Teva (TEVA) halts the development of a proposed $300M distribution center in Northeast...

|About: Teva Pharmaceutical Indus... (TEVA)|By:, SA News Editor

Teva (TEVA) halts the development of a proposed $300M distribution center in Northeast Philadelphia, saying that it "cannot elaborate further about plans for this property." Earlier this month, Teva said it's reassessing its international operations as part of a scheme to slash expenses by $1.5-2B over the next 3-5 years.