News Breaks |
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| February 6, 2013 |
| 08:53 EDT |  | CVS, ESRX, WAG | CVS says on track to deliver significant cost savings from streamlining efforts
Says expects to hit full run rate of annual savings of $225M-$275M beginning in 2014. Says working with CMS to resolve Medicare Part D sanction; says SilverScript members not affected by this action. In 2013, says expects to retain at least 60% of the scripts gained during the Walgreens (WAG)/Express Scripts (ESRX) impasse. Says will continue to take a "measured approach" to international growth plan. Comments made on the Q4 earnings conference call. |
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News For CVS;WAG;ESRX From The Last 14 Days Check below for free stories on CVS;WAG;ESRX the last two weeks. |
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| May 20, 2013 |
| 15:52 EDT |  | WAG | Walgreen downgraded to Market Perform from Outperform at Barrington
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| May 17, 2013 |
| 12:33 EDT | | WAG | AmerisourceBergen receives approval of Walgreens, Alliance Boots investment
AmerisourceBergen (ABC) announced that the parties have received regulatory approval of the previously disclosed agreement for Walgreen (WAG) and Alliance Boots GmbH to purchase an equity stake in the company. AmerisourceBergen continues to expect the new agreements to contribute an incremental $25B in revenues and approximately 20c in earnings per share in FY14, excluding the amortization of certain expenses related to the transaction and the warrants issued, certain non-recurring costs and a potential LIFO charge, and net of certain start up expenses. In addition, the company reiterated its expectations for financial performance for fiscal year 2013, which includes expected revenue growth in the 11%-13% range, and diluted earnings per share from continuing operations in the lower half of the range of $3.04 to $3.14, excluding certain expenses related to the relationship with Walgreens and Alliance Boots and the warrants issued, and the expected LIFO charge from onboarding of additional branded inventory. |
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| 10:42 EDT |  | ESRX | Leerink's healthcare technology & distribution analyst holds a conference call
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| May 15, 2013 |
| 17:30 EDT | | CVS | Relational Investors gives quarterly update on stakes
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| May 13, 2013 |
| 10:09 EDT |  | ESRX | On The Fly: Analyst Upgrade Summary
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| 09:56 EDT | | CVS | CVS Caremark has a conference call hosted by JPMorgan
JPMorgan Analyst Gill will host a conference call with CEO Larry Merlo on May 16 at 11 am. |
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| 08:32 EDT | | CVS, WAG | Walgreens extends CVS Caremark network provider agreement
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| 05:52 EDT | | ESRX | Express Scripts upgraded to Buy from Hold at Jefferies
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