Cardinal Health reports42% drop in profits
COLUMBUS -- Medical supplier Cardinal Health Inc. reported a 42 percent drop in second-quarter profit Friday, reduced its expectations for the year and said several employees have been disciplined after an internal accounting review.
Cardinal's controller resigned and other employees were fired or quit after the review, the company said Friday.
Company spokesman Jim Mazzola would not comment on the reason for controller's Gary Jensen resignation other than to say it was tied to the audit over the company's accounting practices, including how it classifies revenue from its pharmaceutical distribution business.
The company, which has been the subject of a federal investigation over the accounting issue, would not say how many other employees were disciplined. Action ranged from terminations to the repayment of bonuses.
O'Hare Airport rankslowest in being on time
CHICAGO -- O'Hare Airport finished dead last among the nation's 31 busiest airports for on-time departures and arrivals last year.
The U.S. Department of Transportation released Thursday its airport statistics for 2004. A record 30 percent of flights through O'Hare arrived late, and only 73 percent departed on time. The previous year, O'Hare was next to last, just ahead of Newark Liberty International Airport in New Jersey.
Denver International Airport was first in on-time arrivals, with 83 percent of flights arriving on schedule, while Houston's Bush Intercontinental Airport was No. 1 for on-time departures at 87 percent.
BF Goodrich recallsLand Terrain tires
OPELIKA, Ala. -- BFGoodrich is recalling 20,000 Land Terrain tires sold in the United States and Canada because they do not have the required tread wear indicators.
The tires were produced between Feb. 29 and Aug. 19, 2004, at the company's plant in Opelika, the company said in a statement Friday. The size is P235/75R15, and the mold numbers are 40381 and 40382.
The recalled tires have U.S. Department of Transportation tire identification numbers that begin with DOT AN HL B411 and end with the last four digits 0904 through 3304. The DOT code is on the inner sidewall of the tire just above the wheel rim.
BFGoodrich will mail notices to consumers who bought the tires and will replace them for free.
From Vindicator wire reports