Business

Business briefs

Confidence+

Confidence among US consumers jumped in October to the highest level since pre-recession, raising the odds retailers will see sales improve, says a Thomson Reuters study.

Wee iPad

Apple will host an event on Oct. 23, said a source familiar with the plan, in what is expected to be the unveiling of a smaller iPad.

CVS trouble

CVS Caremark said yesterday it has not been contacted by the government regarding allegations that it is under investigation by the US Department of Health and Human Services that the drugstore chain refilled prescriptions and sought reimbursement without patient approval.

NJ gift cards

New Jersey has petitioned the US Supreme Court to hear a case that could help the state claim some $15 million a year in unspent gift card revenue from retailers and use the money to balance its budget.

Kodak talks

Eastman Kodak said it will begin discussions with creditors on a reorganization plan to emerge from bankruptcy protection.