CALIFORNIA | LOCAL
April 3, 2003
Federal prosecutors said Wednesday that they obtained a judgment -- thought to be the first of its kind in the nation -- against a Stockton convenience store that bought extraordinary amounts of decongestant that could be used to manufacture methamphetamine. The government sued the market and owner Dien Jim Nguyen, 42, settling the case for $50,000 and a lifetime injunction against his sale of the decongestant or any other drug that could be used to make methamphetamine.
April 23, 2004 |
Amgen Inc.'s first-quarter profit rose 40% on higher sales of drugs for anemia, rheumatoid arthritis and chemotherapy-related infections. The Thousand Oaks biotechnology company said net income grew to $690.2 million, or 52 cents a share, from $493.3 million, or 37 cents, in the same quarter last year. Revenue climbed 33% to $2.34 billion from $1.76 billion a year earlier. Excluding charges related to its 2002 purchase of Immunex Corp., Amgen had adjusted earnings of $752.3 million, or 57 cents.
June 4, 1991
A University of Virginia student was sentenced to 13 months in prison Monday for selling drugs in one of three fraternity houses seized by federal authorities during a high-profile attack on middle-class drug dealing. Ernest Brown Pryor, 19, pleaded guilty to two counts of drug distribution near a school. Assistant U.S. Atty.
May 31, 2001 |
Roche Holding said it plans to eliminate about 3,000 jobs over the next two to three years, including about 1,100 in the U.S., in an effort to boost profit in its pharmaceuticals unit. The job cuts represent 4.6% of the Swiss company's total work force and 7.3% of the employees in its drug division. Most of the job cuts will come in manufacturing and no cutbacks in research spending are planned, Roche said. About 900 positions that report to Roche's U.S. headquarters in Nutley, N.J.
July 20, 1989 |
Anaheim police today announced the arrests of 105 people after a three-month undercover operation that targeted drug dealers in three neighborhoods near Disneyland. Since early May, undercover officers have purchased $50,000 worth of cocaine and heroin, Police Chief Joseph P. Molloy said in a news release. Police arrested 75 people on suspicion of selling narcotics and 30 people on suspicion of having narcotics for sale. Bail for each has been set at $25,000.
August 5, 2004 |
CVS Corp., the No. 2 U.S. drugstore chain by revenue, said second-quarter profit rose 17% as sales of prescription drugs and photo processing increased. Net income climbed to $234.5 million, or 56 cents a share, from $199.8 million, or 49 cents, a year earlier, the Woonsocket, R.I.-based company said. Per-share amounts reflect the payment of preferred dividends. Sales in the period ended July 3 rose 7.7% to $6.94 billion. Shares of CVS fell 56 cents to $41.21 on the NYSE.