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Former Eckerd CEO Stew Turley dies at 89

Former Eckerd CEO Stew Turley dies at 89

Stew Turley, who guided the evolution of Eckerd Corp. for three decades, died last week at his home in Florida after a battle with lymphoma. He was 89. During the course of his tenure at the retailer, which began in 1966 when he was named manager of non-drug operations, Eckerd grew to 2,778

Valdez is COO of Greater Than One

Valdez is COO of Greater Than One

Jason Valdez has been promoted to chief operating officer of Greater Than One, a media marketing and technology agency focused on healthcare. He is responsible for overall operations and ensuring the agency’s mission of building better healthcare experiences for customers.

CVS beats Q4 sales and earnings projections

CVS beats Q4 sales and earnings projections

CVS Health topped analysts’ forecasts for fourth quarter sales and profits, but cut its full year earnings outlook, citing rising medical costs that are hurting the insurance industry. Revenue for the three months ended December 31 climbed 11.9% from the year-ago period to $93.

WBA beats Q1 projections, cuts dividend

WBA beats Q1 projections, cuts dividend

Walgreens Boots Alliance topped Wall Street’s expectations for first quarter sales and earnings, but slashed its quarterly dividend nearly in half. WBA cut its dividend to 25 cents per share from 48 cents per share, reducing the payout for the first time in nearly five decades.

Lilly’s Omvoh now available in the U.S. for ulcerative colitis

Lilly’s Omvoh now available in the U.S. for ulcerative colitis

The Food and Drug Administration has approved Eli Lilly and Co.’s Omvoh (mirikizumab-mrkz) infusion (300 mg/15 mL)/injection (100 mg/mL), as the first and only interleukin-23p19 (IL-23p19) antagonist for the treatment of moderately to severely active ulcerative colitis (UC) in adults.

CVS’ Q3 sales and profits beat forecasts

CVS’ Q3 sales and profits beat forecasts

CVS Health topped Wall Street’s estimates for third quarter revenue and earnings. Adjusted earnings per share of $2.21 exceeded analysts’ predicted $2.13, while revenue of $89.76 billion beat  the forecast of $88.2 billion.

Rite Aid files for Chapter 11 bankruptcy protection

Rite Aid files for Chapter 11 bankruptcy protection

Rite Aid Corp. on Sunday announced that it has filed for Chapter 11 bankruptcy protection as part of a voluntary restructuring plan that the company says will reduce its debt, increase its financial flexibility, and allow it to accelerate its ongoing business transformation.

Hy-Vee makes Iowa a scintillating retailing center

Hy-Vee makes Iowa a scintillating retailing center

If you happen to find yourself with a few idle days on your hands (How silly: Retailers seldom have a few extra days on their hands), you just might want to wander over to Des Moines, capital of Iowa, to examine how Hy-Vee, one of the truly stunning retailers this or any country has to