CVS Caremark ratings affirmed by S&P
NEW YORK The financial market intelligence company Standard & Poor’s has affirmed its ratings on CVS Caremark.
What this means is that the financial ratings company is okaying CVS’ acquisition of Long Drug Stores, which was announced yesterday.
“The rating affirmation is based on CVS Caremark’s track record in integrating acquired retail stores, its strong cash flow generation and the expected debt reduction to restore credit measures to levels more appropriate for the rating,” said Standard & Poor’s credit analyst Ana Lai.
Rite Aid awards first of its Fill Up & Fuel Up gasoline gift cards
CAMP HILL, Pa. Rite Aid announced the first three winners of its “Fill Up & Fuel Up” program Tuesday.
The program, which runs through Jan. 10, 2009, will give 31 winners $2,600 gas gift cards, which they can use at any gas station. The winners so far are from Stone Mountain, Ga., Cranberry Township, Pa., and Monroe, Mich.
Customers who redeem “Fill Up & Fuel Up” coupons at Rite Aid stores will immediately receive $30 gift cards for transferring a prescription. They will remain eligible for weekly drawings for the $2,600 gas gift cards as long as they keep their prescriptions at Rite Aid.
The sweepstakes is available at Rite Aid stores in all states, except for New York and New Jersey, because of state laws.
Kodak Gallery teams with Eric Carle
EMERYVILLE, Calif. Kodak Gallery has signed a deal with Eric Carle giving it exclusive rights to use his designs for a line of personal photo books, photo invitations and photo cards.
The deal allows Kodak Gallery customers to combine their photos with illustrations from Carle’s classic children’s books like Brown Bear, Brown Bear What do You See? and The Very Hungry Caterpillar.
“I’ll never forget the delight in my children’s eyes when they discovered these amazing books,” said Kodak Gallery general manager Madhav Mehra. “I’m thrilled to team up with Eric Carle to make these moments even more magical as children see their own faces in these beloved stories.”
Cards and invitations can be created for as little as $1.49 and photo books start at $34.49.