Wednesday, April 7, 2010 as of 11:14 AM ET
Omnicare (NYSE: [http://www.nyse.com/about/listed/lcddata.html?ticker=OCR OCR]) is a Fortune 400 company based in Covington, Kentucky.
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J. -(Dow Jones)- Alex Gorsky, Johnson & Johnson's (JNJ) incoming chief executive, said his No. 1 priority was fixing the problems in the company's over-the-counter medicine business, which has been hurt by recalls that have dimmed sales and damaged the health-care giant's reputation.Mr. Gorsky, who takes the helm of J&J from William Weldon on Thursday, voiced confidence that the health-care giant has taken the steps needed to revive the business and reintroduce withdrawn products while upgrading manufacturing."No. 1, we've got to get product on the shelves, and I'm very confident our teams can rebuild a lot of these brands," Mr. Gorsky said in an interview Wednesday.Starting in late 2009, J&J began recalling iconic medicines like children's Tylenol after finding metal shavings were found in some bottles, as well as excessive concentrations of active ingredients and bad odors. Earlier this year, the company was forced to recall some Tylenol that it had put back on store...Omnicare, Inc. (NYSE:OCR) was trading down nearly 8% Thursday after the company reported a drop in second-quarter revenue, fueled primarily by low prescription volum...
The U.S. Department of Justice has asked a federal judge to compel incoming Johnson & Johnson (JNJ) Chief Executive Alex Gorsky to undergo questioning as part of a l...
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U.S. stocks edged lower Monday as investors fixed their attention on the standoff between Greece and its private creditors and a surge in Portugal's borrowing costs....
The Federal Trade Commission late Friday issued a complaint to block Omnicare Inc.'s hostile acquisition of rival long-term pharmacy provider PharMerica Corp. . The ...
Chiquita Brands International (NYSE:CQB) might as well have rewritten its iconic jingle, like this:"I'm Chiquita Banana and I've come to say, if you want me in your ...
Investors next week will be watching car sales and several other pieces of economic data to see whether they will keep the rally in stocks going for another few sess...
Shares of Omnicare ( OCR ), a leader in pharmaceutical care for the elderly, ticked up about 3.5% Wednesday on news the company bought privately-owned Continuing Car...
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