GM Drops Walgreen As Drug Provider
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General Motors Corp. is dropping Walgreen Co. from its network of prescription drug providers, saying it feared the huge drugstore chain might sever ties with the world's biggest automaker over GM's policy of requiring mail-order purchases of some drugs which are prescribed to be taken over a long period.
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Select Medical will become a privately held subsidiary of EGL Holding Co. The deal is set to close in the first quarter of 2005. The deal leaves open the prospect for another buyer, though JP Morgan analyst
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CHICAGO, Sept. 25  &#151; The Walgreen Company, the drugstore chain, posted a 25 percent increase in quarterly profit on Monday driven by strong sales of prescription medications, but its shares declined as earnings before unusual items fell short of expectations.
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Pfizer Inc. said Saturday it has cut off all clinical trials and development for a cholesterol drug that was supposed to be the star of its pipeline because of an unexpected number of deaths and cardiovascular problems in patients who used it.
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A Tulsa company that sold imported prescription drugs from Canada bowed to legal pressure from the Food and Drug Administration yesterday and agreed to permanently halt the practice.
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Walgreen (NYSE: WAG), a company that has built a business largely on prescription drugs, reported its 30th consecutive year of record sales and earnings today.
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Merck &amp; Co. withdrew its Vioxx painkiller, which generated $2.5 billion in sales last year, because of a link to heart attacks and strokes.
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Wal-Mart is adding $4 generic drugs to its health insurance plans and offering lower premiums and deductibles, the third consecutive year of changes to the employee health benefits that unions have criticized.
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By Murphy, Tom  Gateway Medical Resource Alliance, a niche health care benefits company, will shut down Aug. 30, more than 4 month after losing the lone Indianapolis hospital in its network.
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Wal-Mart Stores Inc., said on Thursday   it would cut the price of nearly 300 generic drugs to $4 per   prescription starting in the retirement haven of Tampa,   Florida.
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Lab testing company Quest Diagnostics Inc.  on Tuesday said it will no longer be a contracted provider for insurer UnitedHealth Group Inc. , an agreement that had accounted for 7 percent of Quest's annual revenue.
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Walgreen Co. (WAG.N: Quote, Profile, Research) , the largest US drugstore chain, on Wednesday said it will no longer accept American Express&#39; roughly 36 million credit cards because of
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Public reaction forced the drug manufacturer to ends its lobbying efforts in state legislatures on behalf of a vaccine.
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Wal-Mart Stores Inc. will next year   curtail the options that it offers newly hired workers for   health-care coverage, promoting a low-premium, high-deductible   plan, The Wall Street Journal reported on Thursday.
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GM to close Baltimore plant, stop making two van models
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General Motors Corp. GM.N on  Wednesday said fourth-quarter earnings fell 37 percent due to  growing U.S. health-care costs and bigger losses from its  European automotive operations.
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General Electric Co.  and Abbott Laboratories Inc.  said on Wednesday they terminated a proposed $8 billion deal for the sale of two Abbott diagnostics units to the conglomerate.