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Equity futures are pointing higher this morning with the Dow Jones Industrial Average looking to open 72 points higher while the broader S&P500 index is looking to open over 8 points higher.
Larry Merlo, President and Chief Executive Officer, stated: "2011 is off to a good start, with results slightly above guidance for both our retail and PBM businesses. We also generated $1.6 billion in free cash this quarter, more
CVS Caremark (NYSE:CVS) reported Q1 EPS of $0.57 today, beating the consensus estimate for $0.55 per share. Revenues for the quarter were up 8.9% year-over-year to $25.9 billion, in-line with the consensus estimate.
BMO upgraded the stock to "outperform" from "market perform," and lifted adjusted-earnings-per-share estimates to $2.89 and $3.30 for 2011 and 2012, respectively. The price target was set at $43, representing a target p/e multiple
CVS Caremark Corp. (CVS) jumped out of the gate and is holding most gains, up 2.5% in afternoon trading, on a boost from a BMO Capital Markets upgrade and raised full-year estimates this morning based on strong business fundamenta
CVS Caremark (CVS) announced that it will appoint Larry Merlo as new CEO when current CEO Thomas M. Ryan retires on March 1, 2011. Merlo is currently the president and chief operating officer, while Ryan will remain chairman of th
The Plaintiffs in the lawsuit, three independent pharmacies, have accused CVS of obtaining patient information from independent pharmacies and then using that information to cause patients to purchase their medicine at CVS.
CVS Caremark (CVS) has been sued by North Carolina pharmacies, which have alleged that CVS violated the North Carolina Pharmacy of Choice Act, as well as committing unfair and deceptive business practices.
Life insurer Universal American Financial (NYSE:UAM) updated its 2010 forecast yesterday and said it now sees sales of $5.65 billion, in between the company's prior guidance range of $5.6-$5.7 billion and slightly below the the co
Officials from CVS Caremark Corp. (NYSE:CVS) said Friday that the firm has entered into an agreement with Universal American Corp.
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One of today's stocks on the move is Aflac (NYSE:AFL), up 1.6% to $56.71. The Dow is u ...
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Up 1.6% to $30.47, NuStar Holdings (NYSE:NSH), is one of today's notable movers. The D ...
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Brookfield Properties (NYSE:BPO) is one of today's notable stocks in decline, down 1.6% ...
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Up 1.6% to $61.86, Energy Transfer Equity (NYSE:ETE), is one of today's notable movers. ...
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CoBiz Financial (NASDAQ:COBZ) is a company whose shares are active, trading 1.6% higher ...
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Las Vegas Sands (NYSE:LVS) is a company whose shares are active, trading 1.6% higher to ...
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One of today's stocks on the move is Simpson Manufacturing (NYSE:SSD), up 1.6% to $30.0 ...
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Up 1.6% to $54.90, NACCO Industries (NYSE:NC), is one of today's notable movers. The S ...
From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up
its...
The Wall Street Journal reports that home prices showed their best year-to-date gains since 2005, up 5.9% through July, signaling the housing market's steady march toward recovery. Also from the Wall Street Journal, IBM (IBM) will increase its efforts to sell so-called cloud computing services...
CEO Marissa Mayer is bringing in some more new blood to Yahoo!, tapping Ken Goldman as the company's new Chief Financial Officer. Goldman's appointment will take effect on October 22nd.
Goldman served as CFO at his most recent employer, Fortinet, having worked at Siebel Systems, Sybase,...
