Financial News

03/13/2013 - 11:25am

Weis Markets re-ups CEO contract with new five-year term

Weis Markets has re-upped president and CEO David Hepfinger's contract with a new five-year deal, according to an 8-K filing made Wednesday.

03/12/2013 - 10:12am

Costco sees sales, profits rise in second quarter

Costco Wholesale increased sales by 8% to $24.34 billion in the second quarter of 2013, the club retailer said.

03/12/2013 - 9:12am

Wellspan Health, Voiceport collaborate on improved medication adherence

VoicePort announced a finalized agreement to deploy their services with WellSpan Health, a new client located in York, Pennsylvania, offering a vast array of inpatient, outpatient, home health and physician services.

03/11/2013 - 10:17am

Ahold starts 500 million-euro share-buyback program

Ahold is buying back about $650 million worth of shares, with plans to finalize the deal within 12 months, the Dutch retail company said.

03/08/2013 - 5:18pm

Report: Biosimilars could save $20 billion per year

While the Food and Drug Administration released draft guidance on regulations for biosimilars in February 2012, the final regulations have yet to appear. But already, everyone from analysts to trade groups to drug makers is preparing for a time when knock-off versions of biotech drugs will become available.

03/07/2013 - 2:16pm

Kroger annual sales up 7.1%

Kroger on Thursday reported total sales of $96.8 billion, up 7.1% as compared with the prior fiscal year.

03/07/2013 - 11:32am

Costco February sales beat analyst estimates

Costco's sales increased 8% to $7.58 billion in February, the club retailer said.

03/07/2013 - 11:14am

Rite Aid comps decrease 3.6% as same-store prescription count increases 0.3%

Rite Aid's same-store sales for February 2013 decreased by 3.6% over the previous year, including a 1.3% decrease in front-end same-store sales and a 4.7% decrease in pharmacy same-store sales, the retail pharmacy chain said.

03/07/2013 - 9:39am

Fred's reports slight February gains despite economic headwinds

Fred's Super Dollar reported total sales of $159.2 million for the four weeks ended March 2, up some $200,000 from the corresponding year-ago period.

03/06/2013 - 1:56pm

Costco backs minimum wage increase

Costco Wholesale is throwing its support behind a bill introduced in Congress to raise the federal minimum wage.