, May 1 (Reuters) – Sears Holdings Corp
Chairman and Chief Executive Eddie Lampert used the
retailer’s annual meeting on Wednesday to reassure investors
that he planned to build on the foundation laid by the former
CEO to turn around the retailer.

Lampert, a well-known hedge fund manager and the company’s
controlling shareholder, added the title of CEO in February
after Louis D’Ambrosio abruptly stepped down from that role due
to a family member’s health issue.

By Jessica Wohl

(Reuters) – CVS Caremark Corp is set to provide pharmacy benefit and other services for 1.1 million CareFirst BlueCross BlueShield members starting next year, a deal that could represent about $1 billion in annual spending on medications and boost CVS’ profit by a penny per share, an industry analyst said.

The three-year contract is the latest win for CVS Caremark, which has been gaining ground with its combined approach of running retail drugstores and a pharmacy benefits management business.

By Nivedita Bhattacharjee and Jessica Wohl

(Reuters) – The factory collapse in Bangladesh that killed over 300 people this week is a stark reminder of the risks in the global retail industry’s search for cheap production.

But there have been few signs that safety issues and other questionable labor conditions are sending shockwaves through the major Western retailers, their shareholders or the people who buy the clothes in the United States, Europe and elsewhere.