CVS Caremark announced on Friday that it has agreed to a $20 million civil penalty to resolve a previously disclosed investigation by the Securities and Exchange Commission into 2009 public disclosures made by the company, securities transactions and certain aspects of the purchase accounting adjustment related to the October 2008 Longs Drug Stores acquisition.
Concern over rising fuel prices has eclipsed unemployment — the leading worry since 2009 — as the No. 1 factor that keeps retailers up at night, according to a study released by BDO USA on Monday, though the current uptick in consumer spending somewhat alleviates that concern.
Kmart parent company Sears Holdings has named William Phelan as acting CFO, replacing Michael Collins, currently SVP and CFO, who resigned last week to pursue another opportunity, the company reported in a Securities and Exchange Commission filing.
One could say that a job with the Food and Drug Administration would be the perfect way to get information about upcoming drug approvals and use it to profit handsomely from buying stock in the companies that manufacture the drugs before the information reaches the public.