Content about Financial News

April 1, 2013
American Greetings cards agrees to being taken private

American Greetings greeting card company has agreed to be taken private by a group led by some of its top executives for about $602 million, the company announced.

April 1, 2013
Perrigo closes Velcera acquisition

Perrigo Co. has completed its acquisition of a Pennsylvania-based animal health company, the drug maker said.

April 1, 2013
Safeway launches annual campaign for people with disabilities

Safeway has launched its annual April fundraising campaign to benefit people with disabilities, the supermarket chain said.

March 29, 2013
Pinnacle Foods rings NYSE Opening Bell to celebrate first day as public company

Parsippany, N.J.-based Pinnacle Foods — manufacturer and distributor of such food brands as Birds Eye, Duncan Hines, Vlasic, Mrs. Butterworth’s and others — opened for trading Thursday on the New York Stock Exchange under the ticker symbol “PF” after its initial public offering.

March 28, 2013
ABC divests Canadian distribution arm to Kohl & Frisch

AmerisourceBergen on Thursday announced that it has divested its Canadian pharmaceutical distribution business, AmerisourceBergen Canada Corporation, to Kohl & Frisch Limited, a Canadian-owned national full-line distributor. ABCC represented approximately 2% of AmerisourceBergen’s total revenues.

March 28, 2013
Fred's misses analyst expectations, points to aggressive pharmacy expansion as future growth driver

Fred's will be looking to extend its pharmacy penetration to as high as 70% of all stores in the next three years.

March 28, 2013
Giant-Carlisle collects $587,545 for hunger relief in late February, early March

Ahold USA's Giant-Carlisle banner raised nearly $600,000 for a hunger relief program in February and March, the supermarket chain said.

March 28, 2013
Weis Markets promotes Paul Stombaugh to VP/corporate controller

Weis Markets on Thursday promoted Paul Stombaugh to VP/corporate controller.

March 27, 2013
Ahold completes sale of ICA stake

Dutch supermarket operator Royal Ahold has completed the sale of its majority stake in a Scandinavian supermarket chain, the company said.

March 26, 2013
Martin's donated more than $2.2 million to Va. charities in 2012

Martin's Food Markets donated more than $2.2 million in the Richmond and Williamsburg, Va., areas in 2012 as part of its "Living Here, Giving Here" charitable program, the supermarket chain said.

March 26, 2013
Meijer launches Simply Give donation campaign

Meijer will fund local food pantries by doubling every customer's $10 donation next month, the mass-merchandise retailer said.

March 26, 2013
Rite Aid supports 'Epic'-themed fundraising campaign

Rite Aid is tying in its fundraising efforts for Children's Miracle Network Hospitals with an upcoming children's movie.

March 25, 2013
Bausch + Lomb files IPO registration with SEC

Bausch + Lomb announced that it has filed a registration statement with the U.S. Securities and Exchange Commission to take the company public.

March 25, 2013
U.K.'s Infirst Healthcare raises $30 million-plus to feed European OTC cough-cold and analgesic launches

The U.K.'s Infirst Healthcare on Monday announced it has successfully raised $32.1 million in new funds.

March 22, 2013
AstraZeneca, Moderna Therapeutics to develop drugs using RNA technology

AstraZeneca will pay $420 million to Moderna Therapeutics in a deal to develop drugs for a variety of diseases using a technology developed by Moderna, AstraZeneca said.

March 22, 2013
More than $209 million of Target debentures tendered, company says

About $209.3 million worth of Target's debt has been put up for sale as the company moves to refinance $679 million worth of debt due between 2028 and 2031, the mass merchandise retailer said.

March 21, 2013
Ahold plans completion of ICA sale Wednesday

Royal Ahold expects its deal to sell its share of the European supermarket chain ICA to Hakon Invest to be completed next Wednesday, the Dutch supermarket operator said.

March 21, 2013
Supervalu completes deal with AB Acquisition

Supervalu announced the completion of the sale of its Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market stores and related Osco and Sav-on in-store pharmacies to AB Acquisition LLC, an affiliate of a Cerberus Capital Management-led investor consortium, in a stock deal valued at $3.3 billion, including $100 million in cash and $3.2 billion in debt assumption.

March 20, 2013
NRF: Easter spending doesn't jump, on par with 2012

According to a new spending survey from the National Retail Federation, consumer spending for Easter 2013 will be flat when compared to the holiday last year.

March 20, 2013
Rite Aid raises record-breaking amount for Children's Miracle Network

Rite Aid raised $5.9 million for Children's Miracle Network Hospitals in 2012, the retail pharmacy chain said.

March 19, 2013
Cardinal Health braces for August contract expiration with Walgreens

In the wake of a new partnership announcement between Walgreens and AmerisourceBergen, Cardinal Health announced on that its pharmaceutical distribution contract with Walgreens that is scheduled to expire at the end of August 2013 will not be renewed.

March 19, 2013
WAG Q2 results headed in right direction as chain prepares three new flagship openings in DC, NY and Boston

Even as Walgreens expands its operation globally through strategic partnerships with both Alliance Boots and now AmerisourceBergen, the pharmacy operator continues to create some retail pop in the U.S. market.

March 19, 2013
Walgreens, Alliance Boots announce blockbuster partnership with AmerisourceBergen

Walgreens will no longer source branded prescription medicines directly from suppliers beginning in September, the Chicago-based retailer announced as part of a significant partnership between Walgreens, Alliance Boots and AmerisourceBergen that includes Walgreens and Alliance Boots potentially taking a 7% stake in the Pennsylvania wholesaler.

March 18, 2013
Ahold repurchases 960,596 shares

Dutch supermarket operator Royal Ahold has repurchased nearly 1 million shares as part of its $647.3 million share-buyback program, the company said.

March 15, 2013
Hostess Brands selects McKee Foods as winning bidder for Drake's snack cake brand

Hostess Brands on Thursday announced that the stalking horse bid submitted by McKee Foods for the Drake's snack cake brand will be presented for approval to the U.S. Bankruptcy Court, as no other qualified bids were received for those assets.

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