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Capital Goods Industrial Traders and Distributors

  • *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...

  • TAIPEI, Oct 19- Apple Inc supplier Taiwan Semiconductor Manufacturing Co Ltd on Thursday said supply-chain inventory constraints pulled down net profit in the third quarter, albeit by a lesser degree than analysts had estimated. Profit fell 7.1 percent to T $89.93 billion, in July-September, versus the T $88.19 billion average of 21 analyst estimates in a...

  • Sept 7- New Mexico on Thursday sued eight opioid manufacturers and wholesale distributors, becoming the latest state or local government to file a lawsuit seeking to hold corporations accountable for a national drug addiction epidemic. New Mexico Attorney General Hector Balderas accused Purdue Pharma LP, Johnson& Johnson, Allergan Plc, Endo International...

  • Sept 7- New Mexico on Thursday sued eight opioid manufacturers and wholesale distributors, becoming the latest state or local government to file a lawsuit seeking to hold corporations accountable for a national drug addiction epidemic. New Mexico Attorney General Hector Balderas accused Purdue Pharma LP, Johnson& Johnson, Allergan Plc, Endo International...

  • *Q1 adj. earnings of $2.46/ share vs est of $2.83/ share. *Raises fiscal 2018 earnings forecast to $11.80- $12.50/ share. "We entered this year with an assumption of branded inflation in the mid-single digits, and our first quarter experience was slightly ahead of this assumption," McKesson Chief Executive John Hammergren said.

  • Leerink analyst David Larsen noted that the company's distribution business performance was a significant surprise given commentary around a stabilizing environment in independent pharmacy networks and improving sentiment around brand pricing. Net income attributable to McKesson fell to $309 million, or $1.45 per share, in the first quarter ended...

  • Net income attributable to McKesson fell to $309 million, or $1.45 per share, in the first quarter ended June 30, from $542 million, or $2.38 per share, a year earlier. Excluding items, the company earned $2.46 cents per share, below analysts' average estimate of $2.83, according to Thomson Reuters I/B/E/S. Revenue rose nearly 3 percent to $51.05 billion, missing...

  • 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.