Walgreen Fiscal 4th-qtr Profit Jumps 69 Percent

The Associated Press, Denver Post: Business
Tue, 09/27/2011 - 4:49am

DEERFIELD, Ill.—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.

Sections: news business

Topics: drugs drugstore fourth quarter fourth quarter earnings otc drug pharmacy quarterly earnings walgreen

HTC Expects Brighter Second Quarter
Taiwan's HTC expects its second-quarter revenue and operating margin to rise from the first quarter, as sales of the new HTC One smartphone pick up. More
Mobile Efforts Help Propel Facebook’s Earnings
Facebook was once a darling of investors, then a turnoff. Now, a year after going public, the social network seems to have settled into a more stable relationship with Wall Street. But the company has still been taking pains to prove that it can make more money from its base of more than a billion users, especially from those using Facebook on mobile devices. More
All Eyes On Facebook's Mobile Growth And Graph Search Progress
Quick Take Facebook will release its Q1 2013 earnings on May 1. We expect healthy advertising revenue growth driven by improved mobile monetization and a growing user base. Margins will shrink due to higher headcount related costs and infrastructure investments. We’ll also look for any color on the success of Graph Search, which could be one of the key features of Facebook going forward. More
Cancer Physicians Attack High Drug Costs
More than 100 cancer specialists have banded together to persuade pharmaceutical companies to bring prices down, suggesting that the high prices for medicine needed to keep someone alive is profiteering. More
Swedish police find drugs on Bieber tour bus
The latest chapter in Justin Bieber's European tour escapade was added Thursday when Swedish police said they had found drugs and a stun gun on the pop singer's bus. Lars Bystrom, spokesman for the Stockholm police, told The Associated Press a small amount of drugs and a stun gun were discovered during a search of the bus, which had been parked under the Globen concert venue in Stockholm, where Bieber was performing Wednesday. More