Peter Frost

Abbott Laboratories announced Wednesday that it is cutting 700 jobs in the United States and Puerto Rico as part of a restructuring effort in two of its manufacturing operations. The...

Abbott Laboratories announced Wednesday that it is cutting 700 jobs in the United States and Puerto Rico as part of a restructuring effort in two of its manufacturing operations. The...

United Security Life and Health Insurance Co. lost money in 2009. The next two years weren't much better. So when it came time for the small Bedford Park-based insurer to...

When Raj Rai agreed to take the top job at Akorn Inc. on an interim basis in 2009, he didn't know whether the flagging pharmaceutical firm was worth saving. Stock...

Walgreen Co. executives said Wednesday that negotiations between it and one of its largest customers are dead. The Deerfield-based drugstore chain cut ties with Express Scripts Inc., a pharmacy benefits...

Sushi? Manicure? A $2,000 bottle of cognac? Walgreens? Yes, Walgreens. Seeking to shake free from the sterile, big-box mold of being a national drugstore chain, Deerfield-based Walgreen Co. hopes to...

As the clock ticked down on the pending divorce of Walgreen Co. and one of its largest customers, rivals of the drugstore giant raced to woo millions of soon-to-be-displaced consumers...

Baxter International Inc. on Wednesday urged its shareholders to reject an unsolicited "mini tender" offer made by TRC Capital Corp. to purchase up to 2 million shares of Baxter's common...