HEALTHCARE

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J&J to cut 7,000 to 8,000 jobs

Johnson & Johnson will eliminate about 6 percent to 7 percent of its global workforce, or some 7,000 to 8,000 positions, as the diversified healthcare company restructures and seeks cost savings, the company said on Tuesday.

J&J to cut 6-7 percent of workforce in restructuring

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Johnson & Johnson will eliminate about 6 percent to 7 percent of its global workforce, or some 7,000 to 8,000 positions, as the diversified healthcare company restructures and seeks cost savings, the company said on Tuesday.
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House takes another step on healthcare reform

Democrats in the U.S. House of Representatives unveiled a sweeping healthcare overhaul on Thursday that would transform the insurance market, create a government-run insurance plan and levy new taxes on the rich.
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Senate healthcare bill draws skeptics, opponents

A healthcare reform bill with a government-run insurance option faced an uncertain future in the Senate on Tuesday, with many centrist Democrats uncommitted and Senator Joe Lieberman strongly opposed.
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Reid says healthcare bill to include public option

Senate Democratic leader Harry Reid said on Monday the Senate's sweeping healthcare reform bill would include a government-run insurance plan that lets states opt out of participation if they choose.
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Healthcare system wastes up to $800 billion a year

The U.S. healthcare system is just as wasteful as President Barack Obama says it is, and proposed reforms could be paid for by fixing some of the most obvious inefficiencies, preventing mistakes and fighting fraud, according to a Thomson Reuters report released on Monday.
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Companies reap the swine flu windfall

Healthcare companies are reaping the benefits of a global swine flu pandemic, brightening what might otherwise have been a dismal third quarter and bringing new focus on the market for vaccines.
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Health reform a slow moving freight train

Health reform negotiations have moved behind closed doors in Congress, but chances are high that a bill will pass this year -- even if it doesn't do all that much to revamp the nation's swelling $2.5 trillion health care system.
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House healthcare bill under $900 billion: Pelosi

House of Representatives Speaker Nancy Pelosi said on Tuesday new estimates showed a healthcare overhaul drafted by Democrats would reduce the U.S. budget deficit over 10 years and cost less than $900 billion.
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Corinthian to buy Heald Capital for $395 mln

Education provider Corinthian Colleges Inc said it agreed to acquire Heald Capital, the parent company of Heald Colleges, in a cash deal valued at about $395 million, including debt.
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Boston Scientific cuts profit outlook, shares slide

Boston Scientific Corp on Monday reported a quarterly net profit, compared with a year-ago loss, but cut its full-year earnings outlook, citing weakness in the market for implantable heart defibrillators.
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Senate Democrats open healthcare talks

Democrats opened difficult talks on healthcare reform in the U.S. Senate Wednesday, promising to bridge party divisions on a government-run insurance plan and paying for the overhaul.
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Abbott profit up on Humira demand, special gain

Abbott Laboratories Inc said its third-quarter profit rose 37 percent on strong demand for its Humira arthritis drug and nutritional products, as well as gains from a settlement with Medtronic Inc.
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Senate panel backs healthcare reform

A key U.S. Senate committee endorsed a sweeping healthcare overhaul on Tuesday, gaining the support of an influential Republican and delivering President Barack Obama a victory on his top domestic priority.
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Senate panel endorses healthcare overhaul

A key U.S. Senate committee endorsed a sweeping healthcare overhaul on Tuesday, gaining the support of an influential Republican and delivering President Barack Obama a victory on his top domestic priority.
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Dow and S&P fall; Cisco lifts Nasdaq

The Dow and S&P 500 fell on Tuesday after Johnson & Johnson reported disappointing third-quarter sales, while the Nasdaq edged up after Cisco Systems Inc announced a large acquisition.
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J&J quarterly sales miss estimates

Johnson & Johnson posted weaker-than-expected quarterly revenue on Tuesday as sales of prescription drugs and heart stents disappointed, sending its shares down 2.5 percent.
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Healthcare overhaul poised for big step forward

U.S. President Barack Obama's push for sweeping healthcare reform was poised to clear a key Senate hurdle on Tuesday, opening a new phase in the raging debate over his top domestic priority.

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