Year: 2019

Pharmaceutical supplier Fagron Holding USA LLC will pay $22.5 million to resolve allegations that its subsidiaries inflated average wholesale prices for compound drug ingredients and submitted fraudulent claims to federal healthcare programs, the U.S. Department of Justice said on Thursday. The settlement will resolve legal actions filed against Fagron units Freedom Pharmaceuticals, B&B pharmaceuticals and Pharmacy Services Inc, the department said in a statement. Fagron Holding is owned by Belgium’s Fagron NV. …read more […]

Anthem tops the list Continue reading… …read more […]

Facebook said on Thursday that a doctored video shared by Britain’s governing Conservatives would not have broken its rules on political advertising if it had run as a paid-for ad, and suggested the video had enriched public debate. As Britain heads towards a Dec. 12 election that could shape the fate of Brexit, some politicians have expressed concerns that misleading information – known as “fake news” – could spread swiftly across social media. British Prime Minister Boris Johnson’s party chairman was forced to defend the distribution of a doctored video clip of a rival Labour Party politician on …read more […]

A 401(k) is an employer-sponsored retirement plan. Its name comes from Section 401(k) in the Revenue Act of 1978. This allows employers to offer tax-advantaged savings accounts to employees. Employees can set up contributions from their paycheck, and most employers offer contribution matching up to a certain amount.
As money piles up in a 401(k), you can start putting it to work for you. The 401(k) plan providers offer different investment options. And the sooner you start investing, the more money you’ll have in the future. So, let’s look at some common 401(k) questions…

401(k) Employee Contribution Limits for 2019
If you have …read more […]

Roku Inc’s stock tumbled 11% on Thursday after the video streaming company gave a quarterly report that Wall Street deemed not good enough to justify its sky-high valuation. Shares of the San Jose, California company, which reported a wider loss for the September quarter, are valued at an elevated 11 times revenue expected over the next 12 months, compared to a multiple of about 5 for streaming heavyweight Netflix, according to Refinitiv. Roku reported a September-quarter net loss and revenue that were better than analysts on average expected, according to Refinitiv. …read more […]

JERUSALEM/NEW YORK (Reuters) – Teva Pharmaceutical Industries Ltd on Thursday expressed confidence in its ability to continue paying down its huge debt burden even if it is forced to pay billions of dollars to settle thousands of U.S. opioid lawsuits. Attorneys general of four U.S. states had agreed on a proposed settlement under which Israel-based Teva would provide $23 billion (£17.94 billion) worth of generic Suboxone and pay $250 million in cash over 10 years. Reuters reported that the generic Subaxone that Teva plans to give away as part of its settlement will likely cost the company …read more […]

Economic uncertainty has held back value stocks, but fund manager Heather McPherson of T. Rowe Price Group Inc sees plenty of opportunity to scoop up undervalued shares, including in the financial and utilities sectors. Among her picks are American International Group Inc , Wells Fargo & Co and CenterPoint Energy Inc , she said on Thursday at the Reuters Global Investment Outlook 2020 Summit in New York. Shares of AIG, along with other property and casualty insurance companies, are poised to rise as concerns related to climate change and litigation drive up pricing, McPherson said. …read more […]