Taper talk sets in as traders question whether the Federal Reserve will slow down its stimulus program in December.» Read More
CVS Caremark said on Thursday quarterly profit more than doubled, topping Wall Street's expectations, aided by the addition of Caremark's pharmacy benefits business and new stores.
Many analysts are facing this week's flood of earnings with a healthy dose of skepticism, knowing that results will once again have to exceed Wall Street's expectations to continue the market's advance. The earnings parade comes as the Dow Jones Industrial Average and the S&P 500 trade at record highs with the blue-chip index touching 14,000 for the first time. But rally aside, analysts believe there are still issues hanging over the market, which have caused a large share of the volatility since June.
Pharmacy chain Walgreen said it will buy Option Care for $19.50 a share in a deal that has an enterprise value of $850 million, including debt.
In a sign of the growing influence that restaurants have on how and where consumers spend their money, a major retail trade group has included for the first time six restaurant companies on its list of the top 100 retailers, released on Friday.
Rite Aid, the third-largest U.S. drugstore chain, posted a higher quarterly profit Thursday as an income tax benefit and a gain on asset sales offset acquisition costs.
Stocks ended lower as investors were rattled by concerns regarded leveraged mortgage securities held by two Bear Stearns hedge funds. "We will see a splash near term as some of these funds need to unwind positions in paper that really isn't traded too much," said Jack Ablin of Harris Private Bank.
Investors will soon have earnings to add to their watch list, but unlike interest rates and energy prices they may yield a positive surprise. Though interest rates and subprime worries have rattled stocks lately, corporate profits will also be closely watched in the coming weeks. And many market pros think that--like the first quarter--the results will come in above unrealistically low forecasts.
Cramer’s breaking out his trusty Shakira Theorem to explain aristocrat stocks – those companies that have increased their dividends every year for the past 25 years. Owning these kinds of stocks is like being born into old money: they keep paying you more every year to do nothing. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Saks, Acadia Pharma, Geron, Harley Davidson, Walgreen and more...Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Walgreen, the nation's largest drugstore chain by revenue, on Monday said fiscal second-quarter net income rose nearly 25% as sales at established stores increased on the strength of a strong retail prescription business.
Week two is now in the books. So--what can contest players do to get the edge in the game this week? Friday night's hour long special on CNBC "How To Win," provided some interesting picks and strategies. We'll be posting some excerpts from the show througout today.
For the first Lightning Round of the Cramer's third year, he fires off advice on Disney, Ameriprise, Walgreen and more...
Former AOL boss Steve Case tells Maria Bartiromo about the big opportunities in helping consumers find a trusted name in a troubled field. Case has launched Revolution Health Group in a bid to redefine a business and is teaming up with some top retailers to do it. (More)
Rite Aid shareholders overwhelmingly approved a nearly $3 billion deal to buy more than 1,800 Brooks and Eckerd stores and become the largest drugstore operator on the East Coast.
Wayne Best tells CNBC's Michelle Caruso-Cabrera that card redemptions by "the cautious consumer" will boost sales volume in the week following Christmas.
Tokyo stocks closed almost flat on Christmas Day. Trade was thin, with participants citing the holidays in overseas markets.
Stocks bucked a trend and closed lower on the last session before the Christmas holiday on investor concerns about a slower economy.
The shareholders' motion filed Thursday evening claims that Caremark board members will personally benefit from the CVS deal and have entered into a strict merger agreement that keeps them from seeking out the best deal for shareholders.
Profit was $431.7 million, or 43 cents a share, in the fiscal first quarter ended Nov. 30, compared with $345.6 million, or 34 cents a share, a year earlier.
Freeman tells CNBC's Carl Quintanilla why consumer confidence will soften and housing inventories will improve in 2007 in an interview only on cnbc.com’s home page.