Business news in brief

January 10, 2012

In the Region

A&P announces additional closings

The bankrupt owner of Pathmark and Super Fresh announced it would close the Pathmark at 2100 E. County Line Rd. in Upper Moreland, along with 13 other stores. Pathmark stores in Manahawkin and Egg Harbor Township, N.J., were among the stores to close. Great Atlantic & Pacific Tea Co. Inc. said it asked a bankruptcy judge in New York to approve the closings, which it wants to complete by April. The company filed for bankruptcy in December 2010, and in February announced closings that included 10 Philadelphia-area stores. - Reid Kanaley

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Supply problems for Endo pain med

Chadds Ford-based Endo Pharmaceuticals Holdings Inc. said there would be short-term supply problems for its Opana ER pain pill and possibly other medications. The cause is a temporary shutdown of a manufacturing plant run by Novartis Consumer Health in Lincoln, Neb. Among problems there, the Food and Drug Administration said, over-the-counter Novartis pills may have found their way into packages of prescription drugs sold by Endo. Novartis said on Sunday it was recalling products such as Excedrin, NoDoz, and Bufferin. Endo said the disruption in Opana production was "not related to the efficacy or safety" of its products, and the company planned to ramp up production at other manufacturing plants. - Mike Armstrong

 

Air Products sells a European unit

Air Products & Chemicals Inc. of Allentown is selling its Continental Europe home-care business to the Linde Groupe of Germany for $749.9 million, the company said. The business being sold provides oxygen therapy, sleep therapy, and infusions, and operates in Germany, France, Spain, Portugal, and Belgium. - AP

 

Driller cited for well pollution

Cabot Oil & Gas Co. was cited by Pennsylvania officials in September for "improper" well construction after natural gas polluted drinking water. Inspectors found defects in the liner intended to prevent oil and gas from leaking into groundwater at a Susquehanna County well, according to a Sept. 19 notice of violation from the Pennsylvania Department of Environmental Protection. The violation was reported by the Scranton Times-Tribune. The company immediately vented the household wells to eliminate risk of fire and explosion and "tightened down" its wells, Cabot spokesman George Stark said. Methane levels in the household wells fell over two weeks, Stark said. - Bloomberg News

 

Elsewhere

Health spending seen stabilizing

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