STOCKS NEWS US-CVS surges after results, lifting Walgreen
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U.S. stock market report [.N] 1120 ET 19Feb2009-CVS surges after results, lifting Walgreen ------------------------------------------------------------------------------
Shares of CVS Caremark (CVS.N) rallied on Thursday, lifted after the drug store chain reported fourth-quarter earnings that rose from the prior year, lifted by growth in its pharmacy services and retail drugstore units. It also affirmed its 2009 outlook. [ID:nN19447150]
The stock gained 7.3 percent to $28.97 while peer company Walgreen (WAG.N) was up 3.4 percent to $26.51. Rite Aid (RAD.N) rose 2.5 percent to 25 cents in composite trade.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 1112 ET 19Feb2009-Energy stocks rise after EIA report ------------------------------------------------------------------------------
Oil prices rose after a government report showed an unexpected drop in crude inventories [ID:nEIA000013], lifting energy stocks such as Exxon Mobil (XOM.N) and Chevron (CVX.N) and helped cushion U.S. markets from weak economic data on Thursday.
Chevron gained over 2 percent to $67.47, making it the top performer on the Dow while Exxon Mobil rose 1.1 percent to $72.71. The S&P Energy index .GSPE gained 1.4 percent. (Reuters Messaging:rm://Charles.mikolajczak.reuters.com@reuters.net) 1052 ET 19Feb2009-Expedia falls after results, Priceline surges ------------------------------------------------------------------------------
Shares of Expedia Inc (EXPE.O) tumbled on Thursday, after the company reported a net loss that came on a $3 billion goodwill impairment charge that stemmed from a decline in its market capitalization.
The total value for fourth-quarter bookings was $4 billion, the online travel agency said, down 11 percent from the prior year. [ID:nN19492822] Continued...


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