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Major Drug Retailers Lose Over USD 12.8 Billion in Value

Major Drug Retailers Lose Over USD 12.8 Billion in Value

Shares of CVS (NYSE: CVS), Walgreens (NYSE: WBA) and Rite-Aid (NYSE: RAD) lost USD 12.8 Billion in value after Amazon.com, Inc. (NASDAQ: AMZN) announced that it had signed an agreement to buy the online pharmacy, PillPack, on Thursday.PillPack organ..

Walgreens has joined as the newest member of Dow with the exit of General Electric on Tuesday.

Walgreens has joined as the newest member of Dow with the exit of General Electric on Tuesday.

Walgreens Boots Alliance Inc (NASDAQ: WBA) is a giant drug store chain that started in Chicago in 1901, and chances are you've either heard of the brand or shopped at one. The latter part of the company name, Boots Alliance, refers to the c..

UPS invests $130 million into natural gas vehicles and fueling stations

UPS invests $130 million into natural gas vehicles and fueling stations

United Parcel Service, Inc. (NYSE: UPS), one of the largest U.S. shipping companies, announced today in a press release that they have plans to build an additional five compressed natural gas fueling stations and more than 700 new compressed natural..

Tesla Shares Fall on Morgan Stanley’s Negative Report

Tesla Shares Fall on Morgan Stanley’s Negative Report

Tesla Inc. (NASDAQ: TSLA) shares fell on Tuesday after Morgan Stanley cut its target for the electric car company, citing concerns on the company’s profitability.According to CNBC, Morgan Stanley’s analyst Adam Jonas cut his price target..

Walgreens Made Takeover Approach to AmerisourceBergen

Walgreens Made Takeover Approach to AmerisourceBergen

The Wall Street Journal reported this Monday that Walgreens Boots Alliance Inc. (NASDAQ: WBA) has made a takeover approach to drug distributor AmerisourceBergen Corp. (NYSE: ABC). This move is expected to “boost profitability at the drugstore ..

Greenspan Says the US is in a Stock Market Bubble

Greenspan Says the US is in a Stock Market Bubble

Alan Greenspan, the former chairman of the Federal Reserve, said that there exists two bubbles- the bond market bubble and the stock market bubble. He warned that the bond market bubble, although benign in the short-term, could turn fatal for the US..

Tesla acquires Perbix to ramp up Model 3 production

Tesla acquires Perbix to ramp up Model 3 production

Tesla Inc. (NASDAQ: TSLA) has been facing serious drawbacks in its Model 3 production, as the company failed and produced under 80 percent what it had promised for the third quarter. Tesla only deployed 222 Model 3 vehicles in the third quarter.The ..