplifting, and 41% saw an increase in shoplifting by individuals acting alone. As many as 64% of respondents reported an increase in theft of pharmaceutical products, according to the 2011 Crime Trends and Leading Practices Survey released Thursday by RILA.

September 29, 2011

Last year, U.S. Customs and Border Protection seized $5.6 million worth of illegal pharmaceutical products, a 170% increase over 2005. Meanwhile, global sales of counterfeit medicines were estimated to be more than $75 billion last year, 90% more than in 2005. In response, Pfizer and the National Association of Boards of Pharmacy announced Thursday the launch of an effort to educate patients on how to safely buy medicines online and about the risks of counterfeit drugs.

NEW YORK — Last year, U.S. Customs and Border Protection seized $5.6 million worth of illegal pharmaceutical products, a 170% increase over 2005. Meanwhile, global sales of counterfeit medicines were estimated to be more than $75 billion last year, 90% more than in 2005.

In response, Pfizer and the National Association of Boards of Pharmacy announced Thursday the launch of an effort to educate patients on how to safely buy medicines online and about the risks of counterfeit drugs.

September 15, 2011

University of Missouri researchers earlier this week revealed evidence that showed those who quit smoking show improvements in their overall personality.

COLUMBIA, Mo. — University of Missouri researchers earlier this week revealed evidence that showed those who quit smoking show improvements in their overall personality.

"The data indicate that for some young adults, smoking is impulsive," stated Andrew Littlefield, a doctoral student in the Department of Psychology in the College of Arts and Science. "That means that 18 year olds are acting without a lot of forethought, and favor immediate rewards over long-term, negative consequences."

September 13, 2011

For every $100 in fraudulent transactions, retailers incurred a “true” cost of $230, according to a new study released Tuesday by LexisNexis Risk Solutions.

NEW YORK — For every $100 in fraudulent transactions, retailers incurred a “true” cost of $230, according to a new study released Tuesday by LexisNexis Risk Solutions.

According to the study, retail merchants and financial institutions reported an overall decline in fraud rates and transactions while total retail sales rose. Consumers also experienced a decline in fraud losses overall but the average time it took to resolve fraud issues rose by 57% and the out-of-pocket costs of fraud rose by $244.

September 6, 2011

Not only are there fewer smokers across the country, according to a Centers for Disease Control and Prevention report released Tuesday, but the men and women that are still smoking also are smoking less.

ATLANTA — Not only are there fewer smokers across the country, according to a Centers for Disease Control and Prevention report released Tuesday, but the men and women that are still smoking also are smoking less.

The report, which covered data from 2005 to 2010, showed an estimated 19.3% of American adults, ages 18 years and older, continue to smoke, a decline from 20.9% in 2005.

September 6, 2011

Former Duane Reade CFO William Tennant was sentenced to three years of probation for his securities fraud conviction in June 2010, according to published reports.

NEW YORK — Former Duane Reade CFO William Tennant was sentenced to three years of probation for his securities fraud conviction in June 2010, according to published reports.

Tennant, convicted of one count of securities fraud, was sentenced by U.S. District Judge Deborah Batts in a hearing Tuesday in a Manhattan federal court.

August 23, 2011

CVS Caremark has announced the results of its previously announced solicitation of consents from the registered holders as of 5 p.m. Eastern time on Aug. 8 of its 6.125% senior notes due Aug. 15, 2016, to terminate the replacement capital covenant.

WOONSOCKET, R.I. — CVS Caremark has announced the results of its previously announced solicitation of consents from the registered holders as of 5 p.m. Eastern time on Aug. 8 of its 6.125% senior notes due Aug. 15, 2016, to terminate the replacement capital covenant — which was entered into on May 25, 2007 — for the benefit of the holders of the notes in connection with the issuance of its 6.302% enhanced capital advantaged preferred securities due 2062.

August 12, 2011

Women who smoke are at a 25% higher risk of developing coronary heart disease than the men who share that smoke break with them, according to a meta-analysis published Wednesday on The Lancet website.

NEW YORK — Women who smoke are at a 25% higher risk of developing coronary heart disease than the men who share that smoke break with them, according to a meta-analysis published Wednesday on The Lancet website.

This increased risk for women could be due to physiological differences between the sexes, with cigarette smoke toxins possibly having a more potent effect on women, suggested Rachel Huxley, study co-author at the Division of Epidemiology, University of Minnesota.

August 4, 2011

Healthcare accrediting organization URAC has given accreditation to Magellan Health Services' specialty pharmacy division.

AVON, Conn. — Healthcare accrediting organization URAC has given accreditation to Magellan Health Services' specialty pharmacy division.

Magellan announced Wednesday that ICORE Healthcare had received the accreditation after meeting the Washington-based organization's standards, developed by its pharmacy advisory committee.

July 28, 2011

Almost half of all smokers try and fail to quit their addiction to nicotine products each year, according to a study released Wednesday.

PARSIPPANY, N.J. — Almost half of all smokers try and fail to quit their addiction to nicotine products each year, according to a study released Wednesday.

A contributing factor to the high rate of failed quit attempts is the low use of nicotine-replacement therapies, the study found. That may be because of misperceptions around the health effects of NRTs.

July 25, 2011

In its ongoing commitment to support fearless women, Secret Deodorant has created the Mean Stinks program, a supportive Facebook community that gives young women the courage to stand up to a stinky behavior: bullying.

NEW YORK — In its ongoing commitment to support fearless women, Secret Deodorant has created the Mean Stinks program, a supportive Facebook community that gives young women the courage to stand up to a stinky behavior: bullying.

To help this cause, Secret is partnering with relatable role models — Amber Riley, best known as Mercedes on the hit Fox show "Glee," and nationally renowned relationship expert Rachel Simmons — to start a movement of "nice."

July 22, 2011

Perrigo on Thursday announced that it has received approval from the Food and Drug Administration to market a cinnamon-flavored, over-the-counter coated nicotine polacrilex gum USP in 2-mg and 4-mg strengths.

ALLEGAN, Mich. — Perrigo on Thursday announced that it has received approval from the Food and Drug Administration to market a cinnamon-flavored, over-the-counter coated nicotine polacrilex gum USP in 2-mg and 4-mg strengths.

The product will be marketed under store-brand labels and is comparable with GlaxoSmithKline's Nicorette Cinnamon Surge coated gum, a stop-smoking aid.

July 6, 2011

Grocer A&P has announced the launch of a new Preferred Pet Club program in collaboration with the American Society for the Prevention of Cruelty to Animals, offering exclusive discounts to pet owners across New York, New Jersey, Pennsylvania, Delaware and Connecticut.

MONTVALE, N.J. — Grocer A&P has announced the launch of a new Preferred Pet Club program in collaboration with the American Society for the Prevention of Cruelty to Animals, offering exclusive discounts to pet owners across New York, New Jersey, Pennsylvania, Delaware and Connecticut.

July 5, 2011

New graphic cigarette warning labels released last month by the Food and Drug Administration already appear to be having one desired effect: an increase in "quit smoking" queries to the national 1-800-QUIT-NOW smoking cessation line, the Associated Press reported Saturday.

ATLANTA — New graphic cigarette warning labels released last month by the Food and Drug Administration already appear to be having one desired effect: an increase in "quit smoking" queries to the national 1-800-QUIT-NOW smoking cessation line, the Associated Press reported Saturday.

The new labels aren’t even on cigarette packages yet — the labels will be implemented next year.

June 15, 2011

A new survey recently conducted by the University of Florida found that retailers lost $37.1 billion in theft last year, up nearly $4 billion from 2009.

BOCA RATON, Fla. — A new survey recently conducted by the University of Florida found that retailers lost $37.1 billion in theft last year, up nearly $4 billion from 2009.

Criminologist Richard Hollinger led the National Retail Security Survey, which was sponsored by security systems integrator ADT Commercial. Hollinger found that employee theft made up the largest portion with $16.2 billion in losses, or more than 43% of the total, followed by shoplifting and organized retail crime, with a loss of $12.1 billion, or almost 33% of the total losses.