NEW YORK (AP) — Stocks that moved substantially or traded heavily on Thursday:
Tesla Inc., down $7.64 to $268.42
The electric car maker and partner Panasonic are putting on hold plans...
Rite Aid gets OK for plan to boost flagging stock price
Rite Aid shareholders have backed a plan to lift the struggling drugstore chain's stock price and keep it from being kicked off the New York Stock Exchange.
Rite Aid: Fiscal 3Q Earnings Snapshot
CAMP HILL, Pa. (AP) _ Rite Aid Corp. (RAD) on Wednesday reported a fiscal third-quarter loss of $4.5 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Camp Hill, Pennsylvania-based company said it had a loss of less than 1 cent. Earnings, adjusted for one-time gains and costs, came to 1 cent per share.
The drugstore chain posted revenue of $5.45 billion in the period.
Rite Aid: Fiscal 2Q Earnings Snapshot
CAMP HILL, Pa. (AP) _ Rite Aid Corp. (RAD) on Thursday reported a fiscal second-quarter loss of $359.1 million, after reporting a profit in the same period a year earlier.
The Camp Hill, Pennsylvania-based company said it had a loss of 34 cents per share. Losses, adjusted for one-time gains and costs, came to 1 cent per share.
The drugstore chain posted revenue of $5.42 billion in the period.
Walgreens tops 3Q forecasts, hikes dividend but stock sinks
Walgreens gave investors a better-than-expected third quarter, raised its dividend and detailed a big share buyback Thursday. None of this seemed to matter once markets opened.
Shares of the nation's largest drugstore chain and its competitors tanked after Amazon.com took another step into their territory by announcing the purchase of PillPack, a relatively new online pharmacy that offers pre-sorted prescription dose packaging and home delivery.
Rite Aid: Fiscal 1Q Earnings Snapshot
CAMP HILL, Pa. (AP) _ Rite Aid Corp. (RAD) on Wednesday reported fiscal first-quarter net income of $214.4 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Camp Hill, Pennsylvania-based company said it had profit of 20 cents. Losses, adjusted to account for discontinued operations, came to 1 cent per share.
The drugstore chain posted revenue of $5.39 billion in the period.
Gap and Walmart slump while NXP and Rite Aid rise
NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday:
Rite Aid Corp., up 7 cents to $2.20
Grocery store company Albertsons agreed to buy more than 2,500 of Rite Aid's remaining stores.
Gap Inc., down $1.66 to $31.61
The retailer said Jeff Kirwan, the CEO of the Gap brand, is leaving the company.
Walmart Inc., down $10.67 to $94.11
The retailer posted a smaller-than-expected profit as growth in online sales slowed.
Alberstons to buy Rite Aid in cash-and-stock deal
Grocer Albertsons Cos. will buy drugstore chain Rite Aid Corp. in a deal that would accelerate the remaking of the U.S. retail and health care industries.
Rite Aid reaches $4M settlement over pseudoephedrine sales
CHARLESTON, W.Va. (AP) — Rite Aid Corp. has agreed to pay $4 million to settle a federal investigation in West Virginia of the drug store chain's sales of pseudoephedrine, a cold medication ingredient used illegally in homemade methamphetamine labs, prosecutors said Wednesday.
Walgreens to shutter 600 stores as part of Rite Aid deal
Walgreens plans to close about 600 drugstores as it completes a $4.38 billion deal to buy nearly 2,000 from rival Rite Aid.
Company spokesman Michael Polzin said Wednesday that most of the closings will be Rite Aid stores, and the vast majority will be within a mile of another store in the Walgreens network.
Kermit Crawford gets executive position at Rite Aid
Rite Aid Corp. on Thursday announced Kermit Crawford, a former executive with Walgreens Co., is joining the drugstore chain as president and chief operating officer, effective Oct. 5.
He will report to chairman and CEO John Standley at the pharmaceutical retailer based in Camp Hill, near Harrisburg, Pa.
DexCom and Rite Aid tumble while Abbott and AbbVie rise
NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday:
Abbott Laboratories, up $1.49 to $53.64
Regulators approved Abbott's new blood glucose monitoring system.
Hain Celestial Group Inc., up 28 cents to $40.71
The tea and seasonings company ended a dispute with an investor by naming six new directors to its board.
McCormick & Co., up $5.20 to $101.65
The spice maker raised its annual forecasts after its quarterly results surpassed Wall Street estimates.
Rite Aid posts 2nd-quarter profit, names new president
NEW YORK (AP) — Rite Aid Corp. reported a second-quarter profit on a hefty merger-related fee, though revenue fell as the drugstore chain again tries to move forward with a sale to Walgreens.
Rite Aid also said a former Walgreens executive is joining the company as president and operating chief.
Bob Evans and Progressive rise; Rite Aid and Centene skid
NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday:
Synchronoss Technologies Inc., down $6.93 to $9.82
The mobile services company said Siris Capital Group is no longer interested in buying it.
Rite Aid Corp., down 33 cents to $2.40
Regulators approved a deal in which Walgreens will buy 1,932 Rite Aid stores, fewer than the companies had planned.
Walgreens, Rite Aid trim store purchase deal to $4.38B
Walgreens and Rite Aid have finally devised a deal between the nation's largest and third-largest drugstore chains that will get past antitrust regulators.
The companies said Tuesday that they have Federal Trade Commission clearance for a slimmer version of a store-purchase agreement announced in June. Walgreens will now spend $4.38 billion on 1,932 stores, three distribution centers and inventory.
GNC Holdings names Ken Martindale CEO
NEW YORK (AP) — GNC Holdings Inc. named Ken Martindale its new CEO, a year after Michael G. Archbold resigned amid a company-wide strategic review process.
The Pittsburgh-based nutritional supplements company has been lead in the interim by Robert F. Moran, who will remain as non-executive chairman of the board of directors.
GNC said Wednesday Michael F. Hines will step down as chairman, but remain on the board of directors. The changes are effective Sept. 11.
Walgreens ends its attempt to buy Rite Aid
NEW YORK (AP) — Walgreens has ended its takeover pursuit of rival Rite Aid following resistance from U.S. regulators and will instead now buy stores, distribution centers and inventory in a new deal.
The proposed merger, first announced in 2015, was initially for about $9.4 billion but was whittled down to about $6.8 billion earlier this year.
Maine lawmakers consider raising smoking age to 21
AUGUSTA, Maine (AP) — A Maine Republican's bill to raise the minimum age to purchase tobacco products to 21 is headed to the House.
The Maine Senate on Thursday voted 31-4 against an effort to kill the bill.
The bill also expands the definition of tobacco products to include electronic smoking devices.
Lillie B. Thomas, 80, member of West Oak Lane Church of God
Lillie B. Thomas, a faithful member of West Oak Lane Church of God, died on Thursday, May 11, 2017. She was 80.
She was born on Aug. 21, 1936 to the late Legree and Lillie Wilson in Adel, Ga. She graduated from the Georgia school system.
She married Clarence E. Thomas on May 4, 1952 and three children were born to their union. They later moved to Philadelphia where Clarence enlisted into the service. They soon divorced.
Walgreens posts strong 4Q earns, but delays Rite Aid deal
Walgreens Boots Alliance earnings topped $1 billion during the fourth quarter, easily surpassing analyst expectations, but the drugstore giant also announced a delay in closing its latest megadeal.
The company said Thursday that it expects to wrap up its $9.4-billion purchase of rival Rite Aid Corp. early next year, rather than by the end of 2016. Walgreens leaders then cautioned analysts against reading too much into the delay.
Rite Aid 2Q profit drops on higher costs, revenue rises
NEW YORK (AP) — Rite Aid Corp. on Thursday reported a drop in fiscal second-quarter profit as higher costs weighed down a boost in revenue.
Walgreens Boots Alliance Inc. is in the process of buying Rite Aid for $9.41 billion. The deal would make the nation's largest drugstore chain even larger and pit it against rival chain CVS in key markets.