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Walgreens Plans Major U.S. Store Closures; Shares Tumble
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The New York Times - Business
Walgreens Plans ‘Significant’ Store Closures, Citing Weak Consumer Spending
The pharmacy giant told investors that shaky consumer spending was affecting its retail operations. But some said the company’s strategy was also to blame. -
Financial Times - Business
Nike shares tumble 20% as sales warning rattles retailers
Sportswear maker says it is taking aggressive action to reorganise inventory after weaker than expected quarter -
ABC News - Health
Walgreens to take a hard look at underperforming stores, could shutter hundreds more
Walgreens is finalizing a plan to fix its business that could result in the closure of hundreds of additional stores in the next three years -
CNBC - Business
Inside Starbucks' plans to improve stores for customers and baristas
Starbucks is rolling out changes to barista workflows as it tries to reduce customer wait times. -
NBC News - Top stories
Here's how Starbucks plans to improve its stores
Starbucks cafes across the country are starting to change how they make drink orders to reduce long wait times that have dogged the chain. -
MarketWatch - Business
Maersk shares jump on decision to scrap plans for DB Schenker takeover
The Danish shipping giant’s CEO said Maersk had decided to withdraw from the sales process after identifying challenges with integrating the German logistics company. -
CNBC - Business
Shares of Wells Fargo and Morgan Stanley rise on plans to raise their dividends
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET. -
The New York Times - Business
A Major Part of Biden’s Student Loan Repayment Plan, SAVE, Is Restored
Federal appellate judges ruled that the Biden administration’s new student loan repayment plan could continue to operate as legal challenges to the program work their way through the courts.Joe Biden -
The Wall Street Journal - World
Nike shares tumbled 20% in their worst day on record, dragging down the Dow and S&P 500, which fell 0.1% and 0.4%, respectively. The Nasdaq lost 0.7%.
Nike shares tumbled 20% in their worst day on record, dragging down the Dow and S&P 500, which fell 0.1% and 0.4%, respectively. The Nasdaq lost 0.7%.
More from The Wall Street Journal
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The Wall Street Journal - Business
Nokia to Buy Infinera for $2.3 Billion to Boost Optical-Networks Arm
The deal, which is valued at $6.65 a share, is a 28% premium from Infinera’s stock price at the close of trading on Wednesday. -
The Wall Street Journal - Business
Nokia to Buy Infinera for $2.3 Billion to Boost Optical-Networks Arm
The deal, which is valued at $6.65 a share, is a 28% premium from Infinera’s stock price at the close of trading on Wednesday. -
The Wall Street Journal - Business
Under Armour to Settle Claims Over Past Financials With $434 Million Payment
The sportswear brand said it has agreed to pay $434 million to settle claims related to past company financials and focus on its restructuring plan. -
The Wall Street Journal - Business
Electric-Vehicle Startup Fisker Files for Bankruptcy
Fisker ran out of cash after a failed effort to change its business model and find a financial savior. -
The Wall Street Journal - Business
Lilly's Weight-Loss Drug Is a Huge Hit. Its CEO Wants to Replace It ASAP.
Dave Ricks is pushing his scientists to find an even more potent anti-obesity treatment. “Lilly’s got a lead, and we plan to exploit that lead.”