Wednesday, April 7, 2010 as of 11:14 AM ET
Cardinal Health, Inc. is a Fortune 500 health care services company based in Dublin, Ohio. The firm specializes in distribution of pharmaceuticals and medical products, serving more than 60,000 locations.
Read More at Wikipedia ›The pace of corporate bond issuance slowed down Wednesday, but enough small deals got done to suggest investor appetite remains in place despite several days of deteriorating sentiment.
Five high-grade companies borrowed a combined $2 billion Wednesday, down from more than $3 billion of new-volume in each of the prior two sessions.Larger deals included a $650 million, seven-year offering from asset manager Legg Mason Inc. (LM), which was priced to yield 5.682%, or 4.5 percentage points over Treasurys. Also, Cardinal Health (CAH) sold a $500 million issue of five- and 10-year bonds at 1.935% and 3.214%, respectively, or 1.20 and 1.45 points over Treasurys.Offered yields are generally falling as deals flow through the marketing period, suggesting they are being absorbed without much difficulty. But the story is quite different outside the new-issue market.Markit's CDX North America Investment Grade Index, a barometer of sentiment in the corporate bond market, weakened 1.5% to settle at 11...
FBN's Lauren Simonetti breaks down afternoon market news.
A U.S. Department of Veterans Affairs contract award for more than $4 billion in yearly spending for medicine at VA facilities has been held up by protests from two ...
During trading today, both the Healthcare sector ( XLV ) and the S&P500 showed little movement.The ETF, as a proxy for the sector, tracked closer to the overall mark...
Health-care stocks led the broader market higher Monday as the U.S. Supreme Court listened to arguments concerning the legality of President Barack Obama's health-ca...
A U.S. appeals court said two CVS Caremark Corp. (CVS) pharmacies in Florida cannot fill prescriptions for certain controlled drugs related to a Drug Enforcement Adm...
A U.S. appeals court ruled Friday that a Cardinal Health Inc. (CAH) distribution hub in Florida can't ship prescription painkillers while the company battles a Drug ...
AmerisourceBergen Corp. (ABC) agreed to pay $520 million in cash to buy a private company focused on helping pharmaceutical companies test complex treatments, buildi...
(This story has been posted on The Wall Street Journal Online's Health Blog at http://blogs.wsj.com/health.)Treating Traumatic Brain Injuries: A 184-patient study pu...
The Drug Enforcement Administration's efforts to crack down on allegedly illegitimate oxycodone prescriptions led it to ban two CVS Caremark Corp. (CVS) pharmacies i...
Cardinal Health Inc. (CAH) said Friday the Drug Enforcement Administration has suspended the drug wholesaler's license to distribute controlled medicines from a Flor...
Cardinal Health Inc. (CAH) said Friday that the Drug Enforcement Agency has suspended the drug wholesaler's license to distribute controlled medicines such as pain d...
DOW JONES NEWSWIRESCardinal Health Inc.'s (CAH) fiscal second-quarter earnings rose 22% on growth in its pharmaceuticals segment and higher margins, though the medic...
Here's what's making health news this morning:New Bid to Prevent Alzheimer's Early (WSJ): An Alzheimer's drug to be tested mostly on an extended family predisposed t...
FBN's Lori Rothman breaks down late-morning market news.
Cardinal Health said it has agreed to suspend shipment of controlled substances from its Lakeland, Fla., distribution center for two years in order to settle litigat...
Cardinal Health Inc.'s (CAH) fiscal third-quarter earnings rose 36% amid continuing strength at its pharmaceutical distribution business, which has been buoyed by sa...
Cardinal Health Inc., the Dublin, Ohio, health-care-services provider, reported that fiscal-third-quarter net income rose 36% on 3.2% higher revenue, and it sharpene...
The U.S. Department of Veterans Affairs has awarded drug wholesaler McKesson Corp. (MCK) a contract worth about $4 billion a year to supply medication to VA faciliti...
DOW JONES NEWSWIRESCardinal Health Inc. (CAH) has appointed a former Johnson & Johnson (JNJ) executive to lead its $9 billion medical products and services business ...
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