Eli Lilly Raises Estimate on Charge
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Drugmaker Eli Lilly and Co. LLY.N on  Wednesday said its restructuring will result in a  fourth-quarter charge of 24 cents to 27 cents per share, above  its previous estimate of 19 to 24 cents per share.
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The health insurer beats some estimates and raises others.
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A settlement of an inquiry into Lillyâs marketing of the antipsychotic drug Zyprexa could result in the company paying more than $1 billion to federal and state governments.
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State officials said that the company should be allowed to raise the prices it charges for delivering electricity by what critics believe would be the biggest amount ever.
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British Airways raised its fuel surcharge for the second time in six weeks yesterday as it continues to pass oil price rises on to customers.
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International Business Machines Corp. on Thursday told Wall Street to raise its 2008 estimates, further boosting a stock that was already buoyed by strong fourth-quarter earnings.
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Eli Lilly and Co.  said on Wednesday fourth-quarter earnings fell, hurt by a charge for a settlement with users of its Zyprexa schizophrenia drug, and the company forecast 2007 earnings at the low end of Wall Street estimates.
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NEW YORK, December 9  - Eli Lilly and Co (LLY.NYS) guided to earnings growth in 2005 today, driven by the accelerating sales of its newer drugs.
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Novartis and Wyeth reported that third-quarter earnings were hit by charges, while Eli Lilly beat expectations as sales of several of its drugs outpaced analystsâ estimates.
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Eli Lilly and Co.  on Tuesday  posted better-than-expected second-quarter earnings helped by  surging sales of its prescription drugs, including depression  treatment Cymbalta, and the company raised its 2007 profit  forecast.
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The largest U.S. health insurer said higher premiums revenue helped offset a 10 percent rise in medical benefit costs.
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Novartis AG posted a 1 percent increase in fourth-quarter profit Thursday as results were pressured by charges for looming litigation in the United States and a shake up in its generic drug business.
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Eli Lilly and Co. on Thursday  reaffirmed it expects its 2006 earnings to rise 8 percent to 12  percent, but projected disappointing profit growth for 2007  even though its revenues will grow at a faster pace next year.
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Nasdaq Stock Market Inc. plans to raise the annual fees it charges the almost 3,200 companies that list their shares on the electronic marketplace.
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German energy giant E.ON has raised its takeover offer for Spain's Endesa electricity firm to 35 euros (44.7 dollars) per share from 25.4 euros (32.5 dollars) offered in February, the company said in a statement.
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Eli Lilly & Company reported fourth-quarter earnings of $854.4 million, or 78 cents a share, compared with $132.3 million, or 12 cents a share, a year ago.
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OAKLAND, Calif. - The Clorox Co. Thursday raised its fiscal 2005 earnings estimates as it digested the effects of an exchange of shares earlier this year with European rival Henkel KGAA.