Content about Financial News

January 27, 2008
Inverness to acquire Matria for $1.18 billion

Inverness Medical Innovations and Matria Healthcare Monday announced that Inverness will acquire all outstanding shares...

January 27, 2008
Supervalu's Sunflower Markets to close after two years

The Sunflower Markets chain run by Supervalu is shutting down after two years in business....

January 24, 2008
AmerisourceBergen announces 3.5 percent revenue increase for Q1 2008

AmerisourceBergen recently released its fiscal year 2008 first quarter report, which ended on Dec. 31....

January 24, 2008
Amgen posts increase for Q4 2007

Amgen has released its fourth quarter and full year earnings. For the fourth quarter, the...

January 22, 2008
Pfizer Q4 profits better than dour expectations; raise 2008 predictions

Pfizer released its fourth-quarter profit and even though it fell 70 percent from a year...

January 21, 2008
Lindt, Callebaut post strong sales figures

Swiss chocolate makers Lindt & Spruengli and Barry Callebaut today are posting strong sales figures...

January 17, 2008
Novartis reports major drop in Q4 profits

Novartis reported a 45 percent drop in fourth quarter net profit, which was affected by...

January 16, 2008
Matrixx lowers Q4 guidance on back of slower cough-cold sales

The slow start to the 2007-08 cough and cold season continues to wreak havoc with...

January 14, 2008
Genentech posts strong 2007 numbers

Genentech recently announced the financial results for the full year and fourth quarter of 2007....

January 13, 2008
Ascendia releases third-quarter results; credits Coty deal with increased sales

Ascendia Brands, which markets value and premium value health and beauty care products, has announced...

January 10, 2008
S&P revises outlook on Rite Aid

Standard & Poor’s Ratings Services revised its outlook on chain drug retailer Rite Aid to...

January 9, 2008
Fred’s reports sales decline for December, but year-to-date gains

Fred’s total sales for the five-week fiscal month of December declined to $210 million from...

January 9, 2008
Sciele to launch six medications in 2008

In addition to Sciele’s announcement last week, reported in Drug Store News, that it will...

January 9, 2008
Wal-Mart exceeds December comp guidance

Wal-Mart citied strength in its pharmacy business, along with grocery and electronics as key drivers...

January 8, 2008
Supervalu reports earnings increase despite sales drop

Supervalu on Wednesday reported a third-quarter drop of 4.7 percent in net sales of $10.2...

January 8, 2008
Walgreens stands by its rapid growth strategy

Neither the downward-turning economy nor its own recent profit woes will derail Walgreen Co.’s strikingly...

January 3, 2008
Flood of generics slows Costco's pharmacy growth

Costco reported slower growth at pharmacies during its first quarter due in part to an...

January 3, 2008
Longs reports drop in same store sales

Longs Drug reported a 1.5 percent drop in same store sales for December....

January 2, 2008
CVS announces light December sales, still on course for top end of guidance

CVS Caremark announced on Thursday that sales in December were lighter than the company expected...

January 2, 2008
Rite Aid posts December results

Rite Aid on Thursday reported a same-store sales decrease of 0.5 percent for the four...

January 2, 2008
Slow holiday demand, mild flu season drain Walgreens’ year-end performance

Anemic holiday sales growth and a mile flu season drained much of the growth momentum...

December 27, 2007
California Safeway workers approve contract

Union employees in the Bay Area and Northern California have approved a four-year contract with...

December 27, 2007
Retailers could see a predicted $60 billion spent over the next week

While retail sales for November and December were below predictions, according to reports, analysts are...

December 26, 2007
Costco pharmacy sales jump 4 percent in first quarter

Costco’s pharmacy sales increased 4 percent to $634 million during the first quarter with a...

December 25, 2007
Schiff Q2 results show units moving but profits flatter

Heavy national brand promotion may be moving units of joint care supplement products off of...

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