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RadioShack loses money in last quarter, hurt by mobile
RadioShack lost $63.3 million in its fiscal fourth quarter, pressured by weaker mobile sales, and is looking to rebuild its business as it contends with fierce online competition.All eyes turn to Obama to unfreeze credit
The U.S. economy has little chance of recovering from what may prove to be its worst recession since World War II unless President Barack Obama shows he can get banks to lend money again. Since the Bush administration and Congress last year approved the $700 billion Troubled Asset Relief Program that injected capital into Bank of America Corp.Key Rite Aid Revenue Metric Falls
Rite Aid's revenue from established stores slipped 4 percent last month, as an earlier Easter and new generic drugs hurt sales for the nation's third largest drugstore chain.Industry Changes Mean FTC Likely to Greenlight Rite Aid Acquisition
Rite Aid announced last week that it is buying nearly 2,000 drugstores along the East Coast and Mid-Atlantic region. While the move is likely to be reviewed by regulators at the Federal Trade Commission, the deal is unlikely to suffer the same fate of a Rite Aid deal that was blocked a decade ago due to antitrust concerns. The difference is that there have been dramatic changes in the pharmacy industry during the past decade, with many different types of retailers now offering pharmacy services.Rite Aid Turns Fourth-Straight Quarterly Profit
Shares of Rite Aid Corp. jumped after the drugstore chain reported its fourth-straight quarterly profit and raised its forecast for fiscal 2014.Remember TechSearch, the company started by former Jenner & Block partner Anthony Brown that inspired the term "patent troll" a decade ago? Say hello to Brown's new project: Cascades Ventures.
CVS Caremark's quarterly profit rises 6 percent
CVS Caremark's fourth-quarter earnings climbed 6 percent, as new customers and Medicare prescription drug plans helped its pharmacy benefits management business, and revenue from the chain's established drugstores grew.Industry Changes Mean FTC Likely to Greenlight Rite Aid Acquisition
Rite Aid announced last week that it is buying nearly 2,000 drugstores along the East Coast and Mid-Atlantic region. While the move is likely to be reviewed by regulators at the Federal Trade Commission, the deal is unlikely to suffer the same fate of a Rite Aid deal that was blocked a decade ago due to antitrust concerns. The difference is that there have been dramatic changes in the pharmacy industry during the past decade, with many different types of retailers now offering pharmacy services.State AI Legislation Is on the Move in 2024
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