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MEDICAL
HealthSouth's Scrushy indicted
Richard Scrushy, founder and ex- CEO of the rehab services firm, was indicted on 85 criminal counts related to a $2.5 bil accounting fraud at HealthSouth. Federal prosecutors seek over $278 mil in forfeitures from Scrushy. He may face more than $36 mil in fines and up to 650 years in prison.
Kos soars on '04 profit outlook
The drug firm said it'll earn $2.10 to $2.20 a share vs. views for $1.63. Kos cited strong sales of Niaspan and Advicor, which raise "good" cholesterol. Kos says Takeda Chemical Industries will co-promote the 2 drugs, boosting '04 sales by 10%. Last week, Kos handily beat Q3 profit views. Kos shares jumped 10.5% to 44.20, an all-time high.
FINANCE
Credit Suisse made $1.5 bil in Q3