The Journal News is reporting that auctions for several of its stores began this morning in New York. “At the top of the long list of stores that were expected to be auctioned Thursday was the A&P in Mount Kisco,” the report said. “The acknowledged crown jewel of the beleaguered supermarket had an annual operating cash flow of more than $9 million, and was expected to receive one of the highest sale price of the auction.” (The Journal News)
Costco’s fourth quarter and annual results might not look impressive on paper, but adjusting for gas prices and a strong dollar, the company had a good quarter and is planning to open 12 new stores by the year’s end.
Teva Pharmaceutical on Friday announced that it entered into a definitive agreement to acquire Gecko Health Innovations, which focuses on developing software and product solutions to aid in compliance and adherence improvement in the management of respiratory diseases.