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Drew Armstrong

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CVS CAREMARK CORP. reported second-quarter net income of $1.25 billion, an increase of 11 percent over the $1.12 billion reported a year earlier.

CVS tops profit estimates with new pharmacy-services customers

WOONSOCKET – CVS Caremark Corp., the biggest provider of prescription drugs in the U.S., reported profit that beat analysts’ estimates after adding new customers...
AMGEN INC. reportedly increased its offer to buy Onyx Pharmaceuticals to $130 a share, but Onyx officials say the company is worth more. / BLOOMBERG FILE PHOTO

Onyx rebuffs higher Amgen bid

NEW YORK -- Onyx Pharmaceuticals Inc., the biotechnology company said to have rebuffed an initial takeover bid from Amgen Inc., is involved with several...

Small-business insurance market from health law delayed a year

WASHINGTON - Small-business employees will have to wait a year before they can choose their own medical plans after the Obama administration delayed a...
FLU SHOTS ARE BECOMING harder to find at CVS Caremark Corp. and Rite Aid Corp., as an earlier and more severe flu season drives up demand. / BLOOMBERG FILE PHOTO/TOM STARKWEATHER

Flu shots hard to find at CVS, Rite Aid as patient...

NEW YORK - CVS Caremark Corp. and Rite Aid Corp., two of the largest U.S. drugstore chains, said they are running short of influenza...

Covidien spinning off drugs unit to focus on pain management

DUBLIN - Covidien Plc., a maker of surgical products and drugs, plans to spin off its pharmaceuticals division into a separate company that would...

U.S. waives health insurance minimums for 1 million

WASHINGTON - Almost a million workers won’t get a consumer protection in U.S. health law meant to cap insurance costs because the government exempted...
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