DJIA: 18,232.02  -53.72 (-0.29%) | NASDAQ: 5,089.362  -1.433 (-0.03%) | S&P 500: 2,126.06  -4.76 (-0.22%) Markets status unavailable

  • Show Article Details

    You know CVS: It's the place you go to buy everything from cold medicine to eye drops and hand sanitizer. The answer is simple: "CVS is a retail pharmacy where you can walk into the store," said Charles Rhyee, an analyst with Cowen in New York.

  • Show Article Details

    Drugstore operator CVS Health Corp. (CVS) said Thursday that it will acquire pharmacy services provider Omnicare Inc. (OCR) for $12.7 billion.  . The purchase will help CVS expand its ability to provide prescriptions to assisted-living and LTC facilities, serving the rapidly aging American senior patient population. The transaction is one in a series of deals in the pharmacy benefits management sector.

  • Show Article Details

    CVS Health (CVS) shares are up 1.96% to $103.22 in early market trading on Thursday after the retailer announced the purchase of nursing home pharmacy Omnicare (OCR) in a $12.7 billion deal, furthering CVS' position as the largest U.S. prescription drug retailer.The Woonsocket, RI-based company will pay $98 per share in cash, a 21% premium over the stock's closing price yesterday. Omnicare (OCR) has about 13,000...

  • Show Article Details

     Investors have been speculating about a potential Stanley Black & Decker (SWK) split since the day the company was formed back in 2010. Stanley Works timed the market well with its $4.5 billion purchase of Black & Decker, bulking up on power tools and construction gear ahead of a rebound in the housing market.

  • Show Article Details

    The supervisory board of Russian state development bank VEB has approved providing $3 billion in banking guarantees to Novatek to support its Yamal LNG project, the bank's chairman Vladimir Dmitriyev told reporters on Thursday. Dmitriyev said he hoped that under the deal no hard cash would be needed.

  • Show Article Details

    Warren Buffett's biggest maneuver in the first quarter of the year was, without a doubt, investing $10 billion alongside 3G Capital to orchestrate the merger of H.J. Heinz Co. and Kraft Foods Group (KRFT), Another of major move for Buffett? Buffett is not the only billionaire investor to have made a move that some might find surprising in the first quarter of 2015.

  • Show Article Details

    Dollar Tree Inc. (DLTR) shares slumped 3.3% in premarket trade Thursday, after the discount retailer reported fiscal first-quarter profit and sales that missed expectations, and provided a downbeat outlook for the current quarter. For the quarter ended May 2, net earnings fell to $69.5 million, or 34 cents a share, from $138.3 million, or 67 cents a share, in the same period a year ago. Excluding non-recurring items, such as acquisition-related costs, adjusted earnings per share came in at...

  • Show Article Details

    Wireless technology provider Qualcomm Inc. (QCOM) said Thursday it has entered accelerated share buyback agreements with two financial institutions for $5 billion of its common stock. The company is funding the deal with the proceeds from a recent debt offering of $10 billion. Shares were up 0.5% in premarket trade, but are down 7% in the year so far, while the S&P 500 has gained 3%.

  • Show Article Details

    B. of A. suggests going against grain with M&A, capex plays. The most popular use of corporate cash over the past several years has been the stock buyback as corporations cite a lack of better uses for capital. As a result, those stock buybacks have boosted the value of those that aren't gobbled up.

  • Show Article Details

    Deal to boost pharmacy chain's services for the growing senior population. CVS Health Corp. (CVS) has agreed to buy pharmacy-benefits provider Omnicare Inc. (OCR) in a deal valued at $12.7 billion, a tie- up that will boost the pharmacy chain's services for the growing senior patient population. The offer for $98 a share in cash is a 3.6% premium to Omnicare's (OCR) closing price on Wednesday.

  • Show Article Details

    Updated from 7:16 a.m. Here are 10 things you should know for Thursday, May 21: 1. -- U.S. stock futures were sinking Thursday as investors felt dissatisfied with the Federal Reserve's reticence about when it would raise rates, and as big banks paid huge fines for foreign exchange rate rigging.

  • Show Article Details

    A Russian government commission should decide on Schlumberger's bid for Eurasia Drilling in two to three weeks, an official from Russia's Federal Antimonopoly Service said on Thursday. Dmitry Makhonin also said FAS had no objections to the deal from a competition point of view, but added that a special governmental commission would have the final word on the matter.