Rite Aid files for Chapter 11
Chemist chain is being sued by US Justice Department for over-prescribing painkillers
Company
Rite Aid
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.
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Rite Aid slips after drug store chain posts fiscal 4Q loss and feeble full-year outlook
The pharmacy chain’s management is also in transition as last month it announced its CEO John Standley would leave the company
Small-Cap Snapshot: Versum Materials stock soars after it announces a stock swap merger with Entegris
Rite Aide, Organogenesis Holdings and Los-Angeles retailer Guess? Inc are also making news
Rite Aid tops revenue estimates in 2Q, in-line earnings
The drugstore chain reported $5.42B in revenue, ahead of the $5.36 analysts expected
EARLY MOVERS: Uber and Lyft attracting web hits before the New York bell, while CBS-Viacom merger could be on again
Also in focus in pre-market trade on Thursday was Qualcomm and Rite Aid Corp.
Investments and investor services
PRE-MARKET MOVERS: Rite Aid calls off Albertsons merger
A look at the stories making waves ahead of the bell, including results from Yelp, Roku and Jack in the Box.
Pier 1 Imports, Rite Aid, Bed Bath & Beyond, Accenture, Chipotle Mexican Grill : PRE-MARKET MOVERS
Also in the news before the bell is Bed Bath & Beyond, which saw shares lag along with Mexican fast food giant Chipotle
Yext reports a narrower-than-expected loss in its first-quarter results as customer base grows
The tech company offers brand-management tools to companies such as Taco Bell and Rite Aid
Black Rock, Netflix, Rite Aid and more - PRE-MARKET
Proactive takes a look at some company news in pre-market deals in New York
Albertsons to buy the rest of Rite Aid that isn't going to Walgreens
Albertson and Rite Aid are together valued at around US$24bn, including debt
Rite Aid, Home Depot, Walmart and Domino's Pizza - PRE-MARKET
Proactive takes a look at the market ahead of the New York bell
Tesla, Intel, Rite Aid, Zumiez - After the bell
A look at the after hours trade in New York on Wednesday
Tesla, Intel, Rite Aid, Zumiez - AFTER HOURS
Proactive takes a look at the after hours trade in New York on Wednesday
Walgreens Boots Alliance reports above-forecast fourth quarter profit and revenue
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
Stocks dip late in the session to close lower
US benchmarks took a late dip to close lower on the day
Hardware & electrical equipment
Roku, Blackberry, Rite Aid Corporation and more
A look at what's hot and what's not in pre-market deals in New York
GNC Holdings names former Rite Aid boss Ken Martindale as its new chief executive officer
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 Inc caught in the fall-out from the collapse of the Walgreens Rite-Aid deal
Fred's had been in line to buy a parcel of Rite Aid stores as Walgreens sought to circumvent monopoly concerns
Right there Fred’s! Drug store stock slumps as Walgreen busts expansion plans
Walgreens redrawn deal with Rite Aid means the side-deal for Fred's to pick up 865 Rite Aid stores is now off.
Walgreens Boots Alliance US$9.4bn Rite Aid deal collapses; outlines new, scaled down plans
Revenues, meanwhile, were around US$400mln ahead of analysts’ median estimates at US$30.1bn