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CVS Caremark's quarterly profit rises 6 percent
CVS Caremark's fourth-quarter earnings climbed 6 percent, as new customers and Medicare prescription drug plans helped its pharmacy benefits management business, and revenue from the chain's established drugstores grew.Industry Changes Mean FTC Likely to Greenlight Rite Aid Acquisition
Rite Aid announced last week that it is buying nearly 2,000 drugstores along the East Coast and Mid-Atlantic region. While the move is likely to be reviewed by regulators at the Federal Trade Commission, the deal is unlikely to suffer the same fate of a Rite Aid deal that was blocked a decade ago due to antitrust concerns. The difference is that there have been dramatic changes in the pharmacy industry during the past decade, with many different types of retailers now offering pharmacy services.Alabama AG blocking DA suits against pharmacies
MONTGOMERY, Ala. AP - Alabama Attorney General Troy King asked judges in five counties Thursday to throw out what he called "meritless" suits filed by county district attorneys against pharmacy chains over the issuance of generic drugs.One district attorney said King was favoring big business over individual consumers and it could hurt him in next year's re-election race.Opinions Approved for Publication
Federal and state court opinions approved for publication.Realty Income to buy American Realty for $1.9 billion
Realty Income Corp. agreed to buy American Realty Capital Trust Inc. for $1.9 billion in stock to become less dependent on retail properties and increase its revenue from investment-grade tenants.Walgreens affirms birth control policy
Walgreens won't allow individual pharmacists' personal religious beliefs to prevent customers from filling birth control prescriptions, two New Mexico advocacy groups have announced.A Buyer's Guide to Law Firm Software
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