Caremark Profit Up on Acquisition
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Caremark Rx Inc. CMX.N, a provider  of drug benefit programs to health plan sponsors, on Wednesday  said quarterly earnings rose, boosted by use of cheaper generic  drugs and the acquisition of AdvancePCS.
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Insurer UnitedHealth Group Inc.  said on Thursday that second-quarter profit rose, helped by higher premium revenue and favorable operating margins.
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Humana posted sharply higher quarterly profit, above Wall Streetâs average estimate, on strength in Medicare health plans for the elderly and its plans for employers.
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Johnson & Johnson posted a 9 percent increase in second-quarter profit yesterday, as the acquisition of Pfizerâs consumer health products line offset a continuing decline in sales of its stents and a top drug.
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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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Walgreen Co. , one of the largest U.S. drugstore chains, posted a higher quarterly profit on Monday, boosted by new stores and an inventory credit.
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CVS Corp.  on Thursday  again sweetened its $23.9 billion takeover bid for Caremark Rx  Inc.  with an increased dividend, calling the new  proposal its "best and final" offer for the pharmacy-benefits  manager.
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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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U.S. stocks rose Monday on strong Merck & Co. profits and news of a nearly $18 billion oil services takeover, while Treasury bonds eased as reduced fears about the subprime credit market made riskier assets attractive again.
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Clorox Co. CLX.N on Monday said its  quarterly profit rose more than six-fold, driven by gains its  transfer of some businesses to Henkel KGaA HNKG.DE and on  higher sales and cost-savings.
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UnitedHealth Group Inc. , the second biggest managed health care company, on Thursday said profit rose as its premiums outpaced the soaring cost of medical care.
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The pharmacy chain said fourth-quarter earnings after preferred dividends jumped to $811.2 million with its acquisition of the pharmacy-benefits manager.
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CVS Corp.  sweetened its  $23.9 billion takeover bid for Caremark Rx Inc.  on  Thursday with an increased dividend, calling its newest  proposal its "best and final" offer for the pharmacy-benefits  manager.
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U.S. stock indexes rose on Monday as takeover news and strong profits from blue-chip companies, including Merck & Co. , reassured investors after Friday's sell-off.
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Diversified health-care company Johnson & Johnson  on Tuesday said its quarterly profit rose on higher sales of prescription drugs and medical devices.
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WellPoint Health Networks Inc. WLP.N,  the No. 2 health insurer by enrollment in the U.S., on Monday  posted a steep rise in quarterly profit as it kept health  premiums above rising medical costs and added new members.
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Walgreen Co , one of the  largest U.S. drugstore operators, said on Friday quarterly  profit rose a better-than-expected 5.5 percent, helped by  higher sales and cost controls.