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  • CVS Health's fourth-quarter profit rose 13 percent, as acquisition gains helped the drugstore operator and pharmacy benefits manager meet Wall Street's earnings expectations. That deal, which closed last summer, gave CVS Health national reach in dispensing prescription drugs to assisted living and skilled nursing homes, long-term care facilities,...

  • CVS Health's quarterly revenue rises 11 pct Tuesday, 9 Feb 2016 | 6:58 AM ET

    Feb 9- CVS Health Corp, the No.2 U.S. drugstore chain by store count, reported an 11 percent rise in quarterly net revenue, helped by strong demand in its pharmacy business. The net income attributable to the company rose to $1.50 billion, or $1.34 per share, in the fourth quarter ended Dec. 31 from $1.32 billion, or $1.14 per share, a year earlier. Net revenue rose to $41.15...

  • LONDON, Feb 9- British supermarket Sainsbury's continued to outperform rivals in the early weeks of the year, industry data showed on Tuesday, providing reassurance for investors ahead of the takeover of Argos-owner Home Retail. Total sales at Sainsbury's rose 0.6 percent year-on-year in the 12 weeks to Jan. 31 and its market share edged up 0.1 percentage...

  • PARIS, Feb 8- France called on the European Commission on Monday to do more to help its struggling livestock industry, seeking to defuse protests that have seen farmers block highways and supermarkets. France had in particular called for "market regulation measures" in proposals submitted ahead of a meeting of European Union agriculture ministers later this...

  • BANGKOK, Feb 8- Investors in Big C, one of Thailand's largest supermarket chains, cheered on Monday an up to $3.5 billion deal by France's Casino Group to sell its majority holding to TCC Group, owned by whiskey tycoon Charoen Sirivadhanabhakdi. Shares in Big C Supercenter hit a 13- month high of 251 baht on Monday, just below the offer price of 252.88 baht, and jumped...

  • France cracks down on food waste by supermarkets Friday, 5 Feb 2016 | 11:35 AM ET

    PARIS— French supermarkets will be forbidden from destroying unsold food and encouraged to donate to charities or farms instead as part of a national campaign against food waste. The senate approved the bill this week, following a lower house vote last year. Big supermarket chains must donate goods no longer fit for sale to charities or farms for use as animal...

  • Mosquito repellant sales boom in Brazil amid Zika scare Thursday, 4 Feb 2016 | 11:22 PM ET

    Following the detection of Zika in April, sales of repellant in Brazil rose by one-third last year, according to consumer research firm Nielsen, doubling revenue for the sector to $55.7 million. Brazil's biggest retailer, the Pao de Acucar Group, said supermarket sales of repellant were up 120 percent in the first weeks of 2016, compared to the same period a year...

  • 36¢ food store shuts as stock runs out Thursday, 4 Feb 2016 | 6:40 AM ET
    Shoppers queue to pay for their goods at the 'easyFoodstore' in north-west London on February 2, 2016.

    An ultra-discount food store opened by the owner of budget airline easyJet earlier this week was forced to close after shelves were emptied.

  • EasyJet owner launches ultra-low budget grocery in UK Wednesday, 3 Feb 2016 | 5:51 AM ET

    LONDON— The founder of budget airline EasyJet has stepped into Britain's grocery aisle. Stelios Haji-Ioannou has opened a discount grocery in northwest London, called EasyFood, offering canned sardines, soups and pasta for a mere 25 pence— for a limited time only. Haji-Ioannou says he drew on his experience in distributing food for free in Greece and Cyprus.

  • *Expects multiple deals in multiple territories. LONDON, Feb 2- British online grocer Ocado is confident it will sign multiple overseas technology deals despite missing out on its target of securing a first one in 2015, the firm said on Tuesday. "We are in talks with... a lot of retailers both in North America and in western Europe but also globally across Asia,...

  • Sainsbury's agrees $1.87B deal for Home Retail Tuesday, 2 Feb 2016 | 9:06 AM ET
    Customers push shopping carts as they look for goods inside a Sainsbury's supermarket store.

    Sainsbury's said on Tuesday it had agreed a £1.3 billion deal to buy Argos-owner Home Retail.

  • Ocado says expects multiple deals in medium term Tuesday, 2 Feb 2016 | 2:19 AM ET

    LONDON, Feb 2- British online grocer Ocado on Tuesday met forecasts with a 13.8 percent rise in full-year core earnings and said it expected to sign multiple overseas deals in the medium term. Analysts see securing international deals in north America and western Europe as the key driver of Ocado's stock market valuation and the company said back in February...

  • SHANGHAI, Jan 29- Alibaba Health Information Technology Ltd's role in a regulatory platform tracking drug sales was brought into the spotlight after a pharmacy chain said it had filed a lawsuit alleging the arrangement gave Ali Health an unfair advantage. Hunan- based Yontinhe Group posted a notice on its website on Tuesday which said it was suing the China...

  • Jan 28- Walgreens Boots Alliance Inc, the largest U.S. drugstore chain, said it would immediately suspending Theranos's laboratory services at a store in California. The news comes a day after the U.S. government's Centers for Medicare& Medicaid Services said that Theranos' deficient practices at the Newark lab posed "immediate jeopardy to patient health and...

  • Jan 28- Walgreens Boots Alliance Inc, the largest U.S. drugstore chain, said it would immediately suspending Theranos's laboratory services at a store in California. Walgreens said it has told Theranos, a blood-testing startup, to immediately stop sending any lab tests provided through Theranos Wellness Centers at Walgreens to its lab in Newark, California...

  • Indonesia risks big rice shortage by cooking books Tuesday, 26 Jan 2016 | 8:21 PM ET
    Two farmers cut stalks of rice using a special knife called 'anggapan' during harvest season in Tabanan, Bali, Indonesia.

    Indonesian officials routinely inflate rice harvest data, but their latest phony numbers could lead to a severe shortage, officials say.

  • LONDON, Jan 26- Britain's biggest supermarket group Tesco propped up its finances by short-changing suppliers when it began lagging rivals, the country's grocery watchdog ruled on Tuesday. Tesco Chief Executive Dave Lewis, who succeeded Phil Clarke as CEO weeks before the accounting scandal broke, said it had completely changed the way it dealt with...

  • LONDON, Jan 26- Tesco, Britain's biggest supermarket group, "seriously breached" a legally binding code to protect suppliers in order to prop up its own finances as it battled an industry slowdown, the country's grocery watchdog ruled on Tuesday. The Groceries Code Adjudicator, Christine Tacon, launched an investigation into Tesco last February in the wake of the...

  • BRIEF-TESCO ACCEPTS GROCERY REPORT, SAYS HAS MADE MATERIAL. *Says accepts findings of GCA report, commits to continue to build trusted partnerships with suppliersr. *Says have made material changes to our business that addressed the majority of the historic practices.

  • Canadian grocers, retailers warn of more price hikes Friday, 22 Jan 2016 | 11:12 AM ET

    TORONTO, Jan 22- The Canadian dollar's plunge to a nearly 13- year low this week has grocers, fishmongers and other import-reliant retailers warning that shoppers can expect further price increases in the coming months. Shoppers were shocked to see C $5 bunches of celery and C $10 cauliflowers. "Prices are going through the roof," said Anthony Pronesti, owner of...