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Patients sue maker of medication pumps

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 accuses Scrushy of hiding assets

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)

J&J to buy $1b stake in drug maker Elan

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)

Business Highlights

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 buys products from Bristol-Myers

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)