Drug Retail

CVS Caremark Corporation (NYSE: CVS) today announced that its board of directors has approved a new share repurchase program for up to $4.0 billion of the company's outstanding common stock. The share repurchase authorization, which is effective immediately, permits the company to effect the...

Shares of PharMerica Corp (NYSE: PMC) jumped about 34.8% after Omnicare Inc (NYSE: OCR) offered to buy PharMerica for $441 million in cash. The offer of $15 per share represents a 37% premium to PharMerica's closing price on Monday. The transaction will be worth around $716 million, including...

Citigroup has lowered price targets on the following companies: CVS Caremark (NYSE: CVS) Buy, PT from $46.00 to $41.00 Kroger (NYSE: KR) Hold, PT from $26.00 to $25.00 SuperValu (NYSE: SVU) Hold. PT from $9.00 to $8.00 Safeway (NYSE: SWY) Hold, PT from $23.00 to $20.00 Walgreen (NYSE: WAG)...

China Nepstar Chain Drugstore Ltd. (NYSE: NPD) earlier today announced the resignation of Mr. Jason Xinghua Wu as the Company's Chief Executive Officer, effective today, for personal reasons. Mr. Fuxiang Zhang, the Company's Chief Operating Officer, has been appointed as Chief Executive Officer by...

China Nepstar Chain Drugstore Ltd. (NYSE: NPD) today announced that its board of directors has authorized a share repurchase program. Under the terms of the approved program, China Nepstar may repurchase up to US$20 million worth of its issued and outstanding American Depositary Shares from time to...

Williams-Sonoma Inc (NYSE: WSM) is expected to report its Q2 EPS at $0.36 on revenue of $823.97 million. American Woodmark Corporation (NASDAQ: AMWD) is estimated to post a Q1 loss at $0.17 per share on revenue of $116.18 million. La-Z-Boy Incorporated (NYSE: LZB) is projected to report its FQ1...

CVS Caremark (NYSE: CVS) announced today the results of its previously announced solicitation of consents from the registered holders as of 5:00 p.m., New York City time on August 8, 2011 of its 6.125% Senior Notes due August 15, 2016 to terminate the replacement capital covenant, which was entered...

Morgan Stanley is out with its report today on CVS/Caremark (NYSE: CVS), maintaining Equal-weight. In its report, Morgan Stanley writes, 'Valuation is temping, but after years of disappointments, CVS needs to prove its PBM operating income performance to the market. We maintain our Equal-weight...

Document Security Systems, Inc. (NYSE: DSS) announced today that it has been awarded an annual packaging manufacturing order contract from Walgreens (NYSE: WAG) worth approximately $2.9 million through August 2012, with additional opportunities for non-contract work. DSS Chief Operating Officer,...

Bank of America reiterated its Buy rating on CVS Caremark (NYSE: CVS). At the same time, the rating agency left its price target on the company's stock unchanged at $46. On Tuesday, CVS closed the day at $33.23.

General Motors Co (NYSE: GM) reported a strong rise in its second-quarter earnings. GM reported its quarterly earnings at $2.5 billion, or $1.54 per share, up from $1.3 billion, or $0.85 per share, in the year-earlier period. Its revenue surged to $39.4 billion from $33.2 billion. However, analysts...

Citi is out with its report today on Walgreens (NYSE: WAG), maintaining Hold. In its report, Citi writes, "We rate the shares of Walgreens Co Hold/Medium Risk (2M). We believe WAG is entering its next phase of double digit earnings growth after 3 years of single digit to negative earnings growth....

CVS Caremark Corp (NYSE: CVS) reported a drop in its second-quarter earnings. CVS reported its quarterly earnings at $816 million, or $0.60 per share, down from $821 million, or $0.60 per share, in the year-earlier period. Its revenue climbed to $26.63 billion from $24 billion. However, analysts...

US stock futures are lower this morning, as investors are awaiting earnings from General Motors Co (NYSE: GM) and weekly jobless claims data. Futures for the Dow Jones Industrial Average dipped 44 points to 11,774.00 and S&P 500 index futures fell 5.20 points to 1,249.30. Nasdaq 100 futures...

Alpha Natural Resources Inc (NYSE: ANR) is expected to report its Q2 EPS at $1.12 on revenue of $1.47 billion. Kraft Foods Inc (NYSE: KFT) is projected to report its Q2 EPS at $0.58 on revenue of $13.15 billion. CIGNA Corporation (NYSE: CI) is estimated to report its Q2 EPS at $1.29 on revenue of...