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Capital Goods Industrial Traders and Distributors

  • April 18- Kentucky's attorney general on Wednesday sued Johnson& Johnson, accusing the pharmaceutical manufacturer of devising a deceptive marketing scheme that mischaracterized the risk of opioid abuse and addiction. The lawsuit by Kentucky Attorney General Andy Beshear was his fifth to date seeking to hold a drug manufacturer or distributor...

  • April 12- Genuine Parts Co said on Thursday it would spin off its wholesale distribution business S.P. Richards and merge it with Essendant in a tax-free transaction for shareholders, as it focuses on its industrial and auto parts businesses. Illinois- based Essendant is a wholesale distributor of workplace items including janitorial supplies, while Atlanta,...

  • Container ships are positioned under cranes at the Port of Oakland, California.

    Robotics, digitization and localization — perhaps more than tariffs — are the major game-changers for globalization, UBS' chief economist says.

  • Adam Posen, Senior Fellow at the Peterson Institute for International Economics.

    President Trump's announcement of a steep tariff on imported steel and aluminum has garnered widespread criticism, with U.S. trade partners already threatening retaliation.

  • "In the first quarter of the fiscal year, we saw further market, pricing and competitive stability," AmerisourceBergen Chief Executive Steven Collis said in a statement. AmerisourceBergen's pharmaceutical distribution services unit which connects drugmakers with healthcare providers such as hospitals and pharmacies earned $38.94 billion in the latest...

  • Jan 22- Kentucky's attorney general on Monday accused drug distributor McKesson Corp of helping fuel the opioid epidemic by failing to halt shipments of suspiciously large or frequent orders by pharmacies of prescription painkillers. The complaint by Kentucky Attorney General Andy Beshear was filed in a state court and was one of a flurry of lawsuits by...

  • *Current CFO Kaufmann to become new CEO from Jan. 1. Nov 6- U.S. drug distributor Cardinal Health Inc's quarterly revenue fell short of analysts' forecasts, as prices for generic drugs remained stubbornly low, sending the company's shares down to a four-year low on Monday. Cardinal also named Chief Financial Officer Mike Kaufmann as its next CEO, replacing George...

  • "We will bring the pharmacy to our patients' doorsteps, with nationwide next-day delivery from our stores," CVS Chief Executive Larry Merlo said on a conference call with analysts. The pharmacy store operator, which also reported better-than-expected quarterly profit on Monday, said it would offer same-day delivery in select metro areas and free same-day...

  • "We will bring the pharmacy to our patients' doorsteps, with nationwide next-day delivery from our stores," CVS Chief Executive Larry Merlo said on a conference call with analysts. The pharmacy store operator, which also reported better-than-expected quarterly profit on Monday, said it would offer same-day delivery in select metro areas and free same-day...

  • *Posts Q4 loss, mainly on $575 mln legal reserve. The drug distributor ended its fiscal year with a quarterly loss as it set aside $575 million for legal costs for a lawsuit that alleged its unit sold pre-filled syringes of cancer drugs prepared in ways that violated federal rules. The company's results come against a backdrop of slumping generic drug prices that...

  • Industrial production down 0.4% in August

    CNBC's Rick Santelli reports the latest industrial production data.

  • Two employees tie up steel bars at a steel-making plant in Ganyu, China.

    Profits earned by Chinese industrial companies fell 4.6 percent in October from a year earlier, data from the statistics bureau showed on Friday.

  • Tourists wear masks as a precaution against the MERS virus at the Incheon International Airport in South Korea.

    South Korea's industrial output declined sharply with production losses across key automobile, semiconductor and machinery sectors.