Walgreens closing stores to complete Rite Aid deal
October 26, 2017
Walgreens plans to close about 600 locations as it concludes a $4.38 billion deal to acquire nearly 2,000 stores from Rite Aid. Most of the stores slated to close will be Rite Aid locations that are within a mile of another store owned by Walgreens.
Recent News
New Nintendo Theme Park to Open in Orlando
It’s set to open in 2025.
Novo Noradisk Announces $6B Investment in Ozempic, Wegovy Amid Shortages
The money will help meet increased demand for the drugs.
EV Battery Tax Credit Rules Change in the US
The U.S. government has made some tweaks to electric vehicle (EV) tax credits, possibly paving the way for more EVs to qualify for credits of up to $7,500. These tax credits range from $3,750 to $7,500 for new EVs, with a $4,000 credit available for used ones.
Starbucks CEO Faces Challenges Amidst Stock Decline, Sales Drop
Laxman Narasimhan, CEO of Starbucks Corp. (SBUX), finds himself in a tough spot with plunging shares and declining sales, just a year into his tenure.