Content about Financial News

October 9, 2008
Physicians Formula terminates stock repurchase instruction

Beauty company Physicians Formula announced on Friday that in light of the unanticipated change in...

October 8, 2008
Companies endorse Invitrogen-Applied Biosystems merger

Several advisory firms have endorsed the planned merger between Invitrogen and Applied Biosystems, the companies...

October 8, 2008
Duane Reade former CEO and CFO indicted for falsifying income reports

Duane Reade’s former chairman, president and chief executive officer, Anthony Cuti, and former chief financial...

October 8, 2008
GelStat makes plans to turn around business and drive sales

GelStat Corporation chief executive officer Gerald Kieft on Tuesday outlined the company’s turnaround plans in...

October 8, 2008
Massive changes under way for supplement industry, experts say

The dietary supplement industry will likely contract through acquisition, witness changes in consumer activity and...

October 8, 2008
Nielsen report says more than a third of U.S. shoppers cutting back this holiday season

According to research released today by the Nielsen Co. about 35 percent of consumers in...

October 8, 2008
Specialists testify that Pfizer tampered with study results for epilepsy drug

Experts reviewing documents in a lawsuit against Pfizer said in federal court in Boston Monday...

October 7, 2008
Economy causing health care troubles for young adults

A survey from Medco Health Solutions shows that younger adults are feeling the crunch when...

October 7, 2008
Safeway announces its Q3 earnings for 2008

Safeway today reported a net income total of $199.7 million, or $0.46 per diluted share,...

October 7, 2008
Walgreens backs out of Longs buyout offer

In yet another twist and turn to the ongoing tale of the sale of Longs...

October 7, 2008
Wolfson Foundation donates $11 million to Miami Dade College nursing school

In order to address a shortage of working nurses and those entering the market which...

October 6, 2008
Mars successfully completes acquisition of Wrigley

Mars Inc. Monday announced the completion of its acquition of Wm. Wrigley Jr. Company. Mars...

October 5, 2008
Colgate-Palmolive announces dividend pay-outs

Colgate-Palmolive’s board of directors has declared quarterly cash dividends of 40 cents per common share....

October 5, 2008
Eli Lilly buying ImClone for $6.5 billion, companies announce

After weeks of speculation, Eli Lilly will pay $6.5 billion for biotech ImClone Systems, the...

October 5, 2008
Jean Coutu reports revenues for Q2, predicts growth for 2009

The Jean Coutu Group on Monday reported a 5 percent increase in revenues across...

October 5, 2008
P&G supports APhA media center with contribution

Procter & Gamble has contributed to the American Pharmacists Association Foudation’s media center, APhA announced...

October 5, 2008
Rite Aid reports cash dividend payout for preferred stock

Rite Aid on Monday declared a cash dividend of $0.4049 per share on its 5.5...

October 5, 2008
Sun subsidiary to hold off on buying remaining shares of Taro

Sun Pharmaceutical Industries subsidiary Alkaloida Chemical Company has extended the expiration date of the tender...

October 5, 2008
Walgreens chairman joins Penney board

JCPenney today said Walgreens chairman and chief executive officer Jeff Rein has joined its board...

October 2, 2008
Cardinal reaches settlement on controlled-substances charge

Resolving a major legal impasse that had threatened both its own business and that of...

October 2, 2008
CVS refutes antitrust memo posted by CtW

CVS Caremark has taken exception with an antitrust memo recently submitted to the board of...

October 2, 2008
Genentech’s buyout price increases 8 percent due to stronger U.S. dollar

Roche will have to shell out a few more dollars for Genentech as the dollar...

October 1, 2008
Big Y announces White new chief financial officer

Big Y Foods’ board of directors has tapped William D. White for the role of...

October 1, 2008
GlaxoSmithKline settles Paxil lawsuit: $40 million to health insurance providers

GlaxoSmithKline has agreed to pay $40 million to health plans that paid for the antidepressant...

October 1, 2008
Perrigo boosts Wisser to manager of research and development

Generic drug maker Perrigo has promoted Mike Wisser to the position of analytical research and...