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Retail Distributors

  • *China business had over $3.5 bln revenue last year. *Cardinal sale move comes amid China drug distribution reform. HONG KONG, July 20- U.S. drug distributor Cardinal Health has put its China business up for sale, drawing keen interest from state-backed Chinese pharmaceutical firms in a deal that may be worth up to $1.5 billion, sources familiar with the matter said.

  • CARSON CITY, Nev.— Regulators took steps this week to make sure Nevada's fledgling but popular marijuana industry doesn't run out of pot to sell. "Being fully integrated, we have one facility so we can grow it in the back, have a production kitchen in the middle and a retail store in the front," said James Green, a retired police officer who runs Shango Las Vegas, one of the...

  • The Nevada Tax Commission adopted the rules after a three-hour hearing Thursday. The lawyer for a group of Nevada alcohol wholesalers suing the state over marijuana distribution licenses says an emergency regulation state tax commissioners are considering to free up more licenses would be just as illegal as an earlier one struck down by a Carson City judge.

  • CARSON CITY, Nev.— Nevada moved Thursday to reduce supply problems at recreational marijuana stores that have faced overwhelming demand for newly legal pot and the possibility of their shelves going empty. Nevada's law is unique among legal pot states, dictating that only alcohol wholesalers can transport the drug from growers to storefronts for the next 18...

  • *Tesco/Booker deal referred to phase 2 investigation. LONDON, July 12- Britain's competition regulator has referred supermarket Tesco's proposed 3.7 billion pound takeover of wholesaler Booker for a detailed investigation, granting a request from the companies to "fast track" the process. Tesco, Britain's biggest retailer, and Booker announced the cash and...

  • *Tesco/Booker deal referred to phase 2 investigation. LONDON, July 12- Britain's competition regulator has referred supermarket Tesco's proposed 3.7 billion pounds takeover of wholesaler Booker for a detailed investigation, granting a request from the companies to "fast track" the process. Tesco, Britain's biggest retailer, and Booker announced the cash and...

  • LONDON, July 12- Britain's competition regulator has referred supermarket Tesco's proposed 3.7 billion pounds takeover of wholesaler Booker to a detailed investigation, ceding to a request from the companies to "fast track" the process. The Competition and Markets Authority said on Wednesday it believed that in over 350 local areas where there is currently...

  • WASHINGTON, July 11- U.S. wholesale inventories increased more than previously estimated in May as automobile stocks rose amid declining sales, but inventory investment still likely weighed on economic growth in the second quarter. The Commerce Department said on Tuesday wholesale inventories climbed 0.4 percent. That was the biggest gain since December...

  • WASHINGTON, July 11- U.S. wholesale inventories increased more than previously estimated in May as automobile stocks rose amid declining sales, but inventory investment still likely weighed on economic growth in the second quarter. The Commerce Department said on Tuesday wholesale inventories climbed 0.4 percent. That was the biggest gain since December...

  • SYDNEY, July 11- Copper held largely steady in Asia on Tuesday amid modest support from investors after losing ground overnight on fresh signs of oversupply. "We are seeing little of the selling that occurred in London," a commodities trader in Perth said. *The most-traded copper contract on the Shanghai Futures Exchange was down 0.09 percent to 46,820 yuan a tonne.

  • *The most active soybean futures were up 0.6 percent to $10.45-1/ 4 a bushel, near the session high of $10.47 a bushel- the highest since March 6. *The USDA rated 35 percent of U.S. spring wheat crop at good to excellent, matching analyst expectations. *The USDA rated 65 percent of the U.S. corn crop in good to excellent condition, down from 68 percent the previous week.

  • *Initial phase was due to run to July 25. LONDON, June 29- Britain's biggest retailer Tesco and its takeover target Booker have asked the UK competition regulator to "fast track" examination of their 3.7 billion pound deal to a more detailed second stage, they said on Thursday. The initial investigation was due to run until July 25.

  • LONDON, June 29- British supermarket Tesco and its takeover target Booker have asked the UK competition regulator to "fast track" examination of their 3.7 billion pounds deal to a more detailed second stage, they said on Thursday. Tesco and the wholesaler Booker announced the cash and shares deal in January and the Competition and Markets Authority formally...

  • BERLIN, June 16- Zalando set out a target to double in size by 2020 as Europe's biggest pure online fashion retailer announced a raft of new partnerships that underline its ambition to move from being just a wholesaler to a provider of services to brands. Founded in Berlin in 2008, Zalando has expanded rapidly and now delivers 1,500 brands in 15 countries, but is...

  • BERLIN, June 16- Zalando set out a target to double in size by 2020 as Europe's biggest pure online fashion retailer announced a raft of new partnerships that underline its ambition to move from being just a wholesaler to a provider of services to brands. Founded in Berlin in 2008, Zalando has expanded rapidly and now delivers 1,500 brands in 15 countries, but is...

  • *Quarterly UK like-for-like sales beat forecasts. LONDON, June 16- Tesco, Britain's biggest retailer, has cemented its recovery, reporting its strongest quarterly sales performance in its home market in seven years despite rising prices. The group, which in January agreed to buy wholesaler Booker for 3.7 billion pounds, said on Friday that UK like-for-like...

  • WASHINGTON, June 13- U.S. producer prices were unchanged in May as energy costs recorded their biggest decline in more than a year, suggesting a moderation in inflation after a rise at the start of the year. "Inflation down at the producer level of the economy's factory-to-consumer supply chain remains on the warm side, which is in keeping with the economy moving...

  • The company's shares were up 6.2 percent at $150.30 in after-market trading on Thursday. The company said it expects fiscal 2018 adjusted earnings of $11.75- $12.45 per share. However, Walgreens Boot Alliance deal for Rite Aid in 2015 cast doubts over that contract.

  • LONDON, May 18- British wholesaler Booker still expects its 3.7 billion pound takeover by Tesco to be completed by early 2018 at the latest, it said after reporting annual results on Thursday, despite regulatory hurdles that analysts said could make the timetable optimistic. Though the companies announced the deal in January, Britain's Competition& Markets...

  • LONDON, May 18- Booker, the British wholesaler that has agreed a $4.8 billion takeover by Tesco, said it still expected the deal to complete by early 2018 at the latest as it reported a 15 percent rise in annual profit. The two sides announced the combination in January and although both companies are currently engaging with Britain's Competition and Markets...