The Tally Column
Government: 3 Pharmaceutical Firms Settle
WASHINGTON - Three pharmaceutical manufacturers have agreed to pay $421 million to settle allegations that the companies reported inflated prices for numerous products, the Justice Department announced.
The government says the companies knew that federal health care programs relied on the inflated prices to set payment rates.
The three companies involved in the settlement are Abbott Laboratories Inc., B. Braun Medical Inc. and Roxane Laboratories Inc.
Caterpillar: Korean Trade Deal Will Mean Illinois Jobs
PEORIA, Ill. - Caterpillar Inc. officials believe the United States' potential new trade deal with South Korea will mean new jobs at its manufacturing sites in central Illinois.
Caterpillar spokeswoman Bridget Young told the (Peoria) Journal Star that previous trade deals with Chile and Australia have helped the heavy-equipment maker add jobs in the region. Caterpillar is based in Peoria. She didn't mention any specific plans by the company, though.
The trade deal was signed off on in 2007 but has since been reworked. It still needs the approval of Congress.
Associated Press
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