By Jessica Wohl
(Reuters) – Walgreen Co (WAG.N: Quote, Profile, Research, Stock Buzz) reported a much higher quarterly profit on Tuesday as it filled more prescriptions and enticed shoppers with offers and updated stores, and it said sales trends kept improving in September.
Shares of Walgreen, the largest U.S. drugstore operator, were up 4.4 percent at $56.17 on the New York Stock Exchange after rising as high as $56.69.
By Jessica Wohl
(Reuters) – Outdated, poorly managed factories can be fixed in ways that help workers, the environment and socially conscious investors willing to provide the funding, according to a new firm that plans to invest in Bangladesh and elsewhere.
Oliver Niedermaier, the founder and chief executive of New York-based Tau Investment Management LLC, said he saw a need for equity-style investments in rundown factories including those in the garment industry well before the April collapse of the Rana Plaza factory and the November fire at a Tazreen Fashions factory in Bangladesh.
$JCP now trading 12 cents above yesterday’s closing price after company said it is pleased with its own progress.
Sept 25 (Reuters) – Target Corp will launch a free
service on Wednesday that lets shoppers set up recurring
deliveries of bulky baby goods, a move that mimics Amazon.com
Inc and is aimed at attracting more moms.
Target has a battle ahead since it is not the first to offer
such delivery, and for now is only selling 150 items such as
diapers, baby wipes and formula.
(Reuters) – Wal-Mart Stores Inc, whose focus on low-cost sourcing helped to fuel the offshoring of U.S. manufacturing, has been promoting a patriotic new image in recent months.
The Bentonville, Arkansas-based company says it is “leading an American renewal in manufacturing” and “bringing jobs back to the U.S.” with its pledge made in January to buy an additional $50 billion in U.S.-made goods over the next 10 years.