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Drugstore operator Walgreen Co. said prescription drug sales rose in the fiscal fourth quarter, pushing the company's results past Wall Street expectations and lifting shares to an annual high.
Walgreen Co. said Friday it promoted Chief Financial Officer Wade Miquelon to the additional role of executive vice president.
Drugstore operator Walgreen Co. is raising its quarterly dividend by about 22 percent, to 13.75 cents from 11.25 cents.
Drugstore operator Walgreen Co. said Monday its profit fell 9 percent in the fiscal third quarter as greater expenses, including those related to its reorganization efforts, offset rising sales.
Drugstore operator Walgreen will offer free clinic visits to the unemployed and uninsured for the rest of the year, providing tests and routine treatment for minor ailments through its walk-in clinics — though patients will still pay for precriptions.
Drugstore operator Walgreen Co.'s profit fell 7 percent in the fiscal second quarter because of restructuring costs as cash-strapped shoppers cut discretionary purchases even as retail prescriptions grew.
Drugstore operator Walgreen Co. opted for continuity over change in picking its new chief executive, as it promoted veteran Gregory Wasson to the post.
Drugstore operator Walgreen Co. said Thursday it will cut 1,000 jobs by mid-year, or about 9 percent of corporate management, through a combination of voluntary buyouts and layoffs.
Drugstore operator Walgreen Co. said Monday its profit fell 10 percent in its fiscal first quarter, short of Wall Street expectations, because of costs opening more than 200 new stores.
Walgreen Co. says it hopes to cut $1 billion in annual costs by 2011 and will cut its capital expenses next fiscal year.
Drugstore chain Walgreen Co. has withdrawn its $2.8 billion bid to acquire Longs Drug Stores, apparently helping to ease the path for Longs' $2.7 billion acquisition by CVS Caremark Corp.
The U.S. Department of Justice said Monday that drugstore operator Walgreen Co. paid $9.9 million to settle whistleblower allegations that it overcharged the Medicaid programs in Minnesota, Michigan, Florida and Massachusetts.
Shares of Walgreen Co. fell to their lowest price in almost five years Monday after the drugstore operator reported disappointing revenue in its fiscal fourth quarter, pointing to promotions that failed to pay off.
Drugstore chain Walgreen Co. said Monday its fiscal third-quarter profit rose 2 percent as it focused on cost control and maintained a rapid expansion pace in a difficult retail environment.
Walgreen posted a 5 percent increase in second-quarter profits that just beat Wall Street's expectations, but investors greeted the news Monday with enthusiasm, driving the share price sharply higher.
Drugstore chain Walgreen Co. used cost-cutting to help it overcome tougher economic conditions in its fiscal first quarter, reporting a modest 5.5 percent profit increase Friday that surpassed Wall Street's expectations.
Walgreen offers free clinic visits to joblessDrugstore operator Walgreen will offer free clinic visits to the unemployed and uninsured for the rest of the year, providing tests and routine treatment for minor ailments through its walk-in clinics — though patients will still pay for precriptions.
'Google Health' launches amid concernsGoogle on Monday unveiled Google Health, a long-anticipated U.S. health information service that combines the leading Web company's classic search services with a user's personal health records online.
Walgreens Targed in Miscarriage Suit After Swapping Chemotherapy Drugs With Prenatal VitaminsWalgreen Co. has been sued by a Missouri woman and her husband who claim she had a miscarriage after a prescription for prenatal vitamins was filled with a chemotherapy drug carrying a similar brand name.
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