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Rite Aid reduces net loss in second quarter

Rite Aid reduces net loss in second quarter

Rite Aid Corp. trimmed its net loss, beating Wall Street’s forecast, but saw sales dip for its fiscal 2013 second quarter. Rite Aid said Thursday that revenue for the 13-week quarter ended Sept. 1 fell 0.6% to $6.2 billion from $6.3 billion a year earlier. The company attributed the decrease mainly

CVS Caremark OK’s $6 billion stock buyback program

The board of CVS Caremark Corp. has approved a new share repurchase program for up to $6 billion of the company’s outstanding common stock. The company said Wednesday that this new stock buyback program is slated to be completed over a multiyear period.

Hershey opens modernized plant

The Hershey Co. has opened the doors for what it calls "the world’s most technologically advanced chocolate making facility" that it said "positions the company for its next 100 years of global growth.

Walmart incentivizes healthier food purchases

As food and drug retailers strive to promote health and wellness, Walmart is giving consumers some incentive to make better choices in the grocery aisles. The discount store giant and partner HumanaVitality, a subsidiary of health insurer Humana Inc.

WoundSeal goes over the counter

WoundSeal, a topical powder designed to stop bleeding instantly for the more than 50 million seniors on blood thinners, is now available over the counter.

Rite Aid acquires Kentucky pharmacy

Rite Aid Corp. has purchased Town Hill Pharmacy, an independent drug store in Louisa, Ky. Terms of the transaction, announced Tuesday by Dallas-based merger-and-acquisition firm The Transition Companies LLC, weren’t disclosed.

USA Drug now officially part of Walgreens

Walgreen Co. has wrapped up its acquisition of regional drug store operator USA Drug. Walgreens announced the closing of the $438 million deal on Monday. Under the agreement, announced in early July, Walgreens purchased 144 drug stores, mainly in the mid-South region, from Stephen L.

CVS doubles up ExtraCare rewards

CVS/pharmacy is enabling shoppers enrolled in its loyalty program to earn bigger rewards on most purchases during the peak fall and winter shopping season. The drug chain said Monday that under a promotion running through Dec.