Drug Retail

Drugstore chain Walgreen Co. (NYSE: WAG) announced that it had reached a deal with affiliates of Oak Hill Capital Partners to purchase Duane Reade Holdings Inc. from them for about $1.08 billion, including taking on the drugstore company's debt. Duane Reade Holdings operates 257 drugstores in the...

Well back in the summer I exclaimed Shoppers Drug Mart should increase their dividend! They did just that today as they hiked their payout 5%. Apparently this was in line with their earnings growth this year and makes their pay out ratio of 33% 'sector leading'. That is a higher pay out ratio...

Stocks took another plunge Monday with the Dow average closing below 10,000 for the first time in three months as lingering worries about European government finances and a potential regulation spooked investors.  In a sign that sentiments remain jittery, some better-than-expected profit reports...

Big retail chains are now experimenting with smaller formats. According to CNBC, Wal-Mart (NYSE: WMT) has opened four Marketside stores in Phoenix. Marketside stores are smaller than regular Wal-Mart stores. Similarly, Big Lots (NYSE: BIG) has also opened four smaller stores. However, these big...

Drugstore operator CVS Caremark Corporation (NYSE: CVS) reported a rise in 4th quarter profits of 11%, news of which sent shares up more than 5%. CVS Caremark Corporation's 4th quarter net income climbed to $1.05 billion, or 74 cents per share, from $949 million, or 65 cents per share, for the same...

Stocks have been trading unpredictably over the past four weeks as investors are on the lookout for signs of stability in the global economic recovery. Over the past couple of weeks, concerns surrounding the unmanageable level of debt for Greece, Spain and Portugal and China’s decision to take...

The fourth-quarter earnings of CVS Caremark Corp (NYSE: CVS) rose 10%, driven by stronger sales at its pharmacy businesses. However, CVS saw just a small rise in its front-of-the-store sales during the past three months. CVS said that its profits for the quarter came at $1.05 billion, or $0.74 a...

• CVS Caremark (NYSE:CVS) posted fourth quarter adjusted earnings of 79 cents, one cent better than Zacks estimates, on revenues of $25.8 billion, which missed Zacks estimates of $26.35 billion • Hasbro (NYSE:HAS) posted fourth quarter earnings of $1.09, versus Zacks estimates of 81 cents a share...

CVS Caremark Corporation (NYSE: CVS) reported today a fourth-quarter net income of $1.05 billion, or $0.74 per share, as compared to $949 million, or $0.65 per share, for the same quarter last year. Net revenue increased by $1.7 billion to $25.8 billion for the quarter. Analysts expected CVS to...

UBS (NYSE: UBS), battered by a US tax evasion probe, is set to reorganize its US wealth management unit. In the shakeup, the company can possibly sell PaineWebber, which a company executive calls a "non-core" business. Google (NASDAQ: GOOG) has sold only 80,000 Nexus One phones in its first month...

CVS Caremark (NYSE: CVS) has been drifting higher over the past three months, filling a gap that formed in November of last year when earnings heavily disappointed the Street. We have seen a little insider buying over the same period, indicating that management thought that the bad quarter was...

Epoch Holding (NASDAQ: EPHC) shares closed at $10.28, down 5.95%. EPHC had raised its dividend by 66.7% and its current dividend yield stands at 1.80%.Read more on this stock. CVS Caremark Cp (NYSE: CVS) shares fell 1.80% to $33.24. CVS had raised its dividend by 14.8%, bringing its yield to 1%....