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December 26, 2013

The philanthropic arm of supermarket operator Bi-Lo Holdings is donating more than $3 million to charities in the South, the company said.

JACKSONVILLE, Fla. — The philanthropic arm of supermarket operator Bi-Lo Holdings is donating more than $3 million to charities in the South, the company said.

The Bi-Lo Holdings Foundation said it would donate about $3.2 million to 281 non-profit organizations in Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina and Tennessee, particularly organizations focused on hunger, education, health, women and children. Bi-Lo Holdings operates the Bi-Lo and Winn-Dixie supermarket banners.

December 26, 2013

Cosmetics maker Coty has entered a new joint venture that it said would expand its footprint in the United Arab Emirates.

NEW YORK — Cosmetics maker Coty has entered a new joint venture that it said would expand its footprint in the United Arab Emirates.

December 26, 2013

Publix Super Markets has donated $25,000 to a local hunger-relief organization, the Florida-based supermarket chain said.

LAKELAND, Fla. — Publix Super Markets has donated $25,000 to a local hunger-relief organization, the Florida-based supermarket chain said.

Publix made the donation to Food for All as part of its Sprinkle Joy campaign, announced earlier this month on its Facebook and Twitter pages, allowing users to make virtual holiday cookies; the filling of the cookie jar triggered donations to charitable organizations.

December 23, 2013

Ahold USA division Giant Food Stores has donated nearly $650,000 to local charities, the supermarket banner said.

CARLISLE, Pa. – Ahold USA division Giant Food Stores has donated nearly $650,000 to local charities, the supermarket banner said.

Giant, based in Carlisle, Pa., and also known as Giant-Carlisle to distinguish itself from another Ahold banner, Giant Food of Landover, Md., said customers at Giant Food Stores and Martin's Food Markets — part of the same banner — donated $640,194 to local Children's Miracle Network hospitals in their communities as part of a donation campaign that took place between Nov. 24 and Dec. 7.

December 23, 2013

The chief executive of Target is reaching out to consumers in the wake of the widespread hacking of credit and debit card data at Target stores that the company confirmed last week.

MINNEAPOLIS — The chief executive of Target is reaching out to consumers in the wake of the widespread hacking of credit and debit card data at Target stores that the company confirmed last week.

In a statement on the mass-merchandise retailer's website, president, chairman and CEO Gregg Steinhafel sought to ameliorate customers' worries about the possibility that their cards were compromised. He emphasized that the issue had been "identified and eliminated," while the retailer extended a 10% discount to customers who shopped at its stores on Saturday and Sunday.

December 20, 2013

With the announcement of its first-quarter results, Walgreens continues to fire on all cylinders of its straight-three engine.

DEERFIELD, Ill. — With the announcement of its first-quarter results, Walgreens continues to fire on all cylinders of its straight-three engine, including advancements across its Well Experience store base, the continued transformation of its pharmacy operations to better meet the needs of today's evolving healthcare system and the further establishment of a global supply chain to drive economies of scale. 

December 19, 2013

Bristol-Myers Squibb is selling its diabetes business to AstraZeneca for up to $4.3 billion as part of an effort to focus more on specialty drugs, the company said Thursday.

NEW YORK — Bristol-Myers Squibb is selling its diabetes business to AstraZeneca for up to $4.3 billion as part of an effort to focus more on specialty drugs, the company said Thursday.

BMS said AstraZeneca would pay $2.7 billion upfront, as well as up to $1.4 billion in milestone payments and up to $225 million on the condition of certain assets being sold. The companies have had a diabetes drug-development partnership since 2007.

December 19, 2013

Endo announced Thursday that regulatory waiting periods in the United States and Canada related to its plans to acquire a Montreal-based drug maker have been terminated.

MALVERN, Pa. — Endo announced Thursday that regulatory waiting periods in the United States and Canada related to its plans to acquire a Montreal-based drug maker have been terminated.

December 19, 2013

Meda has signed an agreement to acquire ZpearPoint AS, including global rights to its main product, EB24, an OTC line for treating dental erosion.

GÖTEBORG, Sweden — Meda has signed an agreement to acquire ZpearPoint AS, including global rights to its main product, EB24, an OTC line for  treating dental erosion.  

The EB24 product is based on hydrogen fluoride highly diluted in water. In studies, the product has shown that it is able to penetrate enamel surfaces and form calcium fluoride resulting in an anti-erosive effect. As such, EB24 works as a protective agent against dental erosion. 

December 19, 2013

The purchase of as many as 10 Dominick's stores may be under consideration by independent grocery chains affiliated with the Centrella cooperative, Crain's Chicago Business reported Thursday, citing sources close to the deal.

CHICAGO — The purchase of as many as 10 Dominick's stores may be under consideration by independent grocery chains affiliated with the Centrella cooperative, Crain's Chicago Business reported Thursday, citing sources close to the deal. 

December 19, 2013

Rite Aid appears to be transitioning from a turnaround phase to one in which it's looking more toward future opportunities, company executives suggested in a conference call Thursday morning when announcing the chain's third quarter 2014 results.

CAMP HILL, Pa. – Rite Aid appears to be transitioning from a turnaround phase to one in which it's looking more toward future opportunities, company executives suggested in a conference call Thursday morning when announcing the chain's third quarter 2014 results.

December 19, 2013

About 40 million credit and debit card accounts of Target customers were compromised between late November and the middle of this month, the mass merchandise retailer said Thursday.

MINNEAPOLIS — About 40 million credit and debit card accounts of Target customers were compromised between late November and the middle of this month, the mass merchandise retailer said Thursday.

Target confirmed earlier reports from the online security blog Krebs on Security that the company experienced a breach affecting nearly all of its stores. The breach was initially thought to have started the day before Thanksgiving and ended on Dec. 6, but investigators later found that it had lasted until Sunday.

December 18, 2013

Perrigo has finalized its acquisition of Elan Corp., Perrigo said Wednesday.

DUBLIN — Perrigo has finalized its acquisition of Elan Corp., Perrigo said Wednesday.

The Michigan-based maker of branded and generic prescription and OTC drugs announced last week that the Irish High Court had approved its $8.6 billion deal to buy Ireland-based Elan, the last regulatory hurdle it had to clear before finalizing the deal, which it announced in July.

December 17, 2013

Three organizations will receive part of $1.3 million in funding that German drug maker Merck KGaA and the National Multiple Sclerosis Society are distributing for MS research.

NEW YORK — Three organizations will receive part of $1.3 million in funding that German drug maker Merck KGaA and the National Multiple Sclerosis Society are distributing for MS research.

EMD Serono, the name the Merck KGaA uses in the United States to avoid confusion with U.S.-based Merck & Co., and the National MS Society said the money will help encourage early-stage drug discovery for the autoimmune disease.

December 16, 2013

Endo Health Solutions will acquire the maker of a patch used to treat migraines that received Food and Drug Administration approval at the beginning of this year.

MALVERN, Pa. – Endo Health Solutions will acquire the maker of a patch used to treat migraines that received Food and Drug Administration approval at the beginning of this year.

Endo said Monday that it would buy NuPathe for $105 million. In January, the FDA approved NuPathe's patch, Zecuity, a disposable, single-use, battery-powered transdermal patch that delivers the drug sumatriptan, the most widely prescribed migraine medication.

December 16, 2013

Everett Labs has acquired Quinnova Pharmaceuticals from Amneal Enterprises, Everett said Monday.

CHATHAM, N.J. — Everett Labs has acquired Quinnova Pharmaceuticals from Amneal Enterprises, Everett said Monday.

Everett Labs, a subsidiary of Spain-based Exeltis, said the purchase would help it expand into the U.S. dermatology and women's health markets. Financial terms of the deal were not disclosed.

December 16, 2013

Valeant Pharmaceuticals International will acquire Solta Medical for about $250 million, Valeant said Monday.

LAVAL, Quebec — Valeant Pharmaceuticals International will acquire Solta Medical for about $250 million, Valeant said Monday.

The Canadian drug maker said the $2.92-per-share acquisition represented a 40% premium over Solta's closing share price on Friday. Solta develops, manufactures and markets energy-based medical device systems for such cosmetic medical procedures as skin tightening, improving skin texture and others.

December 13, 2013

The Irish High Court has approved Perrigo's pending acquisition of Irish drug maker Elan, the companies said Friday.

ALLEGAN, Mich. — The Irish High Court has approved Perrigo's pending acquisition of Irish drug maker Elan, the companies said Friday.

December 12, 2013

Following reports in the media in Mexico and Chile of discussions between Alliance Boots and Grupo Casa Saba and its shareholders, Alliance Boots confirmed that it has stopped all discussions.

ZUG, Switzerland — Following reports in the media in Mexico and Chile of discussions between Alliance Boots and Grupo Casa Saba and its shareholders, Alliance Boots on Wednesday confirmed that it has stopped all discussions with Casa Saba and its shareholders in connection with an investment in Casa Saba or a purchase of certain of Casa Saba’s assets. 

Alliance Boots' decision not to invest has been based on its inability to determine the current financial situation of Casa Saba, the company reported. 

December 11, 2013

Costco Wholesale Corp. had sales of $24.47 billion in first quarter 2014, the club retailer said.

ISSAQUAH, Wash. — Costco Wholesale Corp. had sales of $24.47 billion in first quarter 2014, the club retailer said.

The results, announced Wednesday, were an increase from the $23.20 billion reported in first quarter 2013 and produced a profit of $425 million, compared with the $416 profit last year.

Same-store sales for the quarter increased by 3%, including 3% in the United States and 1% in stores abroad.

While profits increased over the last quarter, the company's earnings per share of 96 cents fell short of the $1.03 expected by analysts.

December 10, 2013

The hedge fund Elliott Management will attempt to block McKesson's offer to acquire the German pharmaceutical wholesaler Celesio because it “substantially undervalues” the company, according to a report in the New York Times published Tuesday.

LONDON — The hedge fund Elliott Management will attempt to block McKesson Corporation’s offer to acquire the German pharmaceutical wholesaler Celesio because it “substantially undervalues” the company, according to a report in the New York Times published Tuesday. 

Elliott has a greater-than 25% share of Celesio and will decline to tender its shares, according to the report. 

December 9, 2013

Covidien will acquire a company that markets a swallowed capsule used in medical imaging for $860 million, the hospital equipment manufacturer said Sunday.

DUBLIN — Covidien will acquire a company that markets a swallowed capsule used in medical imaging for $860 million, the hospital equipment manufacturer said Sunday.

Covidien announced a deal to acquire all outstanding shares of Given Imaging for $30 a share. Given Imaging specializes in products for visualizing, diagnosing and monitoring the digestive system, including its flagship product, PillCam.

December 9, 2013

Institutional pharmacy PharMerica Corp. has acquired a minority stake in specialty pharmacy company Onco360, the two companies said Monday.

NEW YORK — Institutional pharmacy PharMerica Corp. has acquired a minority stake in specialty pharmacy company Onco360, the two companies said Monday.

Onco360, which focuses on oncology services, and PharMerica called the stake "significant," and PharMerica will have the option to acquire the rest of the company over the next several years, but financial terms of the deal were not disclosed. Onco360 currently has sales of more than $100 million per year.

December 9, 2013

A philanthropic arm of mass merchandiser Shopko is planning to donate up to $360,000 to school districts across the country.

NEW YORK — A philanthropic arm of mass merchandiser Shopko is planning to donate up to $360,000 to school districts across the country.

The Shopko Hometown Foundation, part of the Shopko Hometown division, which runs 181 small-format stores across the country, said it would donate $1 for each signature it receives from customers, for up to $2,000 per store.

The campaign, called Help Us Give Back, lasts through Dec. 24. Customers can sign their names once per day, every day through the campaign.

 

December 6, 2013

Safeway on Friday announced that its board of directors met yesterday and declared a regular quarterly cash dividend of $0.20 per share.

PLEASANTON, Calif. — Safeway on Friday announced that its board of directors met yesterday and declared a regular quarterly cash dividend of $0.20 per share. 

The cash dividend will be payable on Jan. 9 to stockholders of record at the close of business on Dec. 19.

Safeway operates 1,406 stores in the United States and had annual sales of $37.5 billion in 2012.