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Major Drug Retailers Lose Over USD 12.8 Billion in Value

Major Drug Retailers Lose Over USD 12.8 Billion in Value

Shares of CVS (NYSE: CVS), Walgreens (NYSE: WBA) and Rite-Aid (NYSE: RAD) lost USD 12.8 Billion in value after Amazon.com, Inc. (NASDAQ: AMZN) announced that it had signed an agreement to buy the online pharmacy, PillPack, on Thursday.PillPack organ..

Walgreens has joined as the newest member of Dow with the exit of General Electric on Tuesday.

Walgreens has joined as the newest member of Dow with the exit of General Electric on Tuesday.

Walgreens Boots Alliance Inc (NASDAQ: WBA) is a giant drug store chain that started in Chicago in 1901, and chances are you've either heard of the brand or shopped at one. The latter part of the company name, Boots Alliance, refers to the c..

Walgreens Made Takeover Approach to AmerisourceBergen

Walgreens Made Takeover Approach to AmerisourceBergen

The Wall Street Journal reported this Monday that Walgreens Boots Alliance Inc. (NASDAQ: WBA) has made a takeover approach to drug distributor AmerisourceBergen Corp. (NYSE: ABC). This move is expected to “boost profitability at the drugstore ..

Juno Shares Surge on Celgene’s $9 Billion Acquisition

Juno Shares Surge on Celgene’s $9 Billion Acquisition

Juno Therapeutics Inc. (NASDAQ: JUNO) shares continued to surge on Monday after Celgene Corp. (NASDAQ: CELG) had entered into an agreement to acquire Juno for a total of $9 billion or $87 per share. Juno shares rose 27 percent during Monday&rsq..

Google, Sony, Lenovo Work on Smart Speakers with Touchscreens

Google, Sony, Lenovo Work on Smart Speakers with Touchscreens

On Monday, Alphabet Inc (NASDAQ: GOOGL) has announced plans to partner with LG Electronics Inc. and Sony Corp (NYSE: SNE) to incorporate their voice controlled virtual assistant into new tablet like devices. As Google tries to challenge Amazon.com,..

Shell Beats Third Quarter Estimates

Shell Beats Third Quarter Estimates

Shell Global (NYSE: RDS.A) reported almost a 50% rise in quarterly profits that was mostly driven by strong refining while also adapting well to low oil prices. Cash generation has been boosted in recent quarters as costs have been cut and asse..

Kellogg Company Tops with Q3 Earnings, Shares Surge

Kellogg Company Tops with Q3 Earnings, Shares Surge

On Tuesday, Kellogg Company (NYSE: K) announced its financial results for third quarter of 2017. After announcing better-than-expected revenues and earnings, shares of the company increased over 4% in pre-market trading on Tuesday, and shares contin..