Stories by Tom Murphy

Thursday, April 16, 2015

UnitedHealth hikes forecast, shares edge to new heights

UnitedHealth off to a roaring start in 2015 as insurance and pharmacy businesses boom.
By Tom Murphy

Thursday, April 9, 2015

Walgreens aims to close about 200 US stores

Walgreens will shutter about 200 U.S. stores as part of an expanded cost reduction push, but the nation’s largest drugstore chain has no plans to shrink in the wake of its combination with ...
By Tom Murphy

Monday, March 30, 2015

UnitedHealth to buy pharmacy benefits manager Catamaran

UnitedHealth, will muscle up for its fight against rising prescription drug costs by spending more than $12 billion to buy pharmacy benefits manager Catamaran Corp.
By Tom Murphy

Thursday, March 5, 2015

AbbVie to buy leukemia drugmaker Pharmacyclics for $21B

AbbVie will spend about $21 billion to buy fellow drugmaker Pharmacyclics in a bid to add another major revenue producer to a product portfolio that already includes the world’s top-selling drug, ...
By Tom Murphy

Sunday, March 1, 2015

Staying on top of costs for medical care crucial

The clock on insurance deductibles reset Jan. 1, and that means big medical bills are in store for some. Patients could be required to pay thousands of dollars before their health care coverage ...
By Tom Murphy

Thursday, Feb. 5, 2015

Health insurance giant's database hacked

INDIANAPOLIS - Hackers broke into a health insurance database storing information for about 80 million people in an attack bound to stoke fears many Americans have.
By Tom Murphy

Tuesday, Feb. 3, 2015

Aetna 4Q profit drops but meets forecasts, guidance climbs

Aetna’s fourth-quarter earnings slid 37 percent as the health insurer spent more to grow its business, but its performance matched expectations and the company raised its forecast for the year.
By Tom Murphy

Sunday, Feb. 1, 2015

Union asks refinery workers to strike as talks hit impasse

The United Steelworkers Union called for its refinery workers to stage their largest walkout in more than 30 years Sunday, saying its negotiations with Shell Oil Co. had broken down less than two ...
By Tom Murphy

Tuesday, Jan. 27, 2015

P&G fiscal 2Q earnings drop, hurt by exchange rates

Procter & Gamble's second-quarter earnings sank 31 percent as the strong U.S. dollar cut into the performance of the world's largest consumer products maker.
By Tom Murphy

Thursday, Jan. 22, 2015

McDonald's faces employee lawsuit

Some McDonald's workers who say they were fired because of their race are suing the fast-food giant, accusing it of dodging responsibility for the discrimination and harassment they say they endured.
By Tom Murphy

Wednesday, Dec. 17, 2014

FedEx misses Street 2Q forecasts, but profit jumps 23 pct

FedEx 2Q profit jumps 23 percent, but performance misses expectations.
By Tom Murphy

Tuesday, Nov. 25, 2014

Home Depot faces dozens of breach-related lawsuits

Retailer Home Depot faces dozens of lawsuits over data breach that hit debit and credit cards.
By Tom Murphy

Friday, Oct. 3, 2014

Businesses with name 'Isis' fight bad brand image

Aeran Brent is tired of visitors asking about her store’s name. Unfortunately, that’s life for a small business owner whose shop — Isis Bridal and Formal — shares a name with ISIS, the ...
By Tom Murphy

Sunday, Sept. 21, 2014

Drugstores, retailers dive deeper into vaccines

The nation's biggest drugstores and other retailers are grabbing larger chunks of the immunization market, giving customers more convenient options outside the doctor's office.
By Tom Murphy

Wednesday, Sept. 10, 2014

Dollar General goes hostile in bid for rival

Dollar General is going hostile with its $9.1 billion bid for Family Dollar after its rival repeatedly rejected previous offers.
By Tom Murphy

Wednesday, Sept. 3, 2014

CVS changes name, stops tobacco sales early

As CVS sharpens its focus on customer health, the nation's second-largest drugstore chain will tweak its corporate name and stop the sale of tobacco nearly a month sooner than planned.
By Tom Murphy

Wednesday, Aug 6, 2014

Walgreen won't pursue overseas tax relief

Walgreen, the nation's biggest drugstore chain, said Wednesday that it would no longer consider a so-called inversion, which has become popular among large, multi-national health care companies ...
By Tom Murphy

Monday, July 14, 2014

Overseas deals trim tax bills

A growing number of U.S. companies are looking to trim their tax bills by combining operations with foreign businesses,a trend that may cost the government billions in revenue.
By Tom Murphy

Friday, March 14, 2014

Deadline for health care overhaul is coming

Uninsured Americans face an important deadline at the end of this month, and many don't realize it.
By Tom Murphy

Thursday, Nov. 14, 2013

What to know about Medicare cuts

Health insurers say federal funding cuts to privately run versions of Medicare will force them to whack plan benefits and increase premiums.
By Tom Murphy
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