LabCorp slides after cutting 2009 forecasts
Shares of Laboratory Corp of America Holdings slid yesterday, January 6, after the clinical lab services company cut its 2009 profit and revenue estimates due to worsening economic conditions.
Cigna to cut 1,100 jobs, citing weak economy
Health insurer Cigna Corp said on Monday it will cut 1,100 jobs, or about 4 percent of its workforce, and consolidate certain operations as it copes with the economic downturn.
Pfizer eyes merger deal
Reports suggest that Pfizer, the world’s biggest pharmaceutical group, is considering acquiring a large rival drugs company to improve its financial health.