Financial News

06/13/2013 - 10:29am
Emdeon buys Goold Health Systems

Emdeon has bought a company that provides pharmacy benefit and related services to state Medicaid agencies, Emdeon said.

06/12/2013 - 4:33pm
Safeway to sell Canadian operations to Sobeys

Safeway announced that it has entered into an agreement to sell its Canadian operations through a sale of the net assets of Canada Safeway Limited to Sobeys, a Canadian food retailer and wholly-owned subsidiary of Empire Company Limited, for $5.7 billion in cash plus the assumption of certain liabilities.

06/12/2013 - 3:37pm
Reports: Coty's IPO is set to launch

Coty Inc.’s long-awaited initial public offering is reportedly set to launch with shares to trade on Thursday, according to published reports.

06/12/2013 - 3:00pm
Teva, Sun to pay $2.15 billion to Pfizer, Takeda to settle Protonix case

Pfizer will receive more than $2 billion from Teva Pharmaceutical Industries and Sun Pharmaceutical Industries to settle a case concerning a gastroesophageal reflux disease drug.

06/11/2013 - 2:21pm
Catamaran signs 10-year PBM outsourcing deal with Cigna

Catamaran will provide pharmacy benefit management services to Cigna Corp. for 10 years under a new deal between the PBM and the health insurer.

06/11/2013 - 8:24am
GelStat working deal to expand product portfolio

GelStat announced its intent to acquire the rights to multiple products from Larry Gershman.

06/10/2013 - 2:46pm
Berkshire Hathaway, 3G Capital close $28 billion Heinz deal

Warren Buffett's Berkshire Hathaway and 3G have completed their acquisition of condiment maker H.J. Heinz Co., Heinz said.

06/10/2013 - 11:07am
AstraZeneca to buy developer of COPD drug

Anglo-Swedish drug maker AstraZeneca will pay up to $1.15 billion for a U.S. developer of drugs for respiratory diseases, AstraZeneca said Monday.

06/07/2013 - 1:36pm
Rite Aid announces debt refinancing move, forecasts Q1 profit

Rite Aid moved to refinance its debt Friday, announcing that it would buy half a billion dollars in notes using proceeds from a new loan, while also projecting that it would turn a profit in the first quarter of fiscal year 2014, results of which it will announce next week.

06/06/2013 - 11:54am
NRF releases 9th Annual Organized Retail Crime survey

Organized retail crime may have decreased very slightly last year, according to a new National Retail Federation study, but it remains a massive problem and the nation’s largest cities are especially prone to organized activities.

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