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  • CVS to pay $5M to settle drug pricing allegations Monday, 15 Oct 2012 | 6:11 PM ET

    WASHINGTON-- The Department of Justice said Monday that a unit of CVS Caremark Corp. has agreed to pay $5.25 million to settle allegations that it reported false information on prescription drug prices to the government's Medicare program.

  • IHS appoints new board member Monday, 15 Oct 2012 | 6:11 PM ET

    ENGLEWOOD, Colo.-- Business information and analytics firm IHS Inc. said Monday that it has added Jean-Paul Montupet to its board. Montupet, 64, is chair of the industrial automation business at Emerson Electric Co. and president of Emerson Europe.

  • DOJ investigates Bridgepoint Education Monday, 15 Oct 2012 | 6:10 PM ET

    The Justice Department is investigating compensation paid to Bridgepoint Education Inc.' s admissions staff, the for-profit education company disclosed in a regulatory filing Monday. Bridgepoint, based in San Diego, operates schools such as Ashford University and University of the Rockies.

  • Jasper port opening could be later than projected Monday, 15 Oct 2012 | 5:46 PM ET

    CHARLESTON, S.C.-- A $5 billion Savannah River container ship terminal planned since before the Great Recession may not be needed as early as projected because of the world economic slowdown.

  • Goldman Sachs appoints Ogunlesi to board Monday, 15 Oct 2012 | 5:46 PM ET

    NEW YORK-- Goldman Sachs Group Inc. said Monday that its board appointed Adebayo Ogunlesi as an independent director. Ogunlesi is a graduate of Oxford University, Harvard Law School and Harvard Business School. Goldman Sachs plans to appoint an additional independent director to its board soon.

  • ThinkThin bars recalled on contamination concerns Monday, 15 Oct 2012 | 5:41 PM ET

    The bars are made by Creative Energy Foods Inc. The recalled items are thinkThin crunch mixed nuts bars, chocolate dipped mixed nuts bars, white chocolate dipped mixed nuts bars, and caramel chocolate dipped mixed nuts bars.

  • ModusLink to delay filing annual report Monday, 15 Oct 2012 | 5:38 PM ET

    WALTHAM, Mass.-- ModusLink Global Solutions Inc., which manages corporate supply chains, on Monday said the filing of its annual report for the year ended July 31 will be delayed as the company works through a restatement of past results.

  • Pacific Premier buying First Associations Bank Monday, 15 Oct 2012 | 5:33 PM ET

    COSTA MESA, Calif.-- Pacific Premier Bancorp. Inc. said Monday that it agreed to buy First Associations Bank in a deal valued at $53.7 million. First Associations had $356.2 million in assets and $305.5 million in deposits as of Sept. 30.

  • ETF price war expands to BlackRock's iShares ETFs Monday, 15 Oct 2012 | 5:29 PM ET

    BOSTON-- BlackRock Inc.' s iShares unit is reducing the investment fees charged at six of its largest exchange-traded funds as the biggest ETF provider expands a fee-cutting war that's benefiting cost-conscious investors.

  • 'Taken 2' repeats at No. 1 with $21.9M weekend Monday, 15 Oct 2012 | 5:26 PM ET

    2. "Argo," Warner Bros., $19,458,109, 3,232 locations, $6,020 average, $19,458,109, one week. 4. " Hotel Transylvania," Sony, $17,241,317, 3,375 locations, $5,109 average, $102,133,934, three weeks. 5. "Here Comes the Boom," Sony, $11,816,596, 3,014 locations, $3,921 average, $11,816,596, one week.

  • Microchip warns of revenue shortfall Monday, 15 Oct 2012 | 5:25 PM ET

    CHANDLER, Ariz.-- Chipmaker Microchip Technology Inc. said Monday that its sales for the quarter that ended two weeks ago were below its expectations, due to economic and industry conditions. The Chandler, Ariz., company now expects revenue of $407 million to $408 million. On Aug. 2, it saw revenue in the $412 million to $430 million range.

  • WD-40's fiscal 4Q profit below expectations Monday, 15 Oct 2012 | 5:20 PM ET

    SAN DIEGO-- WD-40 Co. said its fiscal fourth-quarter profit dropped 11.9 percent because sales in Europe slipped as customers delayed buying its lubricant and cleaning products. WD-40 makes its namesake spray lubricant, along with related cleaning products. WD-40 gets more than half of its sales in the Americas, and about one-third from Europe.

  • News Summary: US retail sales up 1.1 percent Monday, 15 Oct 2012 | 5:12 PM ET

    SALES UP: Americans spent 1.1 percent more at retail stores in September, the Commerce Department said Monday. That followed a 1.2 percent increase in August. The gains marked the best two months for sales in two years.

  • Citigroup, Eli Lilly, Clearwire are market movers Monday, 15 Oct 2012 | 5:07 PM ET

    NEW YORK-- Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:. Citigroup Inc., up $1.91 at $36.66. Clearwire Corp., up 37 cents at $2.69.

  • ICU Medical 3Q net income jumps 32 percent Monday, 15 Oct 2012 | 5:02 PM ET

    SAN CLEMENTE, Calif.-- ICU Medical Inc. said Monday that its net income climbed 32 percent in the third quarter on more sales of infusion therapy and cancer treatment products. Net income rose to $12.2 million, or 82 cents per share, from $9.3 million, or 65 cents per share, a year ago. Shares of ICU Medical rose 75 cents to close at $59.96.

  • Family seeks answers after death at seafood plant Monday, 15 Oct 2012 | 4:45 PM ET

    SANTA FE SPRINGS, Calif.-- Workplace safety investigators and a grieving family on Monday searched for an explanation of how a pallet jack operator was cooked to death at a Bumble Bee Foods seafood processing plant.

  • iPhone sales helped drive US retail sales in Sept. Monday, 15 Oct 2012 | 4:30 PM ET
  • FDA: Pharmacy's other drugs may be causing illness Monday, 15 Oct 2012 | 4:29 PM ET

    The New England Compounding Center of Framingham, Mass., has been under scrutiny since last month, when a rare fungal form of meningitis was linked to its steroid shots used mostly for back pain. Monday's step by the Food and Drug Administration followed reports of infections in three people who got different drugs made by the company.

  • Confident consumers give US retail sales a lift Monday, 15 Oct 2012 | 4:22 PM ET

    Retail sales jumped 1.1 percent last month, producing the best two months of sales in two years, according to figures released Monday by the Commerce Department. "The consumer is back," said Joel Naroff, chief economist at Naroff Economic Advisors. "

  • News Summary: Stocks rise on Monday Monday, 15 Oct 2012 | 4:18 PM ET

    The government said retail sales in August and September posted their two largest gains since October 2010. WHO THAT HELPS: Companies that rely on consumer spending, like Lowe's, TJX Cos. and Yum Brands. WHAT'S NEXT: Quarterly reports due Tuesday include Intel, Goldman Sachs, Johnson& Johnson, and Coca-Cola.