Rite Aid files for Chapter 11
Chemist chain is being sued by US Justice Department for over-prescribing painkillers
Company
NYSE:RAD
Rite Aid Corporation is a retail drugstore chain in the United States. The Company operates its drugstores in 31 states across the country and in the District of Columbia.
31 stories
Chemist chain is being sued by US Justice Department for over-prescribing painkillers
The pharmacy chain’s management is also in transition as last month it announced its CEO John Standley would leave the company
Rite Aide, Organogenesis Holdings and Los-Angeles retailer Guess? Inc are also making news
The drugstore chain reported $5.42B in revenue, ahead of the $5.36 analysts expected
Also in focus in pre-market trade on Thursday was Qualcomm and Rite Aid Corp.
Investments and investor services
A look at the stories making waves ahead of the bell, including results from Yelp, Roku and Jack in the Box.
Also in the news before the bell is Bed Bath & Beyond, which saw shares lag along with Mexican fast food giant Chipotle
The tech company offers brand-management tools to companies such as Taco Bell and Rite Aid
Proactive takes a look at some company news in pre-market deals in New York
Albertson and Rite Aid are together valued at around US$24bn, including debt
Proactive takes a look at the market ahead of the New York bell
A look at the after hours trade in New York on Wednesday
Proactive takes a look at the after hours trade in New York on Wednesday
The drugstores group - which is in the midst of the takeover of Rite Aid Corp – posted adjusted earnings per share for the quarter of US$1.31, above the consensus of estimate US$1.21
US benchmarks took a late dip to close lower on the day
Hardware & electrical equipment
A look at what's hot and what's not in pre-market deals in New York
Martindale replaces interim CEO Bob Moran who will become GNC’s non-executive chairman replacing Michael Hines who steps down with effect from September 11
Fred's had been in line to buy a parcel of Rite Aid stores as Walgreens sought to circumvent monopoly concerns
Walgreens redrawn deal with Rite Aid means the side-deal for Fred's to pick up 865 Rite Aid stores is now off.
Revenues, meanwhile, were around US$400mln ahead of analysts’ median estimates at US$30.1bn
The Nasdaq-listed group – formed at the end of 2014 by the merger of Walgreens with Alliance Boots - reported earnings of US$1.06bn, or 98 US cents a share for the quarter to February 28, compared with US$930mln, or 85 US cents a share a ye
The Nasdaq-listed company posted first quarter earnings of US$1.05bn, or US$0.97 a share, down from the US$1.11bn, or US$1.01 a share it saw a year earlier.
On the last full day’s trading before the Christmas holiday, US stocks ended lower on Thursday as markets began to wind down
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The Federal Reserve keeps interest rates unchanged near zero.
As was indicated by futures trading, US shares went higher at the open....
Below are the main news driven share price changes at 2:49 p.m. in New York on Wednesday:
Walgreens Q4 profit beats estimates on increased prescriptions, cost cuts.
U.S. stocks jumped, with the Nasdaq Composite Index at a record high, as the Federal Reserve signaled it will continue to support the economy even as growth picks up. The tech-heavy Nasdaq 100 (INDEXNASDAQ:.IXIC) hit 5,143.31, topping the p
U.S. stock futures advanced today as investors welcomed the Federal Reserve’s go-slow approach to raising interest rates. Futures for the Dow Jones Industrial Average rose 0.3 percent to 17,883, while those for the S&P 500 index a