Island Lake Business
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Allstate dumps munis as local governments run budget deficitsNov 04, 2009 10:00 pm - Allstate Corp., the largest publicly traded U.S. home and auto insurer, is paring its municipal-bond holdings because state and local governments are "not in great shape...
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CVS Caremark 3Q profit jumps 39 percentNov 04, 2009 10:00 pm - NEW YORK -- CVS Caremark Corp. said Thursday its third-quarter profit jumped 39 percent, but shares plunged after the company said its struggling Caremark pharmacy benef...
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Judge upholds Abbott's $1.67 billion patent suit loss to J&JNov 04, 2009 10:00 pm - Abbott Laboratories failed to convince a federal judge to throw out a record $1.67 billion verdict won by Johnson & Johnson's Centocor unit in a suit over an arthritis d...
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Agrium raises offer for Deerfield fertilizer maker CFNov 04, 2009 10:00 pm - Agrium Inc. raised its takeover offer for rival fertilizer maker CF Industries Holdings Inc. to about $4.52 billion, four days after CF sweetened its own unsolicited bid...
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Takeda expands operationsNov 03, 2009 10:00 pm - Deerfield-based Takeda Pharmaceuticals North America Inc., announced the incorporation of Takeda Pharmaceuticals Mexico. This expansion aims to strengthen the company's...
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CF to pay at least 6% on $1.3 billion Terra takeover financing packageNov 03, 2009 10:00 pm - Deerfield-based CF Industries Holdings Inc. will pay at least 6 percent in interest on the $1.3 billion bank facility it has arranged to finance its hostile takeover of ...
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Kraft cuts sales forecast, reaffirms Cadbury interestNov 03, 2009 10:00 pm - Kraft Foods Inc., the maker of Oreo cookies and shredded cheese, lowered its annual sales forecast and said it will remain disciplined in pursuing an acquisition of U.K....
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Bankrupt Neumann Homes sues towns to return impact feesNov 02, 2009 10:00 pm - Neumann Homes Inc., which had been one of the 10 largest homebuilders in the Chicago area before filing bankruptcy last year, has sued more than two dozen municipal gove...
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Walgreens sees sales increase of nearly 5 percentNov 02, 2009 10:00 pm - Walgreens reported October sales increased nearly 5 percent at stores open at least a year. Looking at all its stores, the Deerfield company reported overall sales of $...
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Study: Abbott's Niaspan reduces arteries' plaque buildupNov 01, 2009 10:00 pm - Combining Abbott Laboratories' cholesterol pill Niaspan with an older medicine, called a statin, reduced plaque buildup more than the statin alone, a study found. Patien...