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Greg Wasson

  • April 14- U.S. drugstore chain operator Walgreen Co is under pressure from a group of shareholders to consider relocating to Europe to gain tax benefits, the Financial Times reported.

  • April 14- U.S. drugstore chain operator Walgreen Co is under pressure from a group of shareholders to consider relocating to Europe to gain tax benefits, the Financial Times reported.

  • CVS goes cold turkey; may pressure rivals, or not Wednesday, 9 Apr 2014 | 10:01 AM ET

    It's probably too early to say, but major retailers will be paying close attention to the sales numbers after CVS Caremark pulls tobacco from its shelves by October. CVS Caremark Corp. is part of a booming industry. In that same stretch since early February, shares of rivals Walgreen Co. and Rite Aid Corp. have surged as well.

  • March 25- Walgreen Co reported lower-than-expected quarterly profit on Tuesday but said it expected a bigger boost this year from its partnership with European retailer Alliance Boots Holdings Ltd than it first forecast.

  • UPDATE 1-Fewer new generic drugs dent Walgreen profit Tuesday, 25 Mar 2014 | 8:19 AM ET

    March 25- Walgreen Co on Tuesday reported a lower-than-expected quarterly profit as a slowdown in the introduction of higher-profit generic medicines and a milder flu season cut into its gross profit margin. Excluding one-time costs, Walgreen had a profit of 91 cents a share, two cents below Wall Street estimates, according to Thomson Reuters I/B/E/S.

  • Dec 20- Walgreen Co, the largest U.S. drugstore operator, reported higher quarterly sales on Friday, but an increase in promotions and a slowdown in the introduction of higher-profit generic drugs cut into its gross profit margin. Wasson said the business environment was challenging and said Walgreen would focus on containing costs to protect margins.

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