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Drug Retail

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  • Walgreen fiscal 1st-qtr profit jumps 16 percent Tuesday, 23 Dec 2014 | 7:39 AM ET

    Stronger sales from established stores helped Walgreen trump first-quarter expectations, and the nation's largest drugstore chain said Tuesday that a major acquisition expected to stoke its global reach and buying clout should close next week. In 2012, Walgreen bought a 45 percent share in Alliance Boots, which runs the United Kingdom's largest pharmacy...

  • Lottery ticket sector of 2015  Monday, 22 Dec 2014 | 12:46 PM ET

    Mark Fisher, MBF Clearing Corp. chairman, shares his favorite stock in the biotech space.

  • Cramer's view of AbbVie-Express Scripts deal  Monday, 22 Dec 2014 | 8:52 AM ET

    Don't start your trading day without finding out what CNBC's Jim Cramer is watching ahead of the opening bell.

  • Hepatitis C virus

    Express Scripts Medical Chief Steve Miller, provides insight to his company's deal with AbbVie. The two companies have come to a deal which gives Express Scripts a significant discount on the hepatitis C drug.

  • CNBC's Meg Tirrell provides insight to a newly approved hepatitis C drug from AbbVie, which Express Scripts made an exclusive deal for a significant discount on the drug.

  • Dec 18- Rite Aid Corp, the third largest U.S. drugstore chain, raised its full-year earnings forecast after cutting it twice this year as higher sales of prescription drugs pushed up its profit and revenue in the third quarter. Rite Aid's shares jumped 13.3 percent to $6.87 in heavy premarket trading. Rite Aid, which sells over-the-counter drugs, personal care...

  • Rite Aid's quarterly profit jumps 46.5 pct Thursday, 18 Dec 2014 | 7:20 AM ET

    Dec 18- U.S. drugstore chain Rite Aid Corp's quarterly profit jumped 46.5 percent as higher sales of prescription drugs boosted same-store sales. The company's net income rose to $104.9 million, or 10 cents per share, in the third quarter ended Nov. 29 from $71.6 million, or 4 cents per share, a year earlier. Total revenue rose 5.3 percent to $6.69 billion.

  • CAMP HILL, Pa.— Shares of Rite Aid soared Thursday after the nation's third-largest drugstore chain reported a 47 percent jump in fiscal third-quarter earnings and hiked its annual forecast after dropping it for two straight quarters. Rite Aid now expects fiscal 2015 earnings of between 31 cents and 37 cents per share on $26.25 billion to $26.4 billion in...

  • CVS Health hikes dividend, expects growth Tuesday, 16 Dec 2014 | 9:18 AM ET

    CVS Health will raise its quarterly shareholder payout by 27 percent, and the nation's second-largest drugstore chain also said Tuesday that it expects another year of earnings growth in 2015.. CVS Health drew national attention earlier this year when it announced a plan to stop selling tobacco products in its stores as it sharpens its focus on delivering...

  • Dec 10- Walgreen Co said Chief Executive Greg Wasson would retire and hand the reins on an interim basis to the head of Alliance Boots Holdings Ltd, a move that follows a series of events that has tested investor confidence in the U.S. drugstore chain. Walgreen said Wasson would step down shortly after it completes the purchase of the 55 percent it does not already...

  • Dec 10- U.S. drugstore chain operator Walgreen Co said Chief Executive Greg Wasson would retire after the completion of the company's pending merger with Alliance Boots Holdings Ltd.. Walgreen shares were up 2.3 percent in extended trading. Stefano Pessina, executive chairman of Alliance Boots, would serve as acting CEO, Walgreen said.

  • Walgreen CEO to retire after Alliance Boots' merger Wednesday, 10 Dec 2014 | 5:06 PM ET

    Dec 10- U.S. drugstore chain operator Walgreen Co said Chief Executive Greg Wasson would retire after the completion of its pending merger with Alliance Boots Holdings Ltd.. Walgreen shares were up 2.1 percent in extended trading. Stefano Pessina, executive chairman of Alliance Boots, would serve as acting CEO, Walgreen said.

  • Intercept CEO: NASH epidemic of liver disease  Friday, 14 Nov 2014 | 3:16 PM ET

    Intercept Pharmaceuticals CEO Mark Pruzanski, provides insight to his company's efforts to tackle NASH, or nonalcoholic steatohepatitis, saying over 10 percent of the U.S. population is thought to have NASH. Pruzanski also weighs in on being a public company.

  • Lots of risk in biotech: Pro  Monday, 10 Nov 2014 | 2:22 PM ET

    Discussing warning signs from Dendreon, and other worrisome companies, with Les Funtleyder, E Square Asset Management.

  • Dendreon declares bankruptcy  Monday, 10 Nov 2014 | 2:18 PM ET

    Joseph Pantginis, Roth Capital, has been negative on Dendreon for a long time, ahead of the drugmaker's bankruptcy protection filing.

  • CHICAGO, Nov 6- A Chicago court on Thursday rejected Walgreens' move to block all disclosures of what the drugstore chain deems confidential information in a defamation lawsuit filed by its former chief financial officer. Cook County Circuit Court Judge Franklin Valderrama said Walgreens, the largest U.S. drugstore chain operator, failed to convince him that...

  • CHICAGO, Nov 6- A Chicago court on Thursday rejected Walgreens' move to block disclosures of what the drugstore chain deems confidential information in a defamation lawsuit filed by its former chief financial officer. Cook County Circuit Court Judge Franklin Valderrama said Walgreens, the largest U.S. drugstore chain operator, failed to convince him that all...

  • CHICAGO, Nov 4- CVS Health Corp reported slightly higher-than-expected quarterly results on Tuesday, helped by growth in specialty pharmacy sales and new client additions in its pharmacy benefits business. Net income at CVS, which operates the No. 2 U.S. drugstore chain and a major pharmacy benefits management business, fell to $948 million, or 81 cents per share,...

  • Supermarket sweep: What could lift Kroger shares Monday, 3 Nov 2014 | 12:37 PM ET
    A shopper outside a Kroger supermarket in Peoria, Illinois.

    Kroger has delivered 43 straight quarters of rising sales at stores open at least a year.

  • Apple CEO fires back as retailers block Pay Tuesday, 28 Oct 2014 | 1:11 AM ET

    LAGUNA BEACH, Calif., Oct 27- Apple Inc CEO Tim Cook fired back at CVS and Rite Aid on Monday after the drugstore chains blocked the iPhone maker's mobile payments service, saying there were plenty of other retailers around the world to sign up. It already totes up more transactions than all other "contactless" payment methods combined, Cook said, citing Visa and...