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Express Scripts Says It Is Open to Continue Negotiations with Walgreens
Tuesday, June 21, 2011 - 2:02pm | 104Express Scripts, Inc. (NASDAQ: ESRX) said today it is open to continued negotiations with Walgreens (NYSE: WAG) to make prescription drugs affordable and accessible for American families. "In these challenging economic times, it is critical that we all work together to keep medicines affordable...
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Walgreen's Down Sharply
Tuesday, June 21, 2011 - 11:36am | 300Walgreen Company (NYSE: WAG) shares are down more than 4% today, after the company reported quarterly earnings this morning, and said that its deal with Express Scripts (NASDAQ: ESRX) would stop. Walgreen's reported third quarter earnings of 65 cents per share on $18.37 billion in revenues. Wall...
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Walgreens Trading Over 6% Lower on Termination of Contract Negotiations
Tuesday, June 21, 2011 - 10:20am | 63Walgreens (NYSE: WAG) is trading over 6% lower on the session on the news that the company has terminated the contract negotiations with Express Scripts, Inc. (NASDAQ: ESRX). The shares are currently trading at $42.34. Walgreen Co. together with its subsidiaries, operates a drugstore chain in the...
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NASDAQ Stocks Hitting 52-Week Highs
Tuesday, June 21, 2011 - 10:16am | 139Universal Stainless & Alloy Products Inc (NASDAQ: USAP) shares rose 4.01% to create a new 52-week high of $42.28. Analysts at Davenport upgraded Universal Stainless & Alloy Products from “neutral” to “buy.” Hansen Natural Corporation (NASDAQ: HANS) shares gained 1.07% to create a new 52-...
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Florida Federal Court Dismisses Medical Monitoring Claims Against Philip Morris USA
Tuesday, June 21, 2011 - 10:15am | 40Philip Morris USA (NYSE: MO) said that a federal judge in Florida yesterday dismissed a medical monitoring class action case because plaintiffs failed to allege a legally proper claim for medical monitoring.
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Brian Sozzi Thinks Stocks May Rally Tomorrow On Big Ben
Tuesday, June 21, 2011 - 10:13am | 336Brian Sozzi of Wall Street Strategies is out with a research note on tomorrow's FOMC meeting, as well as press conference that Federal Reserve chairman Ben Bernanke will have after. Sozzi goes on to note that the Fed's view that inflation in commodity prices were "transitory" has been largely spot...
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News Summary
Tuesday, June 21, 2011 - 9:32am | 191Shares of Walgreen Co (NYSE: WAG) dropped about 5.7% after the company reported a 30% rise in its fiscal third-quarter profit on Tuesday. Walgreen's quarterly profit surged to $603 million, or $0.65 per share, from $463 million, or $0.47 per share, in the year-earlier period. Its sales increased to...
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Physicians Formula Holdings Announces Appointment of an Additional Independent Director to the Company's Board of Directors Effective July 1, 2011
Tuesday, June 21, 2011 - 8:33am | 269Physicians Formula Holdings (Nasdaq: FACE) today announced that it has appointed Bruce Kanter to join the Company's Board of Directors effective July 1, 2011. Mr. Kanter will be filling a Board vacancy created by the departure of Mr. Padraic Spence from the Company's Board on May 24, 2011. Mr....
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Benzinga's Top Pre-Market Losers
Tuesday, June 21, 2011 - 8:33am | 116Walgreen Co (NYSE: WAG) fell 5.05% to $42.90 in the pre-market session. WAG reported a 30% rise in its fiscal third-quarter profit Prospect Capital Corporation (NASDAQ: PSEC) dipped 4.49% to $10.20 in the pre-market session. PSEC reported that it is offering 10,000,000 shares of its common stock...
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Morgan Stanley Maintains Equal-Weight on CVS Caremark
Tuesday, June 21, 2011 - 8:13am | 132Morgan Stanley is out with its report today on CVS Caremark (NYSE: CVS), maintaining Equal-weight. In a note to clients, Morgan Stanley writes, "The California Public Employees' Retirement System announced after the close that it has awarded a 3 year contract worth $565M annually to CVS/ Caremark...
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News Summary for June 21, 2011
Tuesday, June 21, 2011 - 8:06am | 355This is your Benzinga news summary and traders' outlook for Tuesday, June 21, 2011, covering headlines from overnight and Tuesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading higher as the U.S. dollar is slightly lower this morning on optimism of a...
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10 Stocks Trading at a Huge Discount
Tuesday, June 21, 2011 - 8:01am | 585To Subject Sent Size Categories adam@shareplanner.com FW: {Disarmed} joseph pusateri canceled automatic payments to you Sun 9:08 PM 24 KB adam@shareplanner.com FW: {Disarmed} You received a payment Sun 9:07 PM 27 KB adam@shareplanner.com FW: {Disarmed} You received a payment Sun 9:06 PM 27 KB adam@...
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UPDATE: Walgreen Reports 30% Surge In FQ3 Profit
Tuesday, June 21, 2011 - 7:51am | 81Walgreen Co (NYSE: WAG) reported a 30% rise in its fiscal third-quarter profit on Tuesday. Walgreen's quarterly profit surged to $603 million, or $0.65 per share, from $463 million, or $0.47 per share, in the year-earlier period. Its sales increased to $18.37 billion from $17.2 billion. However,...
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J.P. Morgan Raises PT On DF To $13
Tuesday, June 21, 2011 - 7:42am | 131J.P. Morgan is raising its price target on Dean Foods (NYSE: DF) from $12 to $13 as it looks forward to next year for the company. In the report, J.P. Morgan writes, “We are nipping our second quarter estimate by $0.02, to $0.18, to reflect a slightly lower operating margin assumption on the...
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UPDATE: Walgreen Co. Reports 38.3% Increase in Q3 Diluted Earnings Per Share
Tuesday, June 21, 2011 - 7:42am | 239Walgreen Co. (NYSE: WAG) (NASDAQ: WAG) today announced record earnings and sales for the third quarter of fiscal year 2011. Net earnings per diluted share for the quarter ended May 31 increased 38.3 percent to 65 cents, compared with 47 cents per diluted share in the year-ago quarter. This year's...