Walgreens to cut costs by $1 billion this year, with layoffs and store updates

Read Time:12 Second

Walgreens’ stock seesawed around the flatline Thursday, after the drugstore chain swung to a large quarterly net loss and trimmed its full-year outlook, but also reported the biggest beat for quarterly adjusted profit in at least five years.

About Post Author

Happy

0 %

Sad

0 %

Excited

0 %

Sleepy

0 %

Angry

0 %

Surprise

0 %

0

0

More Stories

Regional bank UMB Financial buying Heartland Financial in $2 bln all-stock deal

Heartland Financial’s stock jumps 16% in premarket trading

‘Our prenup stirred up resentment’: My husband, 62, lives in my home. I pay for his credit card, car loan, plus our vacations and groceries. He now wants to pool our assets.

“He has $1.2 million invested. I have close to $5 million in investments.”

The U.S. economy and stocks have likely dodged a recession: El-Erian

The U.S. is the sole major engine of global growth in an increasingly less-stable world.

Domino’s Pizza stock jumps 4.6% after earnings sweep past estimates and company backs long-term guidance

Pizza chain is backing its long-term guidance for global retail sales growth of 7% from 2004 to 2008.

SoFi rides surge in home-loan originations to a profit beat, and its stock gains

SoFi on Monday reported a profit beat for the latest quarter while boosting its full-year outlook.

Cannabis company MedMen files for bankruptcy with about $411M in liabilities as its fortunes go up in smoke

Former high-flying cannabis company MedMen Enterprises Inc. filed for bankruptcy protection late Friday with about C$561.5 million ($411 million) in...