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Ahold repurchases 960,596 shares

BY Alaric DeArment

AMSTERDAM — Dutch supermarket operator Royal Ahold has repurchased nearly 1 million shares as part of its $647.3 million share-buyback program, the company said Monday.

Ahold said the 960,596 shares were repurchased at an average price of $14.91, for a total of $14.33 million.

The company announced the share-buyback program in late February. Ahold operates the Stop & Shop, Giant-Carlisle and Giant-Landover supermarket banners and the Peapod online grocery service in the United States.

 

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Harris Teeter Together in Education donates more than $385,000

BY Michael Johnsen

Charlotte, N.C. — Harris Teeter Together in Education (TIE) on Monday donated more than $385,000 to participating TIE schools during the second of three payouts of the 2012/2013 school year, raising the program total to $18.7 million since 1998.

Since that time Harris Teeter has registered schools or school programs for a TIE code on harristeeter.com, and customers then have the capability to link their VIC card to up to five of those TIE codes anytime between August and May of every school year. Once the VIC card is linked, every time a customer purchases Harris Teeter brands or fills a prescription at a Harris Teeter pharmacy, Harris Teeter donates money back to the school to which the customer’s VIC card is linked.

Harris Teeter Together in Education distributes money to TIE schools and programs three times per school year; the first payout was in December, the second payout was in March, and the final payout of the 2012/2013 school year will be in June. A total of 768 schools earned a check, averaging $502 per school. 


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Jim Cramer gets bullish on CVS Caremark on ‘Mad Money’

BY Antoinette Alexander

NEW YORK — Jim Cramer on Wednesday shared his bullishness on CVS Caremark stock with viewers during the “Lightening Round” portion of his "Mad Money" investment advice program on CNBC.

When asked by a caller whether she should buy CVS Caremark stock, Cramer enthusiastically replied, “I think that’s a great idea. Buy. Buy. Buy!”

Cramer’s advice on the program also caught the attention of The Street, which wrote that, “Based on the company’s fundamentals and valuation, I believe Cramer made the right call.”

 

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