WILMINGTON, Del. - Stryker Corp. , a maker of artificial knees and hips, was sued by consumers over claims its pain pumps for delivering medicine after surgeries cause arthritis. (Boston Globe, 7/3/09)
HealthSouth Corp. is accusing fired chief executive Richard Scrushy of hiding money in offshore bank accounts and transferring assets out of his name to avoid paying court judgments. (AP, 7/3/09)
LONDON - Johnson & Johnson agreed to pay $1 billion for a stake in Elan Corp. and will develop the Irish drug maker’s medicines against Alzheimer’s disease. (Boston Globe, 7/3/09)
Employers cut a larger-than-expected 467,000 jobs in June and the unemployment rate climbed to a 26-year high of 9.5 percent. Workers also saw weekly wages fall, suggesting Americans will have little appetite to spend and the economy's road to recovery will be bumpy. (AP, 7/2/09)
GlaxoSmithKline PLC said Thursday it bought Bristol-Myers Squibb Co.'s branded generic business in Lebanon, Jordan, Syria, Libya and Yemen for about $23.2 million in cash. (AP, 7/2/09)