U.S. stocks closed higher, recovering from the prior day's selloff, as investors eyed higher Treasury yields and looked for signs of economic growth.» Read More
BALTIMORE— CVS Health says it will rebuild its store locations that were badly damaged by fire last week during protests in Baltimore. CVS Health President and CEO Larry Merlo said Wednesday he can't say exactly when damaged stores will reopen, but CVS is working to reopen them as soon as possible. CVS has nearly 30 stores and more than 500 employees in Baltimore.
NEW YORK— Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:. LinkedIn Corp., down $46.92 to $205.21. Daniel Loeb's Third Point hedge fund says it has taken a stake in the parent of KFC, Taco Bell and Pizza Hut and thinks it could soon recover from years of trouble in China.
May 1- CVS Health Corp reported higher-than-expected quarterly results on Friday, helped by increased revenue from its specialty pharmacy services and increased claim processing. CVS, the No. 2 U.S. drugstore operator, also raised the low end of its 2015 profit forecast to $5.08 a share from $5.05 before special items, while keeping the high end at 5.19.
May 1- CVS Health Corp, the No.2 U.S drugstore operator, reported a better-than-expected quarterly profit on Friday, helped by higher revenue from its specialty pharmacy services and an increase in pharmacy network claims. CVS also tightened its 2015 adjusted profit forecast to $5.08- $5.19 per share from $5.05- $5.19. The number of pharmacy network claims CVS...
Pricey specialty drugs are helping CVS Health thrive after kicking tobacco sales, with revenue from the treatments pushing first-quarter earnings well above Wall Street expectations for the drugstore chain and pharmacy benefits manager. Insurers and other bill payers are looking more for help from companies like CVS Health to corral that cost.
May 1- CVS Health Corp, the No.2 U.S drugstore operator, reported an 11 percent rise in quarterly net revenue, helped by higher revenue from specialty pharmacy services and an increase in pharmacy network claims. The company's net income rose to $1.22 billion, or $1.07 per share, in the first quarter ended March 31, from $1.13 billion, or 95 cents per share, a year...
Stocks typically score gains about half the time in the month of May. That compares to positive returns 75 percent of the time in April.
BALTIMORE— Richard Sung Kang's American dream came crashing down in a shower of broken glass. His West Baltimore liquor store and bar, the Oxford Tavern, was hit by looters during a riot over the police-involved death of neighborhood resident Freddie Gray. About 200 small businesses were unable to open the day after the violence, Maryland Gov.
April 30- Pharmacy service provider Omnicare Inc is getting buyout interest from potential buyers, including Express Scripts Holding Co and CVS Health Corp, Bloomberg reported, citing people with knowledge of the matter. Omnicare is working with Bank of America Corp and Centerview Partners to explore options including a sale, the report said.
WASHINGTON— Institute for Supply Management releases its manufacturing index for April, 10 a.m.. WASHINGTON— Commerce Department releases construction spending for March, 10 a.m.. CVS Health Corp. reports quarterly financial results before the market opens.
Very low jobless claims may be a sign that March's low employment report will be revised upward.
NEW YORK— Shares of some top drug benefits companies were down at the close of trading:. CVS Health Corp. fell $1.30 or 1.3 percent, to $100.67. Express Scripts Holding Co. fell $2.71 or 3.1 percent, to $84.79.
CVS Health Corp. fell $1.30 or 1.3 percent, to $100.67. Rite Aid fell$. 22 or 2.7 percent, to $7.91. Walgreen Boots Alliance Inc. fell $1.51 or 1.8 percent, to $84.57.
NEW YORK— Shares of some top drug benefits companies are down at 1 p.m.:. CVS Health Corp. fell $1.37 or 1.3 percent, to $100.60. Express Scripts Holding Co. fell $2.75 or 3.1 percent, to $84.75.
CVS Health Corp. fell $1.37 or 1.3 percent, to $100.60. Rite Aid fell$. 21 or 2.6 percent, to $7.92. Walgreen Boots Alliance Inc. fell $1.48 or 1.7 percent, to $84.60.
U.S. GDP figures stalled last quarter, setting up a winning short-term trade in certain sectors and slices of the stock market.
CVS Health Corp. fell$. 12 or. 1 percent, to $101.85. Rite Aid fell$. 08 or 1.0 percent, to $8.05. Walgreen Boots Alliance Inc. fell$. 54 or. 6 percent, to $85.54.
NEW YORK— Shares of some top drug benefits companies are down at 10 a.m.:. CVS Health Corp. fell$. 12 or. 1 percent, to $101.85. Express Scripts Holding Co. fell$. 71 or. 8 percent, to $86.79.
NEW YORK— Shares of some top drug benefits companies were up at the close of trading:. CVS Health Corp. rose$. 75 or. 7 percent, to $101.97. Express Scripts Holding Co. rose$. 66 or. 8 percent, to $87.50.
CVS Health Corp. rose$. 75 or. 7 percent, to $101.97. Rite Aid rose$. 04 or. 5 percent, to $8.13. Walgreen Boots Alliance Inc. fell$. 04 or percent, to $86.08.