Listen to the article 5 min This audio is auto-generated. Please let us know if you have feedback. By the numbers Q3 sales: $21.35 billion 6.8% increase year-over-year Net income: $4.31 billion Flat year-over-year Medtech sales: $7.46 billion 10% increase year-over-year Orthopaedics restructuring Johnson & Johnson announced it will restructure its orthopedics business, with plans…
DetailsTattered Cover Book Store, one of the countrys largest and best-known independent bookstores, filed for reorganization under Chapter 11 Subchapter V in the U.S. Bankruptcy Court for the District of Colorado yesterday. According to the Denver Post, documents filed in the bankruptcy court show Tattered Cover was more than $660,000 in the red between January…
DetailsCompanies Johnson & Johnson Follow Kenvue Inc Follow Novo Nordisk A/S Follow Oct 17 (Reuters) – Johnson & Johnson (JNJ.N) on Tuesday said it has embarked on a two-year restructuring program for its orthopedic business after third-quarter medical devices sales fell short of Wall Street expectations, reflecting the company’s narrowed focus since spinning off its…
DetailsThe NHS is set to benefit as new levy will raise an estimated 100 million of new funding for research, prevention and treatment of gambling addiction. NHS to become main commissioner of treatment as a result of gambling levy – providing estimated 100 million per year for research, prevention and treatment Government to take action to put…
DetailsOpinion More businesses are looking down the barrel of insolvency, as an economic slowdown crimps sales and squeezes profit margins while borrowing costs soar. Karen MaleyColumnist Oct 17, 2023 5.50pm Companies are collapsing at the fastest clip in years, as soaring interest rates push their borrowing costs sharply higher, while slowing economic activity is causing…
DetailsMercy Health and RIP Medical Debt are pleased to announce a new agreement that will help alleviate $7.22 million worth of medical debt for 4,917 area patients currently experiencing financial obligations related to health care costs. Recipients of debt abolishment for Mercy Health medical services began receiving notification by way of a RIP branded letter…
DetailsA woman from Western Australia’s Wheatbelt region has been charged with misappropriating funds from a small town’s community resource centre. Key points: Former employee Robyn Garratt has been charged with defrauding the York Community Resource Centre The centre went into voluntary administration in July, citing financial troubles The Shire of York seeks to buy the CRC from creditors…
DetailsRite Aid has filed for bankruptcy protection under a voluntary court-supervised process through Chapter 11 of the US Bankruptcy Code. The company said it intends to restructure and reduce debt caused by opioid-related lawsuits.1 The Rite Aid Corporation announced that retail Rite Aid shops will continue to fill prescriptions and serve patients in store and…
DetailsCheck out what’s clicking on FoxBusiness.com Rite Aid Corp. filed for Chapter 11 bankruptcy on Sunday in a financial restructuring effort that included the naming of new leadership as the drug retailer faces lawsuits on accusations of contributing to the opioid crisis. The company said in a news release it initiated a voluntary court-supervised bankruptcy…
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