Proxy adviser recommends Caremark reject CVS
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Proxy advisory firm Glass Lewis  said on Friday it recommended that shareholders of Caremark Rx  Inc.  rejected the planned $24 billion takeover by  drug-store chain CVS Corp.
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Cambridge Heart Inc. , a small, publicly traded company based in Bedford, has suffered a setback in its bid to persuade Medicare to mandate its tests for a registry of implantable defibrillator patients.
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Avoiding Wall Street's research analysts might not save you.
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Should a dreadful first quarter keep you away from this stock?
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CVS Corp.  is likely to  raise its $23.4 billion offer for Caremark Rx Inc. CMX.N>, but  rival suitor Express Scripts Inc.  may still have more  money to throw into the bidding war, sources familiar with the  situation said on Thursday.
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NASHVILLE, Tenn. -- Express Scripts Inc., which has been battling CVS Corp. to acquire pharmacy benefits manager Caremark Rx Inc., said Monday it won't make a higher offer because it isn't allowed to see enough of Caremark's financial data to perform due diligence.
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CVS Corp.  and Caremark Rx Inc.   said on Tuesday they had sweetened their merger deal,  raising the proposed special cash dividend for Caremark  stockholders to $6 per share from $2.
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British regulators recommended on Monday that physicians restrict the use of the anti-depressant Efexor from drugmaker Wyeth because its use could have side effects for heart health and pose other potential risks that require more careful monitoring than other drugs in the class. Wyeth said it would challenge the decision, but its shares slipped 3 percent.
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Federal health advisers recommended against over-the-counter sales of a cholesterol drug, saying that patients need medical guidance in treating a condition that has no symptoms and may require drugs for life to stay healthy.
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Shareholder advisory firm Proxy Governance on Thursday urged the investors of Applebee's International Inc  to vote against the bar-and-grill restaurant chain's planned $1.9 billion acquisition by IHOP Corp.
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Ponders withdrawing support for non-stickered product
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BETHESDA, Md.  - A U.S. advisory panel on Friday  urged regulators to reject over-the-counter sales of Merck &  Co. Inc.'s cholesterol-lowering drug Mevacor because of doubts  the medicine could be used safely without a doctor's guidance.
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A broker wants to help you retire early? Be careful.
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CVS Corp.  sweetened its bid for Caremark Rx Inc.  on Tuesday by tripling a proposed special cash dividend for the pharmacy benefit manager's stockholders to $6 per share, after proxy advisory firms urged rejection of the previous offer.
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CVS Corp.  on Thursday again raised its takeover bid for Caremark Rx Inc.  by sweetening a one-time dividend and said the new proposal was its "best and final" offer.
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A Delaware Chancery Court judge ruled on Friday that Caremark Rx Inc.  must delay a shareholder vote on its planned acquisition by CVS Corp.  until at least 20 days after it provides more details on the transaction.
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Retail drugstore chain CVS Corp. said it remains confident it will buy the pharmacy-benefit manager Caremark Rx Inc. , despite a higher, unsolicited offer for Caremark submitted yesterday by Express Scripts Inc.