Content about Financial News

February 3, 2008
FDA asks for $2.4 billion in proposed 2009 budget

The Food and Drug Administration has released its proposed budget for fiscal 2009 from the...

February 3, 2008
Kraft and Kellogg pursue increase in ad spending despite fall in income

Kraft and Kellogg Co. have decided to increase ad spending despite decreases in net income,...

February 3, 2008
Lil’ Drug Store acquires Wellgate

Lil’ Drug Store Products on Monday announced its acquisition of Wellgate Products, a marketer of...

February 3, 2008
McKesson revenues rise $3.4 billion in Q3

McKesson released its revenues for its third fiscal quarter that ended Dec. 31, 2007. Revenues...

February 3, 2008
P&G’s beauty and grooming sales rise

While the big news to come out of Procter & Gamble’s second-quarter results was the...

February 3, 2008
Walgreens’ January sales up 9.6 percent

The ongoing replacement of some branded pharmaceuticals with recently introduced, lower-priced generic drugs, combined with...

January 31, 2008
Alberto-Culver posts record Q1 sales

Alberto-Culver, whose brands include TRESemme, Alberto VO5, Nexxus and St. Ives, posted record sales and...

January 31, 2008
Ten-year Medicare costs $117 billion lower than original estimates

According to new reports, the cost of the Medicare prescription drug plan will be $117...

January 30, 2008
BMS posts improved year-on-year Q4, but still sees a loss

Bristol-Myers Squibb posted a better fourth quarter this year than last, but still lost money...

January 30, 2008
CVS posts record Q4 numbers

CVS posted on Thursday record revenues and earnings for the fourth quarter, bringing to a...

January 30, 2008
Despite solid fourth quarter, Wyeth cautious about 2008

Wyeth released its 2007 fourth-quarter report and it showed that while the company profited in...

January 30, 2008
GSK, OncoMed enter into potential $1.4 billion agreement

OncoMed Pharmaceuticals and GlaxoSmithKline have entered into an agreement worth up to $1.4 billion, according...

January 30, 2008
Matrixx releases Q3 financial results

Matrixx Initiatives Thursday morning released financial results for its fiscal 2008 third quarter and nine...

January 30, 2008
Pfizer's 2007 total revenue up slightly, sales of Lipitor see decline

Pfizer’s U.S. revenue decreased in 2007 as competition in the cholesterol market helped lead to...

January 30, 2008
Rite Aid posts four-week sales increase

Rite Aid on Thursday reported a 2 percent same-store sales increase for the four weeks...

January 30, 2008
Roche announces strong sales for FY 2007

Roche recently released its full year report and said that strong sales of its anticancer...

January 29, 2008
Eli Lilly posts big year-on-year gains for Q4

Eli Lilly announced that its fourth quarter profit surged from a year ago, according to...

January 29, 2008
J&J expects weak sales of Procrit

Johnson & Johnson is expecting continued weakness in the market this year for its erythropoiesis-stimulating...

January 29, 2008
Sepracor may owe government $100 million

Sepracor has announced that it has begun a review of its federal price reporting and...

January 28, 2008
Chattem reports best fiscal year ever

“[Chattem] experienced the most successful year in its 128 year history,” stated Zan Guerry, Chattem...

January 28, 2008
Wyeth becomes latest drugmaker to cut jobs

Wyeth Pharmaceuticals plans to cut up to 5,000 jobs in the next three years in...

January 27, 2008
Ahold 4Q U.S. sales reach $5 billion

Ahold today reported total net sales for its U.S. segments of $5 billion for the...

January 27, 2008
Eisai completes $3 billion-plus tender offer on MGI Pharma shares

Eisai Co., a research-based human health care company, has announced the completion of the offer...

January 27, 2008
Inverness to acquire Matria for $1.18 billion

Inverness Medical Innovations and Matria Healthcare Monday announced that Inverness will acquire all outstanding shares...

January 27, 2008
Supervalu's Sunflower Markets to close after two years

The Sunflower Markets chain run by Supervalu is shutting down after two years in business....