WASHINGTON (AP) — Burger King is drawing a lot of flak over plans to shift its legal address to a foreign country by merging with Tim Hortons, the Canadian coffee-and-doughnut chain.
The transaction is called a corporate inversion, a maneuver that is becoming popular among companies looking to lower their tax bills.
2. Walgreen turns down inversion to cut tax bill; shares fall 14% - Friday, August 01, 2014
Growing political heat and possible customer backlash helped dissuade Walgreen from trying to trim its tax bill by reorganizing overseas as part of an acquisition.
But experts say they don't expect other companies considering the move to follow Walgreen's lead and stay rooted in the United States.
3. Walgreen CFO leaves, replaced with Kraft exec - Friday, August 01, 2014
Walgreen's top financial officer is leaving the largest U.S. drugstore chain as it nears a key decision about its future that could involve a politically touchy overseas reorganization.
Walgreen said Monday it will replace Wade Miquelon with former Kraft Foods executive Timothy McLevish as executive vice president and chief financial officer, effective immediately.4. US companies look overseas for tax bill relief - Friday, July 11, 2014
A growing number of U.S. companies are looking to trim their tax bills by combining operations with foreign businesses in a trend that may eventually cost the federal government billions of dollars in revenue.5. Retailers launch cybercrime info sharing center - Friday, May 09, 2014
NEW YORK (AP) — Some of the country's largest retailers are banding together in hopes of protecting consumers' personal and financial information from hackers and thieves.
The Retail Industry Leaders Association, along with several top retailers ranging from Gap Inc. to Walgreen Co., on Wednesday launched an intelligence sharing center focused on the prevention of cybercrimes against retailers.6. Stocks edge higher as US service sector improves - Friday, May 02, 2014
NEW YORK (AP) — Stocks are closing slightly higher as enthusiasm about an improving U.S. service sector outweighed concerns about China.
The market started the day lower on news that manufacturing contracted in China in April for the fourth month in a row.
7. Stocks move higher on Wall Street; Sonic gains - Friday, March 21, 2014
NEW YORK (AP) — Stocks got a lift Tuesday as health care companies bounced back after a heavy sell-off.
Biotechnology stocks in the Standard & Poor's 500 index rose for the first time in five days after a sharp sell-off that prompted by concern over costs of the drugs they make. Merck and Boston Scientific were among the companies that rose.
8. CVS Caremark plans to stop tobacco products sales - Friday, January 31, 2014
CVS, the nation's second-largest drugstore chain, is kicking the habit of selling tobacco products as it continues to shift its focus toward being more of a health care provider.
The company said Wednesday that it will phase out cigarettes, cigars and chewing tobacco by Oct. 1 in its 7,600 stores nationwide, in a move that it says will help it grow its business that works with doctors, hospitals and others to improve customers' health.
9. Walgreen fiscal 4Q profit soars 86 percent - Friday, September 27, 2013
Walgreen says its fiscal fourth-quarter earnings soared 86 percent, as the nation's largest drugstore chain booked gains from inventory accounting and its acquisition of a stake in European health and beauty retailer Alliance Boots.10. Markets rise even as US government shutdown starts - Friday, September 27, 2013
NEW YORK (AP) — Investors stayed calm on the first day of a partial shutdown of the U.S. government Tuesday and sent the stock market modestly higher.
A long-running dispute in Washington over President Barack Obama's health care law caused a deadlock over the U.S. budget, forcing about 800,000 federal workers off the job and suspending all but essential services. With the Republican-controlled House of Representatives and Democratic-controlled Senate locked in a stalemate, it was unclear how long a temporary bill needed to finance government activities would be stalled.
11. Walgreen moves health coverage to private exchange - Friday, September 13, 2013
Walgreen Co. is joining a growing push from big businesses to shift more responsibility for finding insurance onto their employees as health care costs continue to climb.
The nation's largest drugstore chain said Wednesday that it will send workers to a private health insurance exchange where they will pick from as many as 25 plans instead of having the company give them two to four options.
12. Stocks edge higher after encouraging jobs reports - Friday, August 30, 2013
NEW YORK (AP) — Stocks edged higher Thursday after a pair of reports provided more evidence that the U.S. is maintaining a slow but steady economic recovery.
The number of Americans seeking unemployment benefits dropped last week and is near the lowest level since June 2008, the Labor Department said Thursday. Weekly applications are just 1,000 above a five-year low reached last month.
13. Market rises: less on Fed chatter, more on economy - Friday, June 21, 2013
NEW YORK (AP) — Wall Street got back to focusing on the economy instead of the Federal Reserve on Tuesday, sending stocks higher.
Four reports showed a brightening U.S. economy. Housing and manufacturing continued to improve, and consumer confidence hit its highest level in 5 1/2 years.
14. Walgreen fiscal 3Q profit jumps 16 percent - Friday, June 21, 2013
Walgreen says its fiscal third quarter earnings jumped 16 percent compared to last year, when a business split hurt results for the nation's largest drugstore chain.
The Deerfield, Ill., company reported net income of $624 million, or 65 cents per share, in the quarter that ended in May. That's up from $537 million, or 62 cents per share, a year ago. Revenue rose about 3 percent to $18.31 billion.15. Walgreen clinics expand care into chronic illness - Friday, March 29, 2013
Walgreen Co. has expanded the reach of its drugstore clinics beyond treating ankle sprains and sinus infections to handling chronic diseases such as diabetes, asthma and high blood pressure.16. Google to deliver goods to online shoppers - Friday, March 29, 2013
SAN FRANCISCO (AP) — Internet search leader Google is taking another step beyond information retrieval into grocery delivery.
The new service, called Google Shopping Express, will initially provide same-day delivery of food and other products bought online by a small group of consumers in San Francisco and suburbs located south of the city.17. Walgreen to acquire stake in AmerisourceBergen - Friday, March 15, 2013
DEERFIELD, Ill. (AP) — Walgreen is expanding its supply agreement with AmerisourceBergen through a 10-year deal that gives the nation's largest drugstore chain an ownership stake in the pharmaceutical wholesaler.18. Walgreen fiscal 1Q profit sinks nearly 26 pct - Friday, December 21, 2012
Walgreen's fiscal first-quarter earnings sank nearly 26 percent as costs tied to a couple big deals and Superstorm Sandy helped put a bigger-than-expected dent in the drugstore chain's performance.19. Stocks sink after Republicans cancel budget vote - Friday, December 21, 2012
NEW YORK (AP) — Investors sent Washington a reminder Friday that Wall Street is a power player in talks to avoid the "fiscal cliff."
Stocks fell sharply after House Republicans called off a vote on tax rates and left federal budget talks in disarray 10 days before sweeping tax increases and government spending cuts take effect.20. Walgreen 4Q profit falls 55 pct, tops forecasts - Friday, September 28, 2012
Walgreen says its fiscal fourth quarter net income tumbled 55 percent compared to a year ago when the drugstore operator recorded a big gain from a business sale. Its adjusted earnings still trumped Wall Street expectations.21. Walgreen finishes $438M deal for drugstore chain - Friday, September 14, 2012
DEERFIELD, Ill. (AP) — Walgreen Co. has completed its $438 million purchase of a regional drugstore chain that operates in several states under the USA Drug, Super D Drug and Med-X names.22. US stocks creep up; IBM, other tech stocks rise - Friday, July 13, 2012
NEW YORK (AP) — Strong earnings from IBM and other technology companies nudged the stock market higher Thursday, but a trio of weak economic reports kept the gains in check.
The Dow Jones industrial average rose 19 points to 12,927 shortly after 1:30 p.m. Eastern.23. Walgreen to spend $6.7B on Alliance Boots stake - Friday, June 15, 2012
Walgreen Co. will pay $6.7 billion in cash and stock to buy a stake in European health and beauty retailer Alliance Boots in the first international venture for the largest U.S. drugstore chain.24. Stocks snap higher on hopes for new Fed action - Friday, June 15, 2012
NEW YORK (AP) — Stocks rose sharply on Wall Street Tuesday as traders turned their focus back to corporate news from the U.S. and hopes that the Federal Reserve will come up with a plan to jumpstart the economy. Banks and materials stocks led the market higher.25. Top commercial real estate transactions for April 2012 - Friday, May 25, 2012
Top commercial sales for Davidson, Williamson, Rutherford and Wilson counties, as compiled by Chandler Reports.
Chandler Reports has been publishing Real Estate Market Data since 1968. That year, Chandler began collecting residential sales information for the Chandler Residential Report, considered the authoritative source for residential real estate sales information. Over the next three decades, the publications have been continually refined, enhanced and expanded, growing to include lot sales data, new residential construction and absorption information, and commercial sales. In 1987, Chandler Reports began one of the first on–line real estate market data services in the country, and is a nationally recognized leader in the industry. In 2004, Chandler Reports was purchased by The Daily News Publishing Co. In 2007, Chandler introduced RegionPlus, including property research for Nashville and Middle Tennessee. Visit online at chandlerreports.com.26. Stock market decline is muted, despite bank slump - Friday, May 11, 2012
JPMorgan's surprise $2 billion trading loss prompted a sell-off in financial stocks Friday, but just small declines in the broader market as investors decided this was a problem for investment banks and not other industries.27. Walgreen fiscal 2Q profit slides nearly 8 percent - Friday, March 23, 2012
Drugstore operator Walgreen Co.'s fiscal second-quarter earnings fell almost 8 percent due in part to its decision to leave the Express Scripts pharmacy network, but the performance still topped analyst expectations.28. AXA Advisors select Hart as executive VP - Friday, December 09, 2011
T. Scott Hart has been named executive vice president of AXA Advisors, LLC’s Tennessee office based in Franklin, part of the company’s National Division. In this new role, Hart has overall responsibility for the office and its more than 60 financial professionals working in Tennessee. He will also focus on recruiting, training and developing individuals who want to grow as entrepreneurial financial professionals.29. Walgreen fiscal 4th-qtr profit jumps 69 percent - Friday, September 23, 2011
DEERFIELD, Ill. (AP) — Drugstore operator Walgreen Co. says its fiscal fourth-quarter profit jumped 69 percent, boosted in part by a gain from the sale of its pharmacy benefits management business.