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Shares of drugstore chain Walgreen Co. tumbled Monday after the usually solid retailer’s fourth-quarter fell sharply short of expectations, causing its first earnings decrease in nearly a decade.Shares sank more than 15 percent, on pace to be the...
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Walgreen Co. says it hopes to cut $1 billion in annual costs by 2011 and will cut its capital expenses next fiscal year.
made popular Oct 30 2008
Drugstore chain Walgreen Co. said Friday Chairman and CEO Jeffrey Rein has retired from the company after 26 years.
made popular Oct 10 2008
Drugstore chain Walgreen Co. has withdrawn its $2.8 billion bid to acquire Longs Drug Stores, apparently helping to ease the path for Longs’ $2.7 billion...
made popular Oct 8 2008
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...
made popular Sep 29 2008
Walgreen Co. said Monday higher sales and cost-cutting boosted its fiscal fourth-quarter profit 12 percent amid a difficult economic environment.
made popular Sep 29 2008
Walgreen Co. says higher sales and cost-cutting boosted its fiscal fourth-quarter profit amid a difficult economic environment.
made popular Sep 29 2008
Drug store operator Walgreen Co. said Wednesday it will continue to pursue Longs Drugs Stores Corp., which earlier in the day said it would not enter buyout talks with...
made popular Sep 17 2008
Longs Drug Stores Corp. on Wednesday said it will not enter into discussions with Walgreen Co. about its $2.8 billion bid for the drugstore operator.
made popular Sep 17 2008
Several of the largest shareholders in Longs Drug Stores Corp. are taking a wait-and-see attitude toward Walgreen Co.’s surprise bid for the chain, and Longs...
made popular Sep 15 2008
CVS Caremark says it is leaving its $2.7 billion bid for Longs Drug Stores unchanged, despite it being topped by rival Walgreen.
made popular Sep 15 2008
Walgreen Co. made an offer late Friday to buy Longs Drug Stores Corp. for $2.8 billion, hoping to unseat a rival offer from CVS Caremark Corp. that Longs had already...
made popular Sep 13 2008
Walgreen says its fiscal third-quarter profit rose 2 percent as the company focused on cost control amid a difficult retail environment.The drugstore operator said...
made popular Jun 23 2008
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,...
made popular Mar 24 2008
Walgreen said Monday that its second-quarter profits rose 5 percent as the drugstore chain continued to open new stores at a record pace.The results just beat Wall...
made popular Mar 24 2008
Drugstore chain Walgreen says second-quarter earnings rose 5 percent as it controlled expenses to offset slower sales growth.Deerfield, Ill.-based Walgreen Co.’s...
made popular Mar 24 2008
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...
made popular Dec 21 2007
Drugstore chain Walgreen Co. reported a better-than-expected 5.5 percent gain in first-quarter profits Friday, benefiting from cost cuts and sales of private-label...
made popular Dec 21 2007
Drugstore operator Walgreen Co. on Friday said its fiscal first quarter profit rose 6 percent, helped by cost cutting and sales of private-label products as consumers...
made popular Dec 21 2007
Drug store chain Walgreen Co. said Monday its fourth-quarter profit dropped 4 percent on lower reimbursements for some generic drugs and increased store and staff...
made popular Oct 1 2007
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