Financial News

04/23/2013 - 10:22am

RadioShack has ended its mobile phone partnership with Target amid slumping sales, the electronics store chain said.

04/22/2013 - 12:51pm

WAG's latest moves offer brighter outlook on Wall Street

To the skepticism of many, Walgreens last year made a big global splash with its two-step merger deal with Alliance Boots across the pond. But with the announcement that the co-joined Walgreens/Alliance Boots had signed a 10-year distribution deal with wholesaler AmerisourceBergen, that included an equity stake to boot, well, it seemed that many analysts on Wall Street finally got it.

04/19/2013 - 4:55pm

GPhA welcomes Bipartisan Policy Center proposal to save billions through increased use of generics

A report released yesterday by the Bipartisan Policy Center, entitled “A Bipartisan Rx for Patient-Centered Care and System-Wide Cost Containment,” contains a smart, forward-looking and no-cost recommendation that could save the government billions, the Generic Pharmaceutical Association said.

04/16/2013 - 5:21pm

Jean Coutu Group sells 72.5 million shares of Rite Aid stock

The Jean Coutu Group sold 72.5 million of its 178.4 million shares of Rite Aid stock, according to a Securities and Exchange Commission filing Monday and company announcement Tuesday.

04/16/2013 - 2:32pm

J&J sales rise in first quarter 2013

Johnson & Johnson's sales increased by 8.5% to $17.5 billion in first quarter 2013, the healthcare products company said Tuesday.

04/16/2013 - 11:20am

Target lowers Q1 EPS guidance amid softer-than-expected sales

Target has lowered its earnings expectations for first quarter 2013, the mass merchandise retailer said Tuesday.

04/12/2013 - 10:39am

Target to pay more than $1.1 billion in debt refinancing plan

Target has accepted for purchase $760.7 million worth of debt as part of a $1.1 billion debt-refinancing plan announced last month, the mass merchandiser said.

04/11/2013 - 3:27pm

March sales down 2% across Fred's Super Dollar

Fred's Super Dollar reported total sales of $190.4 million for the five weeks ended April 6, down 2% from the comparable year-ago period.

04/11/2013 - 10:17am

Costco reports 7% sales increase for March

Club retailer Costco Wholesale announced sales grew by 7% in March compared with March 2012, the company said.

04/11/2013 - 10:10am

Rite Aid posts $118.1 million profit for fiscal year 2013

Rite Aid's profits grew in the fourth quarter and fiscal year 2013 amid stronger front-end sales and prescription count, the retail pharmacy chain said.