CALIFORNIA | LOCAL
April 30, 2012 | By Catherine Saillant, Los Angeles Times
Word that Wal-Mart is opening a Neighborhood Market in Panorama City is getting a markedly different reception than the criticism heaped on a similar grocery-only store that the retailing giant plans to open in downtown Los Angeles. Residents of the northeast San Fernando Valley have watched as the recession turned once-thriving commercial hubs into vacant storefronts. The Vannord Center, a 90,000-square-foot-center at the corner of busy Van Nuys Boulevard and Nordhoff Street, has been hit particularly hard with more than half of its 30 tenants closing their doors.
BUSINESS
February 24, 2012 | David Lazarus
The Internet has already changed how people shop for books, music, cars and a host of other consumer goods. Next up: prescription drugs. Or so the founders of a Santa Monica start-up called GoodRx are hoping. "There's no other site like it that we know of," said Scott Marlette, a former Facebook employee who's hoping to hit it big again with his new company. "We wanted to create a product where people can find the best pharmacy to go to. " GoodRx, based in a modest office building shared with other tech and media companies, has already attracted some big-name investors, including former Disney President Michael Ovitz and a handful of heavyweight venture-capital funds.
CALIFORNIA | LOCAL
February 15, 2012 | By Richard Winton and Andrew Blankstein, Los Angeles Times
The investigation into the death of Whitney Houston is shifting to a new phase, with officials focusing on the prescription drugs found in her hotel room and who prescribed them to her. Investigators are expected in the next few days to serve subpoenas on the doctors, as well as the pharmacies where Houston obtained the prescriptions, as they try to determine her cause of death, according to a source with knowledge of the case. Authorities collected several bottles of drugs from Houston's suite at the Beverly Hilton Hotel, where she was found dead Saturday.
BUSINESS
December 17, 2011 | By Stuart Pfeifer, Los Angeles Times
Pharmacy and prescription drug management company CVS Caremark Corp. has agreed to pay nearly $20 million to settle three lawsuits involving allegations that it defrauded pension systems in three states, including California's giant pension fund, attorneys said. The whistle-blower lawsuits, filed by two former CVS Caremark pharmacists, accused the company of reselling returned drugs, changing prescription orders to make them more expensive and submitting false reports about how long it took to fill prescriptions.
BUSINESS
August 25, 2011 | By Shan Li and Tiffany Hsu, Los Angeles Times
Google Inc. has agreed to pay $500 million for carrying advertisements by online Canadian pharmacies targeting consumers in the United States, according to the U.S. Justice Department. The ads resulted in the illegal importation of prescription drugs, the Justice Department said. The $500 million represents the money Google made from selling the drug ads, plus the revenue earned by Canadian pharmacies from sales to American customers. A government investigation found that Google knew as early as 2003 that many online Canadian pharmacies were selling medicine to Americans without valid prescriptions, the Justice Department said.
BUSINESS
August 20, 2011 | By Andrea Chang, Los Angeles Times
CVS Pharmacy has agreed to pay more than $2 million in fines and other costs to settle a consumer protection lawsuit alleging that the drugstore chain overcharged customers for sale items and engaged in misleading advertising. The civil complaint, filed Aug. 11 in Los Angeles County Superior Court, alleged that CVS failed to provide an immediate discount for certain advertised items. An investigation also determined that since 2006, the company routinely charged consumers more for items than the advertised sale price.