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Wednesday, April 7, 2010 as of 11:14 AM ET

Cardinal Health

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.

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New Corporate Bond Volume Slows; No Major Deals Wednesday

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...

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  1. Federal Drug Agents Search Walgreen Florida Locations

    FBN's Lauren Simonetti breaks down afternoon market news.

  2. Protests Delay Veterans Affairs Drug Contract Award

    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 ...

  3. Healthcare Sector Wrap

    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...

  4. Tenet, Insurers Lead Health-care Stocks Higher

    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...

  5. Court Rules Two CVS Florida Pharmacies Can't Ship Pain Pills

    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...

  6. Cardinal's Plant Is Stopped From Shipping Narcotic Painkillers

    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 ...

  7. AmerisourceBergen To Buy Speciality Drug Mover For $520 Million

    AmerisourceBergen Corp. (ABC) agreed to pay $520 million in cash to buy a private company focused on helping pharmaceutical companies test complex treatments, buildi...

  8. WSJ BLOG/Health: A.M. Vitals: Drug for Parkinson's Shows Potential in Traumatic Brain Injury

    (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...

  9. Two CVS Pharmacies Caught Up In DEA Prescription Probe

    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...

  10. Cardinal Protests DEA Suspension For Florida Facility

    Cardinal Health Inc. (CAH) said Friday the Drug Enforcement Administration has suspended the drug wholesaler's license to distribute controlled medicines from a Flor...

  11. Cardinal Health Protests DEA Suspension For Florida Facility

    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...

  12. Cardinal Health 2Q Net Up 22% On Pharmaceutical Unit Strength

    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...

  1. WSJ BLOG/Health: A.M. Vitals: New Alzheimer's Trial; Home HIV Test

    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...

  2. Cardinal Health Settles with DEA Over Florida Pill Facility

    FBN's Lori Rothman breaks down late-morning market news.

  3. Cardinal Health Settles DEA Probe

    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...

  4. Cardinal Health 3Q Profit Rises 36% On Strength At Drug Unit

    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...

  5. Cardinal Health Net Up 36%; Outlook Sharpened

    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...

  6. McKesson Wins Renewed $4 Billion/Year VA Drug-Supply Contract

    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...

  7. Cardinal Health Names Former J&J Executive To Lead Medical Products Operations

    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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