Prescription drug heists rise in the United States
The $75 million Eli Lilly warehouse theft in Connecticut tops a surge in prescription drug thefts. Industry and law enforcement estimate pharmaceutical heists have quadrupled since 2006, driven by weak security and high drug prices. Stolen pills like Prozac and Cymbalta have turned up on shelves with fake labels.
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FreightWatch International
Nummi plant to shut down in Fremont action likely ratified
United Auto Workers says Fremont California’s Nummi plant will close April 1 after workers vote on a deal offering a minimum payout of 21 175 per worker. The 4600 employees face the plant’s end amid forthcoming closure. Kraft Foods to cut salt in North American products by about 10 percent over two years affecting Oscar Mayer Bologna Easy Mac Cups and Velveeta among others.
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United Airlines projects revenue rise in Q1
United Airlines disclosed in an SEC filing that consolidated passenger unit revenue per available seat mile is expected to be between 11.44 and 11.54 cents, a 16 to 17 percent increase from a year earlier, signaling higher quarterly revenue.
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Ford shares climb to five year high on debt upgrade
Ford Motor Co shares rose to a five year high after Moody's Investors Service upgraded Ford and Ford Motor Credit Co debt. The Dearborn firm traded around 14.1 dollars, up four percent, helped by improving quality rankings and avoidance of government aid unlike rival General Motors and Chrysler.
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