Content about Financial News

June 13, 2013

Target Corp. has increased quarterly payments to shareholders to 43 cents per share, the mass merchandise retailer said.

June 12, 2013

Coty Inc.’s long-awaited initial public offering is reportedly set to launch with shares to trade on Thursday, according to published reports.

June 12, 2013

Safeway announced that it has entered into an agreement to sell its Canadian operations through a sale of the net assets of Canada Safeway Limited to Sobeys, a Canadian food retailer and wholly-owned subsidiary of Empire Company Limited, for $5.7 billion in cash plus the assumption of certain liabilities.

June 12, 2013

Pfizer will receive more than $2 billion from Teva Pharmaceutical Industries and Sun Pharmaceutical Industries to settle a case concerning a gastroesophageal reflux disease drug.

June 11, 2013

Catamaran will provide pharmacy benefit management services to Cigna Corp. for 10 years under a new deal between the PBM and the health insurer.

June 11, 2013

GelStat announced its intent to acquire the rights to multiple products from Larry Gershman.

June 10, 2013

Anglo-Swedish drug maker AstraZeneca will pay up to $1.15 billion for a U.S. developer of drugs for respiratory diseases, AstraZeneca said Monday.

June 10, 2013

Warren Buffett's Berkshire Hathaway and 3G have completed their acquisition of condiment maker H.J. Heinz Co., Heinz said.

June 7, 2013

Rite Aid moved to refinance its debt Friday, announcing that it would buy half a billion dollars in notes using proceeds from a new loan, while also projecting that it would turn a profit in the first quarter of fiscal year 2014, results of which it will announce next week.

June 6, 2013

Costco's reported May sales of $8.13 billion, a 7% increase over May 2012, the club retailer said.

June 6, 2013

Organized retail crime may have decreased very slightly last year, according to a new National Retail Federation study, but it remains a massive problem and the nation’s largest cities are especially prone to organized activities.

June 6, 2013

Rite Aid's same-store sales decreased by 1.5% in May as the shift to generic drugs continued to offset front-end comps, the retail pharmacy chain said.

June 6, 2013

Fred's Super Dollar posted sales of $152.4 million, up 0.2%, for the four weeks ended June 1.

June 5, 2013

Walgreens posted third-quarter sales of $18.3 billion, up 3.3%.

June 4, 2013

Royal Ahold is quadrupling the size of its share-buyback program amid strong first-quarter 2013 sales and the sale of its majority stake in a supermarket chain, the Netherlands-based supermarket operator said.

June 4, 2013

Dollar General increased net sales by 8.5% to $4.2 billion for its first quarter ended May 3, the dollar operator reported Tuesday.

June 3, 2013

AmerisourceBergen announced that it has completed the divestiture of its Canadian pharmaceutical distribution business, AmerisourceBergen Canada Corp.

June 3, 2013

Dr. Reddy's Labs and Fujifilm have terminated a deal to market generic drugs in Japan, Dr. Reddy's said.

May 31, 2013

Fred's Inc. reported positive financial results for the first quarter on Thursday and is looking to implement initiatives to reconfigure its pharmacy department and expand its specialty drug program as key drivers in its "aggressive" 2013 plan.

May 31, 2013

The Kroger Co. announced this week it raised more than $425,000 from customer and associate contributions and committed to a corporate gift of $50,000 for a total cash contribution of more than $475,000 to support Red Cross initiatives to assist storm relief efforts in Oklahoma.

May 31, 2013

India-based Sun Pharmaceutical Industries may buy Sweden-based Meda for $5 billion to $6 billion, according to published reports.

May 30, 2013

Costco Wholesale had sales of $23.55 billion in third-quarter 2013, an 8% increase over last year's $21.85 billion, as well as a 6% increase in same-store sales, the club retailer said.

May 30, 2013

Canadian retail pharmacy operator the Jean Coutu Group will spend nearly $200 million to relocate its headquarters and distribution center, the company said.

May 29, 2013

The parent company of the Bi-Lo and Winn-Dixie supermarket chains will buy three chains from Belgium-based Delhaize Group.

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