The Wall Street Journal says a forecasting error at Walgreen cost the jobs of two top executives. CNBC's Jim Cramer says Walgreen CEO Gregory Wasson has done some amazing things at the company.» Read More
Sentiment on the ground isn't meshing with the official data when it comes to inflation.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. AT&T Inc. rose. 8 percent to $34.47 with 18,660,200 shares traded. Advanced Micro Devices Inc. rose. 5 percent to $4.12 with 27,070,400 shares traded.
NEW YORK— Shares of some top drugstore companies are up at 1 p.m.:. Rite Aid rose$. 05 or. 8 percent, to $6.04. Walgreen rose $1.33 or 2.2 percent, to $62.20.
NEW YORK— Shares of some top drugstore companies are mixed at 10 a.m.:. Rite Aid fell$. 06 or 1.0 percent, to $5.93. Walgreen rose$. 78 or 1.3 percent, to $61.65.
WASHINGTON, Aug 7- An influential U.S. senator is encouraging the Internal Revenue Service to stamp out deals that allow companies to relocate their headquarters overseas in search of lower tax rates.
*Expects key drug launches in fourth quarter despite FDA delay. Aug 7- Political opposition to tax-inversion deals will not stop Mylan Inc's purchase of some non-U.S. businesses from Abbott Laboratories, Chief Executive Heather Bresch said, even as some companies have backed away from such tax arrangements.
After Walgreen said no to inversion by opting to keep their headquarters in the U.S., CNBC's Meg Tirrell, discusses if anyone else will follow in their footsteps.
Applications for US unemployment benefits decline to 289 k; averages at pre-recession levels Global shares steady as European central banks keep rates on hold amid Ukraine concerns European Central Bank leaves rates unchanged; Draghi says bank monitoring geopolitical risks Wendy's profit rises as restaurant renovations, new menu items drive sales Costco sales at stores open at least a year up 5 pct. in July, a bit shy of Wall Street's view US mortgage giant Freddie Mac earns $1.4 B in 2 Q; will pay gov't $1.9 B Mortgage giant Fannie Mae posts $3.7 B profit in 2 Q; paying $3.7 B dividend to US Drugstore chain Walgreen's shares rally after Wednesday drop following Alliance Boots update Duke Energy 2 Q profit increases 80 percent, tops forecast Tandy Leather Factory key sales figure climbs 2 percent in July
Walgreen's stock recovered some of its value in premarket trading Thursday, a day after the drugstore chain disappointed investors when it detailed the next step in its Alliance Boots acquisition and dropped its earnings goal for the combined business.
Some of the names on the move ahead of the open.
Google and Barnes & Noble are joining forces to tackle Amazon, zeroing in on a service that Amazon has long dominated: fast, cheap delivery of books.
Marc LoPresti, Founding Partner, LoPresti Law Group, says Walgreen's decision to not shift its headquarters overseas after U.S. President Barack Obama's speech, is a "public relations move."
WASHINGTON, Aug 6- President Barack Obama said on Wednesday his administration plans to move quickly to curb what he called a "herd mentality" by companies doing business deals that help them escape U.S. corporate taxes, saying the practise was unfair to Americans.
President Barack Obama told a U.S.-Africa Leaders Summit that he wants to move quickly to curb tax inversions.
Walgreen had a conference call about why it's changed its mind about moving the company overseas and the stock sank. The "Fast Money" traders discuss what factors had to do with the drop.
NEW YORK, Aug 6- Major U.S. stock indexes ended little changed on Wednesday, as tensions in Ukraine and Russia and a failed merger between Sprint and T-Mobile offset gains in consumer staples shares.
Stocks fell Wednesday, with the S&P 500 at a two-month low, on unease about the standoff in Ukraine.
NEW YORK, Aug 6- U.S. stocks hovered near the unchanged mark on Wednesday in choppy trading as the potential for tension to escalate between Russia and Ukraine kept risk seekers in check.
Discussing Walgreen's decision to not reincorporate overseas and Washington's influence over corporate inversions, with CNBC contributors Jared Bernstein and Jim Pethokoukis.
*Russia has 20,000 troops on Ukraine border- NATO. NEW YORK, Aug 6- U.S. stocks rose on Wednesday after buyers stepped in as the S&P 500 hit a more than two-month low, but concern about an escalation of the Russia- Ukraine conflict and two nixed deals weighed on sentiment.