• CVS Takes On Age With $10.4 Billion Cash Deal For Omnicare
    In the latest deal making the pharmaceutical industry ever more monolithic, CVS is acquiring Omnicare, the nation's largest provider of prescription meds to those in long-term care, for $10.4 billion in cash. It will also assume debt of $2.3 billion, putting a $12.7 billion price tag on the deal.
  • Target Hits Its Numbers - And More - In Turnaround Under Cornell
    Same-store sales for Target rose 2.3% for the first quarter, the Minneapolis-based retailer announced yesterday, and e-commerce zoomed 38%, suggesting that the shake-up led by Brian Cornell since he took over as CEO in August is taking root even as the category itself is resistant to growth. The bottom line showed 52% improves, with a $635 million profit.
  • Takata Reverses Gear, Recalls 34 Million Vehicles For Air Bag Repairs
    After months of news stories, pressure from government agencies and lawmakers, and six deaths worldwide linked to air bags that exploded with too much force, Tokyo-based Takata announced yesterday that it has consented to recall 33.8 million vehicles across 11 manufacturers for repairs in the U.S. - about double the previous amount already recalled by automakers.
  • Dressbarn Parent Ascena Dons Ann Taylor For $2.1 Billion
    After months of rumors that its parent company - Ann Inc. - was looking for a buyer, Ann Taylor, Loft and Lou & Grey have been sold for more than $2.1 billion to Ascena Retail Group, whose holdings including plus-size clothier Lane Bryant and Dressbarn.
  • 'Pitch Perfect 2' Hits Right Note With Young Female Audience
    Universal's "Pitch Perfect 2," directed by Elizabeth Banks, not only made more money over its opening weekend - $70.3 million - than its predecessor did for its entire theatrical run ($65 million), it's also the highest-grossing launch for a musical and for a first-time director. And, as many headlines tell us, it did a number on the male-targeted "Mad Max: Fury Road," which rang up a lesser $44.4 million despite its more favorable reviews.
  • Carl's Jr. And Hardee's Serve Up 1,000-Calorie 'Most American Cheeseburger'
    Sound the John Philip Sousa. In time for the traditional Memorial Day and July 4 celebrations at the local fast-food joint, Carl's Jr. and Hardee's are rolling out a concoction called The Most American Cheeseburger.
  • Retailers Display Innovations As Sales Show Little Improvement
    With retail sales flat last month, Macy's said yesterday that it would be taking about 150 of its stores slightly upscale, Walmart announced a free-shipping program like Amazon Prime (without the music, video or other perks) and J.C. Penney posted a smaller loss than analysts expected as outgoing CEO Mike Ullman told analysts that the faltering chain is "switching gears from defense to offense."
  • New York Road Runner's Wittenberg Will Run New Entrant, Virgin Sport
    Richard Branson, who never seems to run out of new ideas for extending the Virgin brand name, yesterday posted a blog item about his latest venture - Virgin Sport, which "aims to change the health and wellness game for good." Mary Wittenberg, who for a decade has led New York Road Runners (NYRR), which conducts the TCS New York City Marathon among other events, will be its CEO.
  • European Parents Talking Merger To Create Fifth-Largest U.S. Supermarket Chain
    The parent companies of Stop & Shop and Hannaford and other U.S. supermarkets - Netherlands-based Royal Ahold NV and Belgium-based Delhaize Group, respectively - confirmed this morning that they are in the early stages of merger talks that would create the fifth-biggest supermarket chain in the States.
  • Expanding In U.S., Alibaba Takes 9% Flash Sale Stake In Zulily
    Alibaba, the Chinese e-commerce juggernaut, has acquired a more than 9% stake in the Seattle-based online retailer Zulily, it disclosed in a Securities and Exchange Commission filing on Friday, a day after it elevated COO Daniel Zhang to the CEO position as it seeks to expand its presence in global markets.
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