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Walgreen explores sale of $1.5 billion infusion business: sources
23 Sep 2014 | 6:33 pm
By Soyoung Kim and Greg Roumeliotis NEW YORK (Reuters) - U.S. drugstore chain operator Walgreen Co is exploring the sale of a majority stake in its infusion services business, in a deal that could value that division at around $1.5 billion, according to four people familiar with the matter. The Deerfield, Illinois-based company has hired Bank of America Corp to run a sale process for Walgreens Infusion Services, which has already attracted interest from private equity firms, the people said this week. ...
Ebola's murderous path from a toddler to global mayhem
23 Sep 2014 | 6:08 pm
New U.S. tax rules chill 'inversion' deal-making; shares dive
23 Sep 2014 | 5:28 pm
By Kevin Drawbaugh and Soyoung Kim WASHINGTON/NEW YORK (Reuters) - Tough new U.S. government rules on corporate "inversion" deals, aimed at making the tax-avoidance transactions less desirable, undermined share prices in nearly a dozen companies on both sides of the Atlantic on Tuesday. Analysts and tax lawyers were studying the damage to deals currently in the works and the outlook for future such deals, in which U.S. companies escape high taxes at home by shifting their domiciles abroad. ...
Boost in quest for TB breath test
23 Sep 2014 | 5:18 pm
Three more dead from Legionnaire's disease in Spain
23 Sep 2014 | 5:15 pm
Barcelona (AFP) - Three more people have died from Legionnaire's disease in Catalonia in northeastern Spain, officials said Tuesday, bringing to seven the death toll from the lung infection in the region in just over a week.
Wall St. ends lower, S&P 500 falls for third straight day
23 Sep 2014 | 5:08 pm
By Ryan Vlastelica NEW YORK (Reuters) - U.S. stocks fell on Tuesday, with consumer staples leading the S&P 500 down to its third straight daily loss, as investors grew concerned about the pace of global economic growth. The day's losses were broad, with all ten primary S&P sectors down. Consumer staples were the weakest on the day, off 0.9 percent, while industrials lost 0.8 percent. Wall Street's losses tracked Europe's 1.3 percent slump after data showed a contraction in French business activity and slower growth in German manufacturing this month. ...
Factbox: Pending 'inversions' that new U.S. Treasury rules may hit
23 Sep 2014 | 4:57 pm
(Reuters) - The Obama administration has imposed new rules, effective immediately, meant to curb "inversion" deals. A handful of companies in the midst of completing such tax-avoiding transactions are potentially affected. Here is a list of pending inversions that may be complicated by the new rules: * Mylan Inc , a generic drugmaker based in Pennsylvania, plans to pay $5.3 billion to acquire a chunk of Abbott Laboratories' non-U.S. business. The tax home of the new company would be the Netherlands. ...
Celgene's psoriasis drug gets approval for new indication
23 Sep 2014 | 4:40 pm
(Reuters) - Celgene Corp said the U.S. Food and Drugs Administration has approved the expanded use of its drug Otezla for treating patients with moderate to severe plaque psoriasis.The drug, known chemically as apremilast, is already approved for treating psoriatic arthritis, a type of arthritis associated with the skin disease. The drug is also being studied as a potential treatment for a type of spondylitis. Celgene forecast in March annual Otezla sales of $1.5 billion to $2 billion by 2017. ...
US warns that Ebola could infect 1.4 million
23 Sep 2014 | 4:14 pm
NEW YORK (AP) — U.S. health officials Tuesday laid out worst-case and best-case scenarios for the Ebola epidemic in West Africa, warning that the number of infected people could explode to at least 1.4 million by mid-January — or peak well below that, if efforts to control the outbreak are ramped up.
Oregon issues toxic algae warning for popular fishing lake
23 Sep 2014 | 4:11 pm
By Courtney Sherwood PORTLAND Ore. (Reuters) - Oregon health officials worried about the presence of dangerously toxic blue-green algae in waters used by the public issued a new warning on Tuesday, this time for a lake popular for fishing and camping. Tests on Cullaby Lake, near the northwest Oregon coast, confirmed high levels of microsystin, making waters unsafe for people and their pets, Oregon Health Authority spokesman Jonathan Modie said. ...
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