2015 was a record year for mergers. Here's what the research reveals about how 2016 will compare, says Matt Porzio.» Read More
A recent wave of megamergers is a sign that companies are on the defensive, a NYSE trader said on Thursday.
The candidates' position on Obamacare will be "very important" to 41 percent of voters, according to an insuranceQuotes.com survey.
*Walgreens, Rite Aid have overlap in northeastern U.S.- analysts. Walgreens ranks first and Rite Aid third by number of stores, either side of CVS Health Corp.. Several analysts and antitrust lawyers said the deal would probably pass regulatory muster provided some stores were divested, especially in the northeastern United States, where Walgreens and Rite Aid...
*Walgreens, Rite Aid have 25 pct overlap in northeastern U.S.- analysts. Walgreens' offer to buy Rite Aid for $9.4 billion, excluding debt, could face intense regulatory scrutiny as the deal seeks to unite two of the three top drugstore chains in the United States. Walgreens is the No. 1 U.S. chain by number of stores, followed by CVS Health Corp. Rite Aid ranks third.
Oct 28- Pharmacy benefit manager Express Scripts Holding Co said the potential risk of liver injury from AbbVie' hepatitis C treatments will not impact the availability of the treatment for patients for whom it is safe and effective. The Food and Drug Administration said last week AbbVie Inc had identified cases of hepatic decompensation and liver failure in...
Oct 28- Wall Street was set to open higher on Wednesday as investors await the Federal Reserve's latest policy statement, while Apple's strong results allayed some concerns about its business in China. Apple sold 48 million iPhones in the quarter and reported a near doubling of revenue from China. The issues they talked about in September are still there, "said...
Some of the names on the move ahead of the open.
Walgreens in April launched a plan to cut $1.5 billion in costs by the end of fiscal 2017, which would include store closures and freezing salary hikes for senior U.S. executives. Walgreens and Duane Reade stores open at least a year rose 6.4 percent, benefiting from higher purchases per buyer. Excluding items, Walgreens earned 88 cents per share.
*Apple sold 48 million iPhones in the quarter and reported a near doubling of revenue from China, allaying some concerns about its business in the world's second-largest economy. *Companies reporting before the opening bell on Wednesday include Fiat Chrysler and General Dynamics. *Amgen, GoPro and PayPal will post results after the close.
Oct 28- Drugstore operator Walgreens Boots Alliance Inc, which agreed to buy smaller rival Rite Aid Corp on Tuesday, reported better-than-expected quarterly net sales, helped by higher prescription sales. Net income attributable to the largest U.S. drug store chain was $26 million, or 2 cents per share, in the fourth quarter ended Aug. 31, compared with a loss of...
Central bankers are expected to leave the door open for an interest rate hike in December.
Walgreens' acquisition of Rite Aid would combine two of the largest U.S. drugstore chains.
Jim Cramer outlines how expectations for earnings can impact the direction of a stock, not the earnings! Especially for Apple.
*Rite Aid surges on reports Walgreens in buyout talks. Nasdaq 100 e-mini futures also edged up after Apple's results. "Both earnings and revenues were above expectations, which I think was well embraced based on the fact that a lot of companies have been struggling on the top line," said Daniel Morgan, senior portfolio manager at Synovus Trust Company, which owns...
This is all about cost savings, driven by Affordable Care Act.
The deal, which could be announced Wednesday, would combine the second-and-third largest U.S. drugstore chains, according to reports.
U.S. stocks closed mildly lower, under some pressure from economic data, as investors awaited key earnings reports and Wednesday’s Fed statement.
*Rite Aid surges on reports Walgreens in buyout talks. Shares of Apple were down 0.5 percent at $114.68 ahead of its results after the close. Investors will watch for the iPhone maker's China sales and its forecast for the crucial holiday quarter.
Jim Cramer gives his take on caller favorite stocks, including this popular play on drug stores.
Albertsons said on Friday that it expected to price 65.3 million shares at between $23 and $26 each, valuing the company at up to $12.35 billion. Albertsons, the second-largest U.S. grocer after Kroger Co by number of stores, highlighted in a filing that it also faced a growing threat from online grocery stores. "It's only going to get worse for Albertsons," David...