Muddled by inconsistent earnings and stock performances, one sector appears tougher and tougher to predict, CNBC's Jim Cramer says.» Read More
Amazon.com is clashing with Johnson & Johnson amid complaints the online retailer hasn't stopped sales of damaged or expired products.
Nov 5- CVS Caremark Corp raised its profit forecast for the year on Tuesday, as sales grew at its drugstore chain and it processed more prescriptions from new clients. Wall Street analysts expected $31.53 billion, according to Thomson Reuters I/B/E/S.
Nov 5- CVS Caremark Corp posted higher quarterly profit and raised its forecast for the year on Tuesday, as sales grew at its drugstore chain and it processed more prescriptions.
LONDON, Oct 15- A British charity and a labour union accused Europe's largest pharmacy chain, Alliance Boots, of avoiding over 1.1 billion pounds in UK tax since 2008 and called on the government to change laws which allow such tax planning.
Francois Nader, NPS Pharmaceuticals president & CEO, discusses its lead product Gattex for "short bowel syndrome," the potential for Netpara and the solid performance of its stock.
The so-called "pot mom" Andrea Sanderlin has confessed to a judge she operated a facility in which she and others grew at least 1,000 marijuana plants and sold the products. CNBC's Andrea Day has the details.
Oct 9- Canadian pharmacy chain Jean Coutu Group Inc reported a lower-than-expected quarterly profit on Wednesday, hurt by ongoing regulations that have capped the prices companies can charge for generic drugs.
Drugstores signed on to help educate consumers about Obamacare, but they have their sights set on the future business of these newly insured consumers.
Oct 1- Walgreen Co reported a much higher quarterly profit on Tuesday as it filled more prescriptions and enticed shoppers with offers and updated stores, and it said sales trends kept improving in September. Shares of Walgreen, the largest U.S. drugstore operator, were up 4.4 percent at $56.17 on the New York Stock Exchange after rising as high as $56.69.
*Fourth-quarter earnings $0.73/ share vs est $0.72. Oct 1- Walgreen Co, the largest U.S. drugstore operator, reported a better-than-expected quarterly profit due to strong sales of higher-margin generic drugs, sending the company's shares up 2 percent in premarket trading.
Sept 19- Rite Aid Corp, the No. 3 drugstore chain in the United States, reported a surprise quarterly profit after generic drug sales boosted margins, sending its shares up by a fifth to their highest in more than five years.
Sept 19- Rite Aid Corp, the third-largest U.S. drugstore chain, raised its profit forecast for the current year after reporting a fourth straight quarterly profit, boosted by sales of higher-margin generic drugs. Rite Aid shares jumped 17 percent in premarket trading.
NEW YORK, Sept 18- Walgreen Co, the largest U.S. drugstore, is moving 120,000 employees to a private health insurance exchange where they can choose a plan from multiple insurers, a sign of the shifting landscape for corporate healthcare because of rising costs.
Sept 3- Two independent proxy advisory firms have recommended that Shoppers Drug Mart shareholders vote in favor of Loblaw Co Ltd's C $12.4 billion takeover offer, the Canadian pharmacy chain said on Tuesday. Shoppers is Canada's biggest drugstore chain, and Loblaw is the country's biggest grocery chain.
L'Oreal's rumored buyback of Nestle's 29.5 percent stake in the French cosmetics giant looked far from a done deal on Friday, with Jean-Paul Agon, chairman and CEO of L'Oreal, telling CNBC that the ball was in the Swiss food giant's court.
The Department of Justice will not block state marijuana laws if distribution is regulated, reports CNBC's Eamon Javers.
FINRA is issuing a new investor alert called "marijuana stock scams." CNBC's Mary Thompson offers insight.
Washington will tax pot anywhere from 25 to 50 percent at the production and processor level, another 25 percent at retail. CNBC's Jane Wells reports Washington says it could raise up to $2 billion in pot taxes over five years.
CNBC's Jane Wells reports from the River Rock Wellness Center in Denver, Colorado, where in 5 months legal medical cannabis will be able to be sold as recreational pot. Investors are hoping to cash in on the "green rush," she says.
Aug 14- Canadian grocer Metro Inc reported a fall in its quarterly sales and said it will close or convert 15 of its stores in Ontario to cut costs, sending its shares down 3 percent. The company, which runs Adonis ethnic food stores and the Brunet pharmacy chain, also said it has agreed to operate Target Corp's in-store pharmacies in Quebec.