Archive for the ‘Business’
Walgreen ending CVS Caremark network relationship (AP)
AP – Drugstore chain Walgreen Co. said Monday it will end its relationship with competitor CVS Caremark’s pharmacy benefits management business because of complaints about prices and policies designed to drive customers toward CVS stores.
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Friday redux: Stocks fall in final hour of trading (AP)
AP – Stocks fell to their lowest level in seven months Monday after traders couldn’t shake fears that Europe’s economic problems will derail a global recovery.
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BP plans to replace containment cap next month (AP)
AP – As officials reported a gradual increase in the amount of oil being captured from the spewing wellhead at the bottom of the Gulf of Mexico, BP PLC said Monday that it plans next month to replace the cap collecting the crude with a slightly bigger device.
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Eurozone nations set up $1 trillion bailout fund (AP)
AP – Eurozone nations on Monday started setting up a massive bailout fund that could rescue any member of Europe’s currency union from default, aiming to soothe market jitters that have sent the euro to a new four-month low against the dollar.
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Gary mayor wants taxes before casino license vote (AP)
AP – Gary Mayor Rudy Clay is calling for the Majestic Star casino to pay $22 million in overdue Lake County taxes before state regulators vote on whether to renew the casino’s license.
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Chrysler expands recall of vehicles
Chrysler is recalling more than one million vehicles worldwide, including nearly 50,000 in Canada
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Business Update: Fund dumps BP
Nordic bank Nordea says it is selling its stake in BP and will not make any new investments in the oil company for the time being, because of BP’s role in the Gulf of Mexico oil spill.
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Business Update: Hungary reviews GDP
Hungary promises to rein in its budget defict, the UK government warns of even harsher budget cuts than anticipated, Prudential’s chaiman confirms dividend will stay unchanged, IATA says profits are on the up for airlines.
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Dem leaders in uphill push for health overhaul (AP)
AP – There are no simple fixes for President Barack Obama’s health care overhaul, the No. 2 House Democrat said Tuesday, as supporters agonized over whether to move the bill forward or hit the pause button until political resistance subsides.
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