Walgreen, the leading U.S. pharmacy chain, recently increased its quarterly dividend by 28.6%, the largest increase in the company's 110-year history, from 17.5 cents a share to 22.5 cents a share. But is it giving away cash it's really going to need for its expansion plans?
CVS Caremark and Walgreen are the leading pharmacy chains in the U.S. While both have been aggressively expanding their retail footprints, there has been a gradual decrease in the average size of the newly opened stores. Here's why they're going small, and what it means for their profits.
After years of trying to expand its online presence through organic growth, giant drug store chain Walgreen has decided to buy a bigger Web footprint, acquiring drugstore.com, the country's eighth-largest e-tailer -- and it's paying a premium price.
Oracle, Discover and Tiffany are all expected to report year-over-year growth for their most recent quarters this week. Meanwhile, many will be looking for an updated snapshot of the housing market, with three sets of real-estate data coming out.
This is a busy time of year for hackers out to steal personal and financial information during the hectic online holiday shopping season. Among the big companies recently hit are McDonald's, Gawker and Walgreen. Don't let your vigilance slip amid the merrymaking.
Walgreen Chief Financial Officer Wade Miquelon was arrested on drunk driving charges last month -- his second such arrest in a little more than a year. The drugstore chain calls it a personal matter, but when it comes to executives, when does personal irresponsibility become a corporate problem?
Johnson & Johnson, Walgreen and CVS all received letters from the U.S. Food and Drug Administration warning the companies to remove claims that mouthwash helps prevent gum disease. The letters continue U.S. regulators' crackdown on alleged false advertising from retailers and consumer-goods makers.
Pharmacy giant Walgreen's earnings are expected to be flat year-over-year, while Family Dollar Stores and electronics manufacturer Jabil Circuit are expected to post earnings gains.
