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Walgreens to buy drugstore.com for $409M

Walgreens to buy drugstore.com for $409M

In a move to expand its e-commerce business and expertise, Walgreen Co. plans to acquire drugstore.com in a deal valued at $409 million. Walgreens said Thursday that under the agreement, it will acquire the drugstore.

Earnings surge in 2Q at Walgreens

Earnings surge in 2Q at Walgreens

Walgreen Co. saw earnings rise by double digits in its fiscal 2011 second quarter and first half, lifted by robust revenue and same-store sales growth. Walgreens said Tuesday that net earnings for the second quarter ended Feb. 28 came in at $739 million, or 80 cents per diluted share, up 10.4% from

Covidien CEO to retire; successor named

Richard Meelia is slated to retire as president and chief executive officer of Covidien this summer. The pharmaceutical and health care products company said plans call for Meelia to retire on July 1 and then serve as nonexecutive chairman during a transition period of up to one year.

Kerr adds online store finder to free Rx delivery

Kerr Drug has launched an online store finder for its free prescription delivery program. The regional drug chain, which has 90 stores in North Carolina, said customers can now visit kerrdrugdelivers.com to find the nearest Kerr pharmacy to request free delivery.

Boehringer-Ingelheim helps raise colon cancer awareness

The fact that colon cancer is preventable but still kills 50,000 people every year has led Boehringer-Ingelheim Consumer Health Care to team up with the Colon Cancer Alliance on a yearlong project to raise awareness and help more people get screened for the disease.

NACDS gives take on federal report on counterfeit drugs

A federal report on the rise of counterfeit drugs drew comment this week from the National Association of Chain Drug Stores, which welcomes the government’s efforts to tackle the issue but opposes the mandate for a national track-and-trace system.

Walgreens sponsors life-saving training to honor Rep. Giffords

Walgreen Co. this weekend plans to sponsor American Red Cross life-saving training events at over 100 drug stores nationwide. To be held Saturday, March 19, the events are in honor of Rep. Gabrielle Giffords and those involved in the shooting in Tucson, Ariz., Walgreens said.