More Migraines At Baxter
The aches and pains at Baxter International won't go away, and some big investors are eager for a cure. In March, Baxter admitted violating a U.S. law prohibiting support of the Arab boycott of Israel. Now, the Veterans Affairs Dept. has suspended Baxter from bidding on federal contracts for a year. The VA's beef: Baxter salespeople allegedly misled VA hospitals from 1990 to 1992. Baxter says it thought the purchasing complaint was resolved two years ago and will fight the suspension. Meanwhile, the California Public Employees' Retirement System and other big shareholders are questioning Baxter's management controls.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Fewest Jobless Claims Since 1973 Show Firm U.S. Job Market
- U.S. Stocks Climb With Treasuries as Dollar Slides: Markets Wrap
- Greenwich Mansion Listings Pulled to Wait for a Better Day
- The U.K.'s $86 Billion Pension Problem Is About to Solve Itself
- Smartphones Are Killing Americans, But Nobody’s Counting