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AmerisourceBergen increases dividend rate
VALLEY FORGE, Pa. — The board of directors of AmerisourceBergen on Tuesday increased the company’s quarterly dividend rate 12% to $0.235 per common share from $0.21 per common share.
AmerisourceBergen shares were up 23 cents to $67.13 in mid-morning trading on Wednesday.
The quarterly dividend of $0.235 per common share will be payable Dec. 2, 2013, to stockholders of record at the close of business on Nov. 18, 2013.
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Reports: Hallmark to cut staff, eliminate party wares division
NEW YORK — Hallmark Cards will lay off up to 250 people and drop its party wares line as sales for the category decline, according to published reports.
The Kansas City Star reported that the layoffs equalled more than 7% of the company's 3,200 jobs in the Kansas City, Mo., area, out of about 12,000 employees worldwide.