Rite Aid Shares Tumble, Warns Over 2005
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Rite Aid Corp. RAD.N, the  third-largest U.S. drugstore chain, on Tuesday warned that its  fiscal 2005 results would fall below expectations if current  sales trends continue, driving its shares down 10 percent.
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Stocks dropped sharply on Wednesday as a steep quarterly loss at Merrill Lynch & Co. Inc.  and executives' warnings about possible future problems suggested the worst of the credit crisis may not be over.
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Rite Aid Corp. , the third-largest U.S. drugstore chain, on Tuesday warned that if current sales trends continue its fiscal 2005 results would fall below expectations it gave in September.
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U.S. stocks tumbled on Monday as a disappointing sales forecast from Wal-Mart Stores Inc.  raised doubts about consumers' holiday spending and Google Inc.  dropped after Barron's newspaper said the stock was overvalued.
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U.S. stocks slid on Tuesday after Merrill Lynch warned that ailing credit markets will hurt bank profits, while reports showing eroding consumer confidence and falling home prices added to concerns about the economy.
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Rite Aid Corp. , the No. 3 U.S.  drugstore chain, on Thursday said it will buy the Brooks and  Eckerd drugstore chains from Canada's Jean Coutu Group (PJC)  Inc. (PJCa.TO) for about $2.6 billion in cash and stock.
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U.S. stocks fell on Wednesday after a  profit warning from Coca-Cola Co. KO.N stoked fears about  corporate profits and a downgrade of the technology sector by  investment bank Goldman Sachs weighed on markets.
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NEW YORK Dallas-based Odyssey Healthcare stock plunged to a new low today. That comes after the hospice operator cut its full-year earnings estimate and said it was the target of a US Justice Department investigation.
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Stocks plunged on Tuesday after a record quarterly loss at top U.S. bank Citigroup Inc and a surprise drop in December retail sales fueled fears that the economy was heading into a recession.
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U.S. stocks tumbled on Tuesday after a warning by phone company AT&T  of soft consumer spending sparked a new round of recession fears, helping drive the S&P to its worst-ever five-day start to a year.
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Weak manufacturing data and massive losses at Merrill Lynch send US shares tumbling sharply lower.
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Krispy Kreme Donut shares sink in the US as it warns it has to restate its financial reports - a move that may wipe $4m from its 2004 profits.
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The specialty pharmacy company announced on Monday that falling reimbursements will significantly weaken its 2005 earnings. The warning comes just weeks after investors learned that Accredo could soon lose
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Stocks fell on Friday, led by  pharmaceutical shares after a U.S. health official raised  concerns about drug safety and a drop in chip-equipment makers  following a ratings downgrade by Goldman Sachs.
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Electrolux shares have tumbled after the world&#39;s largest maker of consumer electronics said profit in the second half of 2004 will be less than forecast.
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Rite Aid Corp , the No. 3 U.S. drugstore chain, reported a wider-than-expected quarterly loss on Thursday, and cut its full-year outlook citing current sales trends, pushing its shares down nearly 5 percent in premarket trading.
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U.S. stocks fell at the open on Tuesday after profit warnings from retailer Sears Holdings Corp.  and home builder D.R. Horton Inc  as the housing slump took its toll, raising concerns about the quarter's earnings outlook.