Gambro to Pay $350 Million to Settle Medicare Case
Gambro Healthcare U S, the nation’s third largest dialysis operator, will pay 350 million dollars to resolve civil and criminal Medicare fraud charges. The agreement follows a 2001 whistleblower suit by Dr. Steven Bander and a federal investigation into kickbacks, sham billing, and inflated charges. U S Attorney James Martin described the settlement as among the department’s largest.
MENTIONED IN THIS ARTICLE
ST. Louis
Medicare
U.S
Gambro Healthcare
Justice Department
Steven Bander
Gambro
James Martin
Crude Oil Falls Near 43 After Market Selloff
New York prices for January crude oil dropped 2.24 to settle at 43.25 a barrel, the lowest front month settlement since September, as across the board inventory builds and bend in heating oil stocks spurred ongoing selling. The Energy Information Administration reported a smaller natural gas draw for the week and revised prior data, easing winter concerns.
MENTIONED IN THIS ARTICLE
New York
Energy Information Administration
New York Mercantile Exchange
Dell lands 700 million Philips contract for global services
Dell Inc. wins a 700 million five year contract to provide desktop and notebook computers and services for Royal Philips Electronics. The deal covers 75,000 workstations in 60 countries as Dell expands its managed services. Dell competes with IBM HP and Accenture in the bid.
MENTIONED IN THIS ARTICLE
Dallas
Dell Inc
Royal Philips Electronics
Dell
Gary J. Cotshott
Round Rock
Texas
IBM
Accenture Ltd
Honeywell International Inc
Rex Stores upbeat on future despite flat quarter results
Dayton based REX Stores Corp reports third quarter ended Oct 31 with net income 3.4 million or 27 cents per diluted share down from 4.1 million year ago. Comparable store sales up 1 percent as plasma and LCD TV demand rises while conventional TVs lag. CEO Stuart Rose cites synthetic fuel business as cash flow boost enabling debt reduction and real estate gains.
MENTIONED IN THIS ARTICLE
Dayton — Rex Stores Corp
Stuart Rose
Rose
REX
REX Stores
NYSE
RSC
New electronics top fashion wish lists at major stores
NYC shoppers see electronics eclipse fur coats as must haves this season. Marshall Field's Macy's and Bloomingdale's stock $299 iPod players $700 pink cell phones and $300 digital cameras while May Department Stores triples electronics at Field's Hecht's and Robinson-May. Macy's adds a Sharper Image outlet and pocket color TVs amid higher offerings.
MENTIONED IN THIS ARTICLE
New York
Marshall Field’s
Macy’s
Bloomingdale’s
Wendy Liebmann
WSL Strategic Retail
Electronics rise as top gift category in holiday plans
Shoppers plan to buy electronics more this year, with 42 percent of consumers in a survey by NPD Group saying electronics will be gifts. Apparel remains popular but fewer plan purchases than last year, while jewelry sits lower in intentions. The trend shows department stores partnering with gadget brands to lure male shoppers using exclusive items and fashion twists on devices.
MENTIONED IN THIS ARTICLE
Ben Margots
Associated Press
Oliver Kettner
Deborah Kettner
Apple
San Francisco
Best Buy Co. Inc
Kathy Posner
Chi
Cago
NPD Group
Port Washington
Best Buy
Wal Mart
Tony Romando
Sync Magazine
Bloomingdale’s
Baby Phat
Kimora Lee Simmons
SEC files fraud charges against ex Kmart execs
Federal regulators allege three former Kmart executives and five vendor managers orchestrated a 24 million dollar accounting fraud in 2000 2001 by improperly booking vendor payments from Eastman Kodak Coca Cola Enterprises and PepsiCo Frito Lay. Five executives settled with civil fines totaling 160000 and a former Kmart vice president faces a five year ban from serving as an officer or director of a public company.
MENTIONED IN THIS ARTICLE
Washington
Kmart Corp
Securities and Exchange Commission
Kmart
vendor + Eastman Kodak Co
Coca Cola Enterprises Inc
PepsiCo Inc
Frito-Lay
SEC
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Bi Standard
Philips
Dayton
Con
Oeara
NPD
Medicnic
Merck
Micront
ABB Ltd
AMR MorgStan
Motorola
At&t
NatSemis
AbtLab
Newmtm
AK Steel
AberFite
Newscpa
Jpmorgan Chase
AMD
NobleCorp
Cincinnati Bel
Nokia Cp
Cinergy
Albertsn
Nordstr
Convergys Corp
Albertsn UN
NorteiNif
OPAL
Alcoa
Nucor
Altria
OMI Cp
General Motors
Aeqiivif
Owens
Peabdge
Kroger
Material Sciences
Anadrk
AmerisBrg
Penney
Meadwestvace
PepsiCo
NCR
AnalogDev
Pfizer
P&g
AnnTagirs
Pheipd
Pactiv
Avaya
Procto S
Temple-inland
Avons
Qwestem
Wausau-Mosinee
BJ Sve
RadioShk
Worthington
Bjs Whis
Roy Dut
Xerox Corp
BP PLC
SBC Com
BakrHu
Safeway
BkofAms
Stiudes
BellSouth
First Financial
Schimb
Schergp
Smurfit-Stone
Oak Hill
Schwab
Ohio Casualty
Boston Sci
Seagatet
al BrMySq
A Sears
BuriRses
Calpine
Selectra
Cendant
SwstAirs
ChesEng
Spratfon
ChevTex S
ST Goldn
Citigro
TXU Corp
ClearChan
TaiwSemi
CocaCol
Coeur
ConoePhil
Teradyn - CtiAir B
Texinst
Corning
Toyra
Delta Air
Directv
Disney
DowChm
DuPont
DukeEgg
Dynegy
MC Cp
el Paso Cp
Elan
Emulex
al Ensco
ExxonMb
Fordm
ForestLab
Freescb Wi
Genentch S
GenElec
GnMetr
Gillette
Globalsfe
Goldmans
Hallibin
Harmonyg Lle
Hewlett P
Hilton
HomeDp
HostMarr
Jpmorgch
Jonnin
Kohis
LS Log
Il Libtyma
Lowes Cos
Lucent
Lyondel
MBNA
MasseyEn
Debtfreeohio
Richard West
Ater
Middletown Journal
MiddletownJournal.com
ex-Kmart
THE
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