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...nation's second largest drug distributor, Cardinal had lost a third of its value the previous year. The U.S. Drug Enforcement Administration (DEA) had suspended several of the company's licenses. What's more, the firm, based in Dublin, Ohio, was about to spin off its lucrative medical-tech arm, CareFusion, sparking a further double-digit drop in its stock price. In other words, Barrett deadpans, "we had some challenges...
...this renewed vitality should help Cardinal boost the competitive advantages it does have. After the CareFusion spin-off, the company reorganized its retail-franchise model, Medicine Shoppe, and strengthened its nuclear-medicine program. It also continues to leverage its unique $8.2 billion medical-supply arm, under which Cardinal manufactures and delivers equipment like surgical gloves, scrubs and gowns to thousands of hospitals and labs. "If you're already dropping off gloves at a hospital, why not also bring along drugs or radioisotopes?" Deutsche Bank analyst Ross Muken says. "The scalability here is huge...
Last Thursday afternoon, during the ceremonial raising of the national flags at the Vancouver Olympic village, the Mexican national anthem blared over the loudspeaker. Mexico's lone Winter Olympian, alpine skier Hubertus von Hohenlohe, stood at attention, right arm crossing his chest. That's right - Hubertus von Hohenlohe. If you're thinking that name doesn't sound very Mexican, you'd be absolutely correct. In fact, he's a descendant of German royalty, the son of Prince Alfonso Hohenlohe and Princess Ira Fürstenberg. Can't get more Mexican than that...
Fifteen years have passed since the accident at BU. Through physical therapy, Roy has recovered the ability to use his right arm. Yet he hasn’t allowed his disability to impede an active lifestyle. He travels the country as an inspirational speaker, promoting the potential rather than the limitations of life. In 1997, he wrote “Eleven Seconds,” an autobiography that documents his journey from the tragic moment on the ice to his new, very different life as a quadriplegic. That same year, he started a foundation that funds research on treating spinal...
Since then, the company's finances have improved marginally. The record division made nearly $250 million in underlying profit in the fiscal year 2009, while the company's music-publishing arm, which oversees songwriters, generated $208 million. Both profits, though, were wiped out by massive write-downs, which created a largely paper loss of $2.4 billion. "With that level of debt in the business, the reality is that EMI is now almost worthless," says Simon Dyson, editor of the London-based industry newsletter Music & Copyright. (See the 100 best albums of all time...