Cardinal Health News

Avnet, Inc. today announced that R. Kerry Clark, retired chairman and chief executive officer of Cardinal Health, has been appointed to the company's board of directors.

Feb 10 - Standard & Poor's Ratings Services said today that its ratings on Ohio-based health care distributor Cardinal Health Inc.

The healthcare industry has long been an option both for patients to get healthy and for investors to increase the worth of their portfolios.

Time Warner Incorporated announced its quarterly dividend of 26 cents per share, an increase of about 11% over its prior dividend in November of 23.5 cents.

DUBLIN, Ohio &#8212 Health care products distributor Cardinal Health Inc. said Wednesday its board approved a regular quarterly dividend of 21.5 cents per share, the same amount it also approved in November.

Cardinal Health was granted a temporary restraining order Friday against the Drug Enforcement Administration's suspension order of its Lakeland, Fla., distribution center.

Agents from the U.S. Drug Enforcement Administration raided two CVS pharmacies in Florida as part of an effort to curb the abuse of prescription painkillers and other potentially addictive substances.

DUBLIN, Ohio, Feb. 3, 2012 /PRNewswire/ -- Today Cardinal Health was granted a temporary restraining order against the Drug Enforcement Administration's immediate suspension order of its Lakeland, Fla.

Rainbow Biosciences, the biotech division of Rainbow Coral Corp. , announced today that it's on the cusp of a major breakthrough in its business relationship with n3D Biosciences.

Federal authorities on Friday suspended a major health care company's license to sell powerful prescription pain killers and other drugs from its Florida facility after linking it to unusually high shipments of the controlled drugs to four pharmacies.

Following a new closing high for the Dow Industrial Average , companies like AIG, Micron Technology and Cardinal Health are seeing weekend news reported.

The raids are related to the DEA's effort to suspend a drug distributors license to dispense controlled substances, officials said.

HOTBEDS Regional News US & Canada Biotech Bay Biotech Beach Genetown Pharm Country BioCapital BioMidwest Bio NC BioForest Southern Pharm BioCanada East US Device Europe Asia February 3, 2012 -- Cardinal Health, the US-based drug distributor, plans to make $90 million in China acquisitions to bolster its geographic coverage in mainland China.

The company has scheduled a conference call for its investors at 12 Noon Eastern to discuss its position.

The Dublin-based company wants to have 10 distribution centers and cover 250 million people in China by the end of its third quarter, which is under way, MedCity News reports.

Leading distributor of pharmaceuticals and medical supplies Cardinal Health posted second-quarter fiscal 2012 adjusted earnings per share from continuing operations of 81 cents, surpassing the Zacks Consensus Estimate of 76 cents and the year-ago earnings of 73 cents per share.

S&P 500 component Cardinal Health Inc. reported net income above Wall Street's expectations for the second quarter.

Among the stocks that could see active trade in Thursday's session are Green Mountain Coffee Roasters Inc., RailAmerica Inc.

McKesson Corporation reported its results for the third quarter. Net income for McKesson Corporation rose to $300 million vs.

Military meds are big business. In March 2010 the US DLA's Defense Supply Center Philadelphia awarded 2 contracts worth up to $807.1 million to Cardinal Health in Dublin, OH, for drug distribution to US military medical facilities.