Kellogg to transition to new CEO
At the start of next year, Kellogg Co. is slated to usher in a new chief executive officer. The food company said David Mackay plans to retire as president, chief executive officer and director effective Jan. 1.
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Caraco receives proposal to go private
Caraco Pharmaceutical Laboratories Ltd. has received a buyout proposal from Sun Pharmaceutical Industries Ltd. and Sun Pharma Global Inc.
Sara Lee closes sale of businesses to Unilever
Sara Lee Corp. has completed the sale of its global body care and European detergents businesses to Unilever for 1.21 billion euro ($1.6 billion U.S.).
Cardinal, Walgreens renew distribution pact
Cardinal Health Inc. has renewed its distribution agreement with Walgreen Co. to supply pharmaceuticals to the drug store chain’s national network of retail pharmacies. The health care distributor said Tuesday that the new pact with Walgreens, which extends into 2013, was renewed early.
Jennifer Lopez becomes L’Oreal brand ambassador
Actress and singer Jennifer Lopez has been named as a global brand ambassador by L’Oreal Paris.
Pfizer’s Kindler retires, new CEO elected
Pfizer Inc. said president and chief executive officer Jeffrey Kindler has retired and Ian Read has been elected by the board to lead the company. Kindler also served as chairman.
Lance, Snyder’s of Hanover finalize merger
Snack makers Lance Inc. and Snyder’s of Hanover Inc. have completed their merger. The deal announced in late July, which the companies said was a stock-for-stock merger of equals, brings together Snyder’s, a global leader in pretzels and a U.S.
Navarro names celebrity spokesman
Television personality and cookbook author Chef Pepin has become the celebrity spokesman for Navarro Discount Pharmacy. The Miami-area drug store chain said Friday that adding Chef Pepin as a celebrity spokesman is part of its overall marketing campaign and expansion strategy.
Gallup poll: Pharmacists rank high in integrity
For the eighth straight year, pharmacists have placed in the top three in Gallup’s Honesty and Ethics survey, which gauges the public’s trust of professionals in a range of disciplines across industries.
Rite Aid supports National Influenza Vaccination Week
Rite Aid Corp. plans to continue offering flu shots at more than 3,000 of its pharmacies in recognition of National Influenza Vaccination Week.
Injunction blocks CVS from hiring ex-Walmart exec
CVS Caremark Corp. has been temporarily blocked from hiring former Walmart executive Hank Mullany as president of CVS/pharmacy.
CVS/pharmacy names former Walmart exec president
CVS Caremark Corp. has named former Walmart executive Hank Mullany president of CVS/pharmacy, but the appointment is being challenged in court.
Fiacco to lead Medicine Shoppe, Medicap
Cardinal Health Inc. has named John Fiacco as vice president of its Medicine Shoppe International (MSI) and Medicap Pharmacy franchise division. The former CVS Caremark executive, who has been with Medicine Shoppe since 2000, is slated to assume his new position on January 1.
Drug chains provide help in sorting out PDPs
As Medicare recipients continue to explore the various prescription drug plans (PDPs) available, community pharmacies across the country are helping beneficiaries understand their options.
Long AMP battle comes to a close
Three years after a federal judge blocked the government from lowering Medicaid pharmacy reimbursement rates, the issue will be officially over this month.
Acquisitions extend reach of Cardinal Health
Cardinal Health Inc. plans to acquire Kinray Inc. for $1.3 billion and has completed a $470 million purchase of Yong Yu, the largest drug importer in China. The Kinray deal will significantly expand the No.