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  • Lilly invests $2.5 million into Grow What Works campaign

    INDIANAPOLIS — Eli Lilly announced its largest-ever education-focused grant.

    The drug maker has teamed up with nonprofit group The Mind Trust to launch the Grow What Works campaign, which seeks to raise and invest $18 million in the highest-impact education organizations working in Indianapolis. Lilly invested $2.5 million for the cause.

    Since its founding in 2006, The Mind Trust has been strategically building a network of the nation's best education reform organizations in Indianapolis, Lilly said.

  • Cardinal Health's quarterly dividend increases 10%

    DUBLIN, Ohio — Healthcare services company Cardinal Health announced that its board of directors has approved an increase in the company's quarterly dividend to 21.5 cents per share, or 86 cents per share on an annualized basis.

    The declared dividend marks a 10% increase above what the company has paid out since July 2010, and also marks the 107th consecutive regular quarterly dividend for Cardinal Health.

    The regular quarterly dividend is payable on July 15 to shareholders of record on July 1.

  • April sales increase 3% for Fred's

    MEMPHIS, Tenn. — Fred's tallied $141.8 million in sales, representing an increase of 3% for the four weeks ended April 30, the retailer reported Thursday.

    Comparable-store sales for the month rose 1.8%, versus an increase of 0.6% in the same period last year. Likewise, Fred's total sales for the first three months of fiscal 2011 increased 3% to $484.4 million.

  • Walgreens comps rise for April

    DEERFIELD, Ill. — Sales for Walgreens during the month of April edged up 5.5%, thanks to a boost in both front-end and pharmacy sectors.

    The drug store chain said that total front-end sales experienced a 9.4% boost, while comparable front-end sales benefited from the later Easter holiday with a 6.5% increase.

  • McKesson reports Q4, fiscal-year results

    SAN FRANCISCO — Sales at McKesson were $28.9 billion during fourth quarter 2011 and $112.1 billion for fiscal year 2011, according to financial results announced Tuesday.

    Sales for the quarter represented an 8% increase over $26.6 billion in fourth quarter 2010, while sales for the year increased by 3% over 2010’s $108.7 billion.

    Profits for the quarter were $422 million, a 21% increase over fourth quarter 2010, while profits for the year were $1.2 billion, a 5% decrease from fiscal year 2010’s $1.26 billion.

  • U.S. sales of cosmetics, toiletries rise above pre-recession levels

    PARSIPPANY, N.J. — Sales of cosmetics and toiletries in the United States increased 2.4% to $36.5 billion in 2010 — which is above pre-recession levels — thanks to technological advances, promotional activity and rising consumer confidence, according to worldwide consulting and research firm Kline.

  • Delhaize America sees slight Q1 sales gain

    SALISBURY, N.C. — First-quarter revenue for Delhaize America, the U.S. sector of the Delhaize Group, which includes such supermarket banners as Food Lion and Bottom Dollar, experienced a 0.1% increase to nearly $4.7 billion, the company reported.

  • Mylan's Q1 sales increase by 12%; judge dismisses case against FDA

    PITTSBURGH — Sales at generic drug maker Mylan increased by 12% during first quarter 2011, compared with first quarter 2010, the company said Tuesday.

    Sales for the three months ended March 31 were $1.45 billion, compared with $1.29 billion during the same period a year ago. Profits, meanwhile, were $104.2 million, compared with $61.1 million in first quarter 2010.

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