Rite Aid Corp (RAD.N)
19 Jan 2018
BOSTON, Jan 16 Hedge fund manager David Einhorn told investors on Tuesday that he made a "large" bet on insurer Brighthouse Financial late last year, and had made money on General Motors but lost by shorting Amazon and Tesla.
* COO- RAD WILL HAVE 2,569 STORES LOCATED PRIMARILY IN 8 KEY STATES, TO BE SERVED BY 6 DISTRIBUTION. CENTERS POST TRANSFER OF STORES TO WBA
Drug retailer Rite Aid on Wednesday posted smaller-than-expected quarterly revenue due to a fall in reimbursement rates and comparable-store sales.
Jan 3 Drug retailer Rite Aid on Wednesday posted smaller-than-expected quarterly revenue due to a fall in reimbursement rates and a drop in comparable-store sales.
* RITE AID ADOPTS TAX BENEFITS PRESERVATION PLAN TO PROTECT VALUABLE TAX ASSETS
* Q3 ADJUSTED EARNINGS PER SHARE $0.00 FROM CONTINUING OPERATIONS
Jan 3 Rite Aid Corp on Wednesday posted a jump in quarterly profit, as the drugstore operator benefited from its ongoing sale of 1,932 U.S. stores to larger rival Walgreens Boots Alliance Inc.
(The following statement was released by the rating agency) NEW YORK, December 29 (Fitch) Fitch Ratings has downgraded GNC Holdings, Inc.'s Long-Term Issuer Default Rating (IDR) to 'RD' from 'C' following the Dec. 27 closing of its distressed debt exchange (DDE) for approximately $99 million of its $288 million in convertible notes for approximately 14.6 million shares (or approximately 17%) of its common equity, valued at around $50 million. Subsequently, Fitch upgraded GNC's Long-Term IDR to '
(The following statement was released by the rating agency) NEW YORK, December 22 (Fitch) Fitch Ratings has downgraded GNC Holdings, Inc.'s Issuer Default Rating (IDR) to 'C' from 'B-' following the company's announcement that it will be exchanging approximately $99 million of its $288 million of convertible notes due August 2020 for approximately 14.6 million shares (approximately 17% of pro forma share count or around $55 million in value), given Fitch's view that this represents a distressed
Discount store operator Fred's Inc said on Wednesday it had canceled its quarterly cash dividend and was exploring alternatives for some of its assets, sending its shares plunging 25 percent to their lowest in more than 18 years.