Walgreens quarterly sales, profit beat expectations as chain grows online sales

The Walgreens store at State and Randolph Streets in Chicago. Nancy Stone | Chicago Tribune | Tribune News Service via Getty Images Walgreens Boots Alliance on Thursday reported quarterly sales and earnings that came in above expectations as it grew online sales and continued to administer Covid-19 vaccines. The drugstore chain stood by its outlook for the full year, saying it expects adjusted earnings per share to grow by the low single-digits. Shares of the company were down by about 2% in premarket trading. Here’s what the company reported compared…

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Spirit delays shareholder vote on merger hours before meeting to continue deal talks with Frontier, JetBlue

A Spirit Airlines plane on the tarmac at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Spirit Airlines on Wednesday delayed shareholder vote on its proposed merger with Frontier Airlines until July 8, hours before a meeting scheduled for Thursday so it can further discuss options with Frontier and rival suitor JetBlue Airways. It is the second time Spirit has delayed a vote on its planned combination with Frontier and extends the most contentious bidding war of a U.S. airline…

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RH shares slide after company lowers its outlook for the year

Jason Kempin | Getty Images Entertainment | Getty Images High-end furniture chain RH on Wednesday slashed its outlook for 2022 revenue, anticipating consumer demand for its products will continue to soften in the back half of the year. The company now sees annual sales down between 2% and 5%, compared with prior expectations that saw sales flat to up 2%. It said it still anticipates revenue in its fiscal second quarter to be down between 1% and 3% from prior-year levels. RH shares fell nearly 8% in after-hours trading following…

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Bed Bath & Beyond says it’s still open to selling its Buybuy Baby division

A view of the atmosphere during the Whitney Port & Bundle Organics #MomAsYouAre buybuyBABY product launch in Torrance, California. Randy Shropshire | Getty Images As Bed Bath & Beyond shakes up its leadership suite and ousts its CEO, the retailer said Wednesday it remains open to another big change: A potential sale of its baby gear chain, Buybuy Baby. “The business is a very attractive business, and we’re not alone in appreciating its value,” interim CEO Sue Gove said on a call with analysts when asked if a sale was…

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Delta offers free flight changes over July Fourth weekend ahead of possible ‘operational challenges’

An Airbus A330-323 aircraft, operated by Delta Air Lines. Benoit Tessier | Reuters Delta Air Lines is allowing travelers to change their tickets for free during the busy Fourth of July weekend, allowing fliers to avoid paying a fare difference and skip the airport during a “potentially challenging” few days. The unusual offer, normally extended for bad weather and limited to certain airports, comes as Delta and other airlines gear up for what could be the busiest travel period since before the Covid pandemic and scramble to keep a lid…

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Bed Bath & Beyond announces CEO is leaving, as it sharply misses quarterly expectations

A pedestrian walks by a Bed Bath and Beyond store in San Francisco, California. Justin Sullivan | Getty Images Bed Bath & Beyond on Wednesday said it is replacing CEO Mark Tritton as part of a leadership shakeup, after the home goods retailer sharply missed Wall Street’s expectations on quarterly earnings and revenue. Shares fell about 13% in premarket trading. The company’s board said Sue Gove, an independent director on the board, will step in as interim chief executive. “We must deliver improved results,” she said in a news release.…

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Fight for Spirit Airlines goes down to the wire with competing bids from Frontier and JetBlue

A Frontier Airlines plane near a Spirit Airlines plane at the Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images The most heated airline battle in recent years comes to a head on Thursday when Spirit Airlines‘ shareholders vote on a proposed tie-up with fellow discount carrier Frontier Airlines while rival suitor JetBlue Airways circles with increasingly sweetened takeover bids. Spirit has repeatedly rebuffed sweetened, all-cash bids from JetBlue, arguing that such a takeover wouldn’t pass muster with regulators, and has stuck…

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Movies have momentum headed into the second half of 2022, if inflation doesn’t spoil it

“Top Gun: Maverick” rocketed to $1 billion at the global box office over the weekend, setting a new career milestone for star Tom Cruise and signaling some momentum for the domestic box office as it heads into the second half of the year. The Paramount and Skydance film is the second feature to reach the $1 billion benchmark since March 2020, when the Covid pandemic halted production and shut down theaters. Box office analysts are hanging hopes for a strong second half of 2022 on the domestic ticket sales for…

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U.S. to deploy nearly 300,000 monkeypox vaccine doses to fight outbreak

Mock-up vials labeled “Monkeypox vaccine” are seen in this illustration taken, May 25, 2022.  Dado Ruvic | Reuters The U.S. will deploy nearly 300,000 monekypox vaccine doses in the coming weeks in an effort to stamp out an outbreak of the virus that continues to grow. The Centers for Disease Control and Prevention is recommending that people who have had confirmed or presumed monkeypox exposures get vaccinated against the virus. Vaccination should occur within two weeks of exposure to the virus but the sooner the better, according to the CDC.…

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FDA panel recommends changing Covid shots to fight omicron this fall

A healthcare worker prepares a syringe with the Moderna COVID-19 vaccine at a pop-up vaccination site operated by SOMOS Community Care during the COVID-19 pandemic in Manhattan in New York City, January 29, 2021. Mike Segar | Reuters The Food and Drug Administration’s panel of independent vaccine experts on Tuesday voted 19 to 2 to recommend new Covid-19 shots that target the omicron variant this fall, when public health officials are expecting another wave of infections. It is the first time the panel has proposed that vaccine makers modify the…

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