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Kraft unveils new offerings for 2013

Focusing on what it called the "taste experience," Kraft Foods Group Inc. has announced more than 40 new food and beverage items as part of its product introductions for 2013.

SymphonyIRI gets set for annual summit

Retail executives, market forecasters and others will gather in Las Vegas to give their insights into how emerging trends are shaping the consumer packaged goods industry at the 2013 SymphonyIRI Summit in April.

Chain drug holiday sales: Better than last year

Chain drug holiday sales: Better than last year

Holiday sales at chain drug stores came in above last year’s levels thanks to the early arrival of Thanksgiving. With customers taking advantage of extra shopping days, total sales rose 4.6%, and same-store sales climbed 2.4%, according to research by Racher Press Inc.

CVS announces results of debt tender offers

CVS Caremark Corp. has bought back more than $1.7 billion in senior notes under a tender offer initiated late last month. Reporting the final results of the tender offer this week, CVS said an aggregate principal amount of $1.74 billion of the notes was tendered.

Dr. Pepper Snapple to launch five new TEN sodas

Next month, Dr Pepper Snapple Group plans to roll out 10-calorie versions of five of its most popular soda brands. The beverage company said Thursday that 7UP TEN, A&W TEN root beer, Sunkist TEN orange soda, Canada Dry TEN ginger ale and RC TEN Cola will be available in January at select

First-quarter earnings drop at Walgreens

First-quarter earnings drop at Walgreens

Citing the impact of various items, including a reporting change for its partnership with Alliance Boots, Walgreen Co. saw net income sink for its fiscal 2013 first quarter, coming in well below Wall Street’s forecast. Walgreens said Friday that for the first quarter ended Nov. 30.

Rite Aid turns profit in third quarter

Rite Aid turns profit in third quarter

Rite Aid Corp. jumped a key financial hurdle by reporting net income for its fiscal 2013 third quarter, marking the company’s first quarterly profit in over five years. Rite Aid on Thursday posted net earnings of $61.9 million, or 7 cents per diluted share, for the 13-week third quarter ended Dec.

GSK gets FDA OK for four-strain flu vaccine

GlaxoSmithKline has received Food and Drug Administration approval for Fluarix Quadrivalent, a four-strain seasonal flu vaccine. GSK said Monday that Fluarix Quadrivalent, for adults and children age 3 and older, represents the first intramuscular vaccine to cover against four influenza strains.

Ironwood, Forest ship IBS drug

Ironwood Pharmaceuticals Inc. and Forest Laboratories Inc. have released Linzess, a medication for irritable bowel syndrome (IBS), to U.S. pharmacies.