HAWAII

CVS CarePlus Pharmacy now open

CVS Caremark Corp., the new parent of Longs Drugs stores in Hawaii, held a grand opening for its second specialty pharmacy in Hawaii yesterday.

CVS CarePlus Pharmacy is now open at the former Sunset Grill space at Waterfront Plaza. The 4,700-square-foot pharmacy will offer pick-up prescriptions and over-the-counter medicines.

The first CVS specialty pharmacy opened in Kailua about nine years ago.

CVS CarePlus Pharmacy at Waterfront Plaza will be open from 8 a.m. to 6 p.m. Monday through Friday.

NATION

Johnson & Johnson profit up 14%

TRENTON, N.J. » Health care products maker Johnson & Johnson posted yesterday a 14 percent increase in fourth-quarter profit, topping Wall Street forecasts, as big one-time gains offset slumping sales.

But the maker of baby shampoo, contraceptives and other health items forecast weaker results in 2009, blaming the global recession, unfavorable currency exchange rates and intensified pressure from both generic drugs and competitors' products.

Still, its CEO said the economic uncertainty and J&J's strong cash flow - $12.2 billion in 2008 - put the company “;in a great position”; to acquire companies or products.