Consumer spending rose 0.3% in May, marking four consecutive months of rising U.S. retail sales.
Merck and Idenix Pharmaceuticals on Monday announced that the companies have entered into a definitive agreement under which Merck will acquire Idenix for $24.50 per share in cash.
Rite Aid announced on Thursday a 3.5% boost in same-store sales for May, provided preliminary estimated financial results for the quarter ended May 31 and updated its outlook for 2015 fiscal year.
Pilgrim's Pride Corp. on Tuesday confirmed that it submitted a revised proposal to acquire Hillshire Brands
Walgreens on Wednesday posted May sales of $6.6 billion, an increase of 6%.
Dollar General on Tuesday announced it will be bringing its brand of EDLP discounting to three new states next year — Oregon, Maine and Rhode Island.
U.S. consumer spending fell by $8.1 billion, or 0.1%, in April 2014. It was the first monthly decline in consumer spending since April 2013 and followed a 1% increase of $117.6 billion the previous month.
Fred's Super Dollar on Thursday reported total sales for the first quarter of fiscal 2014 were $498.3 million, a 0.6% decline.
Taro Pharmaceutical Industries posted a net sales increase of 13.2% to $759.3 million for its fiscal year ended March 31.
Ahold's U.S. operations posted first-quarter net sales of $8 billion, down 0.3%, the Dutch grocer reported Wednesday.