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Stock Market & Financial Investment News

News Breaks
January 30, 2014
07:39 EDTCAH, CVSCardinal Health sees CVS Caremark venture operational as soon as July 1
In December 2013, Cardinal Health (CAH) and CVS Caremark (CVS) announced the signing of an agreement to form the largest generic sourcing entity in the U.S. Both companies are contributing their sourcing and supply chain expertise to the 50/50 joint venture and are committing to source generic drugs through it. The U.S.-based joint venture is expected to be operational as soon as July 1 and will have an initial term of 10 years, Cardinal said.
News For CAH;CVS From The Last 14 Days
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September 15, 2014
09:59 EDTCVSOn The Fly: Analyst Upgrade Summary
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07:24 EDTCVSCVS Health upgraded at Cowen
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06:07 EDTCVSCVS Health upgraded to Outperform from Market Perform at Cowen
September 11, 2014
07:32 EDTCAHCardinal Health appoints Michael C. Kaufmann as CFO
Cardinal Health has named Michael C. Kaufmann, 51, CFO effective Nov. 11. This follows the previously announced planned retirement of current CFO Jeffrey W. Henderson, 49. Jon Giacomin, 49, has been named to the role of CEO of the Pharmaceutical segment, currently held by Mike Kaufmann, also effective Nov. 11.
September 8, 2014
08:01 EDTCVSCVS Health completes purchase of Navarro Discount Pharmacy
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07:26 EDTCVSMorgan Stanley to hold a conference
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September 3, 2014
06:07 EDTCVSCVS to change name, end tobacco sales early
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06:04 EDTCVSCVS Caremark changes name to CVS Health
CVS Caremark announced that it is changing its corporate name to CVS Health to reflect its broader health care commitment and its expertise in driving the innovations needed to shape the future of health. Larry J. Merlo, president and CEO, CVS Health announced, "For our patients and customers, health is everything and CVS Health is changing the way health care is delivered to increase access, lower costs and improve quality. As a pharmacy innovation company at the forefront of a changing health care landscape, we are delivering breakthrough products and services, from advising on prescriptions to helping manage chronic and specialty conditions." CVS Health includes the company's retail business, which continues to be called CVS/pharmacy; its pharmacy benefit management business, which is known as CVS/caremark; its walk-in medical clinics, CVS/minuteclinic; and its growing specialty pharmacy services, CVS/specialty. With 7,700 retail pharmacies, 900 walk-in medical clinics, a leading pharmacy benefits manager with nearly 65M plan members, and expanding specialty pharmacy services, CVS Health enables people, businesses and communities to manage health in more affordable, effective ways.

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