Company: CVS Corp

(Reuters) - Drug wholesaler Cardinal Health Inc will suspend shipments of controlled substances from a Florida warehouse for two years under a settlement of federal litigation stemming from a major crackdown on prescription painkiller abuse.

Pharmaceutical wholesaler Cardinal Health Inc. said Tuesday one of its Florida facilities will be barred from shipping controlled substances for two years under a settlement with federal authorities over alleged ineffective controls.

(Reuters) - Joan Fee is just the kind of customer the online photo industry is hoping for when it offers free prints and photo books. The 55-year-old personal assistant from Morro Bay, California, saw an email a couple of weeks ago offering a photo book for just the price of shipping, and she bit.

(Reuters) - A U.S. government examination found questionble billing practices for Medicare prescription drug coverage at 4 percent of American pharmacies, particularly independent retail drugstores.

WASHINGTON (Reuters) - A Senate panel has launched a probe of possible links between three drugmakers and nonprofit medical groups that advocated for increasing the use of prescription painkillers, now the target of a nationwide law enforcement crackdown.

WASHINGTON (Reuters) - A U.S. Senate panel has launched a probe of possible links between three drugmakers and nonprofit medical groups that advocated for increasing the use of prescription painkillers, now the target of a nationwide law enforcement crackdown.

WASHINGTON/NEW YORK (Reuters) - Ernst & Young's lobbying unit is no longer listed as a lobbyist for three major U.S. companies, all of whom were 2011 audit clients of the accounting giant. The deregistration follows questions raised by two U.S. senators in March about whether the dual relationships crossed auditor independence boundaries.

WASHINGTON/NEW YORK (Reuters) - Ernst & Young's lobbying unit is no longer listed as a lobbyist for three major U.S. companies, all of whom were 2011 audit clients of the accounting giant. The deregistration follows questions raised by two U.S. senators in March about whether the dual relationships crossed auditor independence boundaries.

Health Net Inc.'s first-quarter loss narrowed compared to last year, but the managed care company slashed its 2012 earnings outlook for its continuing operations due to some unexpected costs, and its performance fell far short of analyst expectations.

NEW YORK (Reuters) - The S&P 500 and the Dow edged lower on Wednesday as data showed that private sector hiring fell far more than expected in April, sparking concerns that Friday's U.S. jobs report will also disappoint investors.

NEW YORK (Reuters) - The S&P 500 and the Dow edged lower on Wednesday as data showed that private sector hiring unexpectedly fell to a seven-month low in April, sparking concerns that Friday's key jobs report will also disappoint investors.

NEW YORK (Reuters) - The S&P 500 and the Dow fell on Wednesday as data showed private sector hiring slowed in April, sparking concerns that monthly payrolls numbers on Friday will be weaker than forecast.

NEW YORK (Reuters) - U.S. stocks fell on Wednesday, a day after the Dow closed at its highest level in more than four years, as data showed private sector hiring has slowed down.

CVS Caremark Corp.'s first quarter earnings jumped 9 percent, due in part to a contract impasse between two rivals, and the drugstore chain expects that benefit to continue.

EARNNGS GROWTH: CVS Caremark Corp. posted eaernings of $776 million, or 59 cents per share, in the first quarter. That compares with $713 million, or 52 cents per share, last year. Revenue rose 20 percent to $30.8 billion.