CareFusion drops jazz fest sponsorships

CareFusion, a global corp. specializing in hospital equipment, has ended its two-year sponsorship of George Wein's New York Jazz Festival and Newport Jazz Festival, and the Chicago Jazz Festival, a day after reporting the retirement of its Chairman and CEO David L. Schlotterbeck, and the first quarter financials of its 2010 fiscal year. The company announced steep revenue losses and plans to cut 5% of its workforce last August; in October, CareFusion recalled 17,000 Alaris PC infusion units, cited by the FDA as a product the use … [Read more...]