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Food and Beverage Food and Staples Retailing

  • Oct 26- Amazon.com Inc on Thursday said its sales surged over the summer and profit trounced expectations, as shoppers jumped at "Prime Day" promotions on its website and bought groceries at its newly acquired chain of Whole Foods Market stores. It acquired Whole Foods for $13.7 billion in August to help it deliver groceries to shoppers' doorsteps.

  • Oct 26- Amazon.com Inc on Thursday said its sales surged over the summer and profit trounced expectations, as shoppers jumped at "Prime Day" promotions on its website and bought groceries at its newly acquired chain of Whole Foods Market stores. It acquired Whole Foods for $13.7 billion in August to help it deliver groceries to shoppers' doorsteps.

  • The world's largest online retailer said net income rose to $256 million, or 52 cents per share, in the third quarter ended Sept. 30, from $252 million, or 52 cents per share, a year earlier. The company's net sales rose 33.7 percent to $43.74 billion from $32.71 billion. The quarter included about a month of sales for upscale grocer Whole Foods, which Amazon acquired...

  • Oct 26- Drug retailer CVS Health Corp is in talks to buy health insurer Aetna Inc, the Wall Street Journal reported on Thursday, citing sources. Aetna's shares closed up 11.5 percent at $178.60, after hitting $184.98. Aetna had a market cap of $53.2 billion as of Wednesday's close, according to Thomson Reuters data.

  • TORONTO, Oct 26- Sears Canada's liquidation sales, which began last week, have disappointed early bargain seekers, but steeper discounts expected further into Canada's holiday shopping season are likely to squeeze rivals, analysts say. The two are Canada's biggest listed homegrown non-grocery department store chains. "In the short term, when the discounts are...

  • Oct 25- U.S. drugstore chain Walgreens Boots Alliance Inc's quarterly profit and revenue beat Wall Street estimates, as the company filled millions of more drug prescriptions thanks to newly won contracts from pharmacy benefit managers. The company last year snatched a contract from larger rival CVS Health Corp to fill prescriptions for Tricare, a...

  • Oct 25- U.S. drugstore company Walgreens Boots Alliance Inc's profit fell 22 percent in the fourth quarter, hurt mainly by a more than $300 million fee it paid Rite Aid Corp after their failed attempt to merge. Net income attributable to Walgreens fell to $802 million or 76 cents per share in the quarter ended Aug. 31, from $1.03 billion, or 95 cents per share, a year...

  • SYDNEY, Oct 25- Australia's biggest company by revenue, retail-to-coal giant Wesfarmers Ltd, posted sluggish first-quarter supermarket sales growth on Wednesday and said earnings from its newly-acquired British hardware stores had plunged. In Britain and Ireland, sales slumped 17.5 percent at Homebase hardware stores, which Wesfarmers bought for A $705...

  • Oct 24- Express Scripts Holding Co on Tuesday said its Chief Financial Officer Eric Slusser has resigned and named James Havel as his successor, effective Oct 25. The company said net profit attributable to Express Scripts rose to $841.7 million, or $1.46 per share, in the third-quarter ended Sept. 30, from $722.9 million, or $1.15 per share, a year earlier.

  • *France renowned for butter-rich products like croissants. PARIS, Oct 24- France is running short of butter, with some supermarket shelves sitting empty and the price of croissants on the rise, creating a headache for the government just as it tries to make the food chain fairer for farmers. As a consequence France has been caught short.

  • Chipotle Mexican Grill Queso.

    As popular as queso may be, analysts say Chipotle's new menu addition did not provide the boost executives wanted.

  • Anthem said it would save $4 billion annually in the new contract with drug retailer CVS Health Corp, which will handle prescription fulfillment and claims processing starting in 2020 for five years for the new company, called IngenioRX. Anthem shares rose 3.1 percent, or $5.93, to $193 in Wednesday afternoon trading, while CVS shares were up 2.3 percent at...

  • Anthem, which sued the pharmacy benefit manager last year over claims of being overcharged by $3 billion annually, said it would use drug retailer CVS Health Corp to handle prescription fulfillment and claims processing for five years for the new company, called IngenioRX. Leerink analyst Ana Gupte estimated that No.2 health insurer Anthem's prescription...

  • Anthem, which has said Express Scripts overcharged it by $3 billion annually through unfavorable prices, said it would use drug retailer CVS Health Corp to handle prescription fulfillment and claims processing for five years for the new company, called IngenioRX. Leerink analyst Ana Gupte estimated that No.2 health insurer Anthem's prescription business...

  • Oct 18- Health insurer Anthem Inc said on Wednesday it signed a five-year agreement with drug retailer CVS Health Corp to support its newly launched pharmacy benefit management business. The news comes at a time when Anthem is close to expiration of its current contract with pharmacy benefit manager Express Scripts Holding Co.. Shares of CVS Health were up 1.6...

  • LOS ANGELES/ NEW YORK, Oct 18- Most U.S. shoppers are fiercely loyal to local food stores, calling them better than online options, according to a new Reuters/Ipsos poll that raises questions about how much Amazon.com' s $13.7 billion purchase of Whole Foods will shake up the supermarket business. She shops at BJ's Wholesale Club, ShopRite and Food Lion, even though...

  • Oct 18- Drug retailer CVS Health Corp said on Wednesday it entered into an agreement with Anthem Inc to provide services to the health insurer's newly launched pharmacy benefit management business, IngenioRx.

  • Filling the gaps in the organic food landscape will be key for Rodrigo Troni as he as he takes over as CEO of Sky Valley Foods.

  • JOHANNESBURG, Oct 17- South African supermarket operator Pick n Pay reported a drop in half-year earnings after cutting jobs as part of an intensifying price battle with rivals in a stalling economy. Grocers in Africa's most advanced economy, which include Shoprite and Woolworths, have been under pressure to keep prices low as cash-strapped consumers reel...

  • LONDON, Oct 16- Discount supermarket Lidl UK said on Monday it would create 500 jobs with a new warehouse in Peterborough, central England, as it continues its rapid expansion in Britain. The firm said the new warehouse, which requires planning consent, forms part of its plan to invest 1.45 billion pounds in Britain in 2017-18.. Lidl, owned by Germany's Schwarz...