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Family Dollar supply chain exec exits company

BY Michael Johnsen

MATTHEWS, N.C. — Family Dollar Stores on Monday announced Charles Gibson, EVP supply chain, will leave the company to pursue other interests effective April 30.

“Charlie has overseen the growth and development of our supply chain network and has been a valued part of our team,” stated Howard Levine, Family Dollar chairman and CEO. “We appreciate the contributions Charlie has made to the company’s success, and we wish him all the best in his future endeavors.”

 Family Dollar reported an earnings increase of 2.7% for its most recent quarter. But profits missed Wall Street estimates. 

"A shift to lower margin items is what drove the slight miss in earnings," wrote Peter Pham in a Fool report published the day before the announcement. "In recent months, Family Dollar started to focus on selling high-turnover merchandise, such as cigarettes and other tobacco products, soft drinks, magazines, gift cards, etc. These items bring shoppers in stores more frequently, but carry lower margins than other merchandise, such as apparel." 

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Aurobindo receives FDA approval for hypertension, antibiotic drugs

BY Alaric DeArment

HYDERABAD — The Food and Drug Administration has approved two generic drugs made by Aurobindo Pharma, the drug maker said.

The company announced Tuesday the approval of quinapril tablets in the 5-mg, 10-mg, 20-mg and 40-mg strengths. The drug is a generic version of Pfizer’s Accupril and is used to treat high blood pressure. Various versions of the drug had sales of about $49 million during the 12-month period ending in September, according to IMS Health.

Last week, the drug maker received approval for cefadroxil for oral suspension in the 250 mg-per-5 mL and 500 mg-per-5 mL strengths. The drug is a generic version of Warner Chilcott’s Duricef and is a cephalosporin antibiotic for treating certain bacterial infections, including urinary tract infections caused by E. coli, P. mirabilis and Klebsiella bacteria; skin and skin-structure infections caused by staphylococci and streptococci; and pharyngitis and tonsillitis caused by Streptococcus progenies. Various versions of the drug had sales of about $6 million during the 12-month period that ended in September, according to IMS.

 

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L.A. Looks kicks off model search on Facebook

BY Antoinette Alexander

STAMFORD, Conn. — Hair styling brand L.A. Looks, which is owned by Newhall Labs, has kicked off a model search on Facebook.

Through the contest, women and men ages 18 years and older can submit a photo for a chance to win a trip to Los Angeles for a professional photo shoot, and potential exposure in an upcoming L.A. Looks marketing campaign.

“L.A. Looks has incredibly dedicated fans with a great sense of style, so it was just natural to look among them as we search for our next models,” stated Jon Achenbaum, Newhall Labs’ CEO.  “This is going to be an exciting year for L.A. Looks fans, with new products on tap, exciting promotions and refreshed websites and social channels.”


Fans can visit the L.A. Looks Facebook page and enter by submitting a photo through July 31.  Entries will be judged on originality, creativity, quality of photo and overall appeal. Up to 10 girls and 10 guys will be chosen as finalists and showcased on the L.A. Looks Facebook page from August 8 to 21, where fans can vote for winners. Two grand-prize winners, who will receive a trip to Los Angeles that includes transportation, hotel, meals and participation in a professional photo shoot, will be announced on or around August 26.

In addition to its home on Facebook, the contest will be promoted on-pack, in FSI’s in Sunday newspapers on May 12 and July 28, as well as online at LALooks.com.
 

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