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Rite Aid Corp

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  • WASHINGTON— They're called managers, and they sometimes work grueling schedules at fast food chains and retail stores. "We've got to keep making sure hard work is rewarded," President Barack Obama wrote in an op-ed published Monday in The Huffington Post. Employers can now often get around the rules: Any salaried employee who's paid more than $455 a week— or $23,660...

  • June 25- Rite Aid Corp's shareholders on Thursday voted in favor of a proposal to change the terms of payments to its CEO and other top executives in case the drugstore operator is taken over, supporting a union-backed investor group over the company's board. Rite Aid CEO John Standley stands to receive $42 million, including $31.6 million through the...

  • June 25- Drugstore operator Rite Aid Corp's shareholders on Thursday voted to change the terms of payment for its chief executive's golden parachute, supporting a union-backed investor group over the company's board. Rite Aid CEO John Standley stands to receive $42 million if he loses his job in the event of the company being taken over, including $31.6...

  • Pier 1 and Oracle are big market movers Thursday, 18 Jun 2015 | 6:17 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:. Pier 1 Imports Inc., down 1 cent to $12. Oracle Corp., down $2.17 to $42.74.

  • *Oracle falls after forecast disappoints. June 18- Wall Street was set to rise at the open, a day after the Federal Reserve said the U.S. economy is likely strong enough to withstand an interest rate hike later this year but hinted that the pace of a hike will be slower that expected. In a press conference following the end of the Fed's two-day policy meeting on...

  • June 18- Rite Aid Corp on Thursday lowered its full-year profit outlook after reporting worse-than-expected first-quarter earnings hurt by interest costs and taxes related to a pending acquisition. Rite Aid, which sells over-the-counter drugs, personal care items and food and beverages, said total revenue rose 2.8 percent to $6.6 billion, with...

  • *In a press conference following the end of the Fed's two-day policy meeting on Wednesday, Fed Chair Janet Yellen said she wanted "more decisive evidence" that labor markets were healing, and that wages would increase beyond their current "subdued pace." *Separately, the Commerce Department issues current account data for the first quarter. The deficit is expected...

  • Rite Aid same-store sales miss estimates Thursday, 18 Jun 2015 | 7:16 AM ET

    June 18- Rite Aid Corp, the No.3 U.S. drugstore chain operator, reported slower-than-expected quarterly same-store sales growth as the introduction of new generic drugs hurt pharmacy sales. Net income more than halved to $18.8 million, or 2 cents per share, in the quarter, from $41.4 million, or 4 cents per share, a year earlier. The fall in net income was mainly due to...

  • Rite Aid's first-quarter earnings tumbled 55 percent, mainly on costs tied to a $2 billion acquisition, and the drugstore chain lowered its 2016 profit forecast. Rite Aid announced that deal in February, steering the chain toward a potentially lucrative field for health care companies. Rite Aid also expects EnvisionRx, based in Twinsburg, Ohio, to help it fill...

  • CVS Health launches health, beauty makeover for drugstores Wednesday, 17 Jun 2015 | 11:36 AM ET

    CVS Health Corp. executives say these changes reflect customer demand. The push from CVS reflects similar expansions by rivals Walgreens Boots Alliance Inc. and Rite Aid Corp. into selling healthier foods and more beauty items. "Health and beauty, in particular, is very high profit margin, and CVS has always been a leader there," said Jeff Jonas, a portfolio...

  • The higher your age, the lower the price Friday, 12 Jun 2015 | 10:16 AM ET
    Senior couple boomers home retirement

    Here are some of the Top Best Most wonderful discounts for seniors.

  • Cramer Remix: When to buy Rite Aid's stock Friday, 5 Jun 2015 | 7:22 PM ET
    Jim Cramer on Mad Money.

    “Mad Money” host Jim Cramer calls out his price to buy a hot stock in the healthcare business.

  • SAN FRANCISCO, June 3- Medications-by-mail company PillPack said it had raised $50 million in funding, underscoring the continuing appeal of healthcare companies to venture capital backers. PillPack is taking on established U.S. pharmacies such as CVS, Rite-Aid and Walgreens, betting its tweaks, such as delivering rolls of individual-dose packs labeled by...

  • Cramer: Hot hot hot! Growth plays that will sizzle Monday, 1 Jun 2015 | 6:44 PM ET
    A woman on an escalator in a Walgreens store in New York.

    Jim Cramer kicks off his healthcare hot list with one scorching name that does well in a slow growth economy.

  • Cramer Remix: Why you need to avoid Chinese stocks Thursday, 21 May 2015 | 7:24 PM ET
    Jim Cramer on Mad Money.

    Is your portfolio exposed to issues overseas? “Mad Money” host Jim Cramer has answers.

  • Cramer: Mergers that could unlock riches for you Thursday, 21 May 2015 | 6:35 PM ET
    Pedestrians walk by a CVS store in San Francisco.

    Jim Cramer considers this group to be the single best out there, and it's ready to pull off some big deals.

  • Financials, economy & Rite Aid lead trades to go Thursday, 21 May 2015 | 3:32 PM ET

    What the "Halftime Report" traders are watching during the second half.

  • *Deal values Omnicare at $12.7 bln, including $2.3 B debt. May 21- Drugstore operator CVS Health Corp said Thursday it will spend $10.1 billion to buy Omnicare Inc, a company that supplies prescription medicines to nursing, assisted living and other healthcare facilities. They could renegotiate their supply contracts given the volume, "said FBR analyst Steven...

  • *Deal values Omnicare at $12.7 bln, including $2.3 bln debt. May 21- CVS Health Corp, the second-largest U.S. drugstore operator, said on Thursday it will buy pharmacy services provider Omnicare Inc for $10.1 billion to expand in the growing market serving the senior patient population. CVS offered $98 per Omnicare share, representing a premium of 4 percent to...

  • 13 wacky and original ideas raising millions Friday, 15 May 2015 | 11:30 AM ET
    Magnifying glass over illustration of lightbulb in head

    Hundreds of noteworthy new businesses had to be turned away from the 2015 CNBC Disruptor 50 list. Here's a look at the honorable mentions.