Health Care

CVS Cuts Profit Forecast, Shares Fall

Drugstore chain CVS Health cut its 2016 adjusted earnings forecast, citing slowing prescription growth and pharmacy network changes that will cause retail prescriptions to begin migrating out of its pharmacies this quarter.

Valeant's Revenue Falls, Cuts Forecast

Valeant Pharmaceuticals reported a smaller-than-expected quarterly adjusted profit and the company cut its full-year profit and revenue forecasts.

New recall headache for Samsung: 3M washing machines

In another black eye for one of the world's leading consumer brands, U.S. authorities announced a recall Friday of nearly 3 million Samsung washing machines following several reports of injuries — including a broken jaw — due to "excessive vibration." The recall comes a month after the South Korean manufacturer recalled millions of its Galaxy Note 7 smartphones from consumers around the world, because of a mysterious problem that caused the phones' batteries to overheat and catch fire.

Health Insurer Cigna's Revenue Rises 5.2%

Health insurer Cigna reported a better-than-expected quarterly adjusted profit as strength in its commercial business more than offset higher costs in its Medicaid business.

Volvo replaces stodgy S80 with sleek S90 luxury sedan

Volvo has replaced its stodgy S80 sedan with the sleek, elegant and quiet S90, which has industry-first safety features designed to reduce or mitigate collisions with deer and other large animals.

Anthem Says it May Trim Obamacare Participation in 2018

U.S. health insurer Anthem Inc on Wednesday raised the prospect of smaller participation in the individual Obamacare exchanges in 2018, saying it would have a market-by-market strategy that hinges on 2017 profitability.