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Michelle Fay Cortez

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 CVS HEALTH Corp. posted fourth-quarter earnings that beat analyst estimates as demand for drugs outweighed the drop in revenue from a decision to stop selling tobacco products.

CVS profit beats estimates in first full tobacco-free quarter

WOONSOCKET - CVS Health Corp., the largest provider of prescription drugs in the U.S., posted fourth-quarter earnings that beat analyst estimates as demand for...

CVS’ growing drug business makes up for quitting tobacco sales

WOONSOCKET - CVS Health Corp. beat analyst estimates as the company’s prescription drug sales more than made up for the revenue loss the company...

Walgreen pulls fiscal 2016 goals as it evaluates Boots purchase

MINNEAPOLIS – Walgreen Co., the largest U.S. drugstore retailer, withdrew its financial goals for fiscal year 2016 as it considers buying the remainder of...
COVIDIEN PLC, whose U.S. headquarters is based in Mansfield, Mass., has been acquired by medical device giant Medtronic Inc. for $42.9 billion. / COURTESY COVIDIEN PLC

Medtronic to acquire device-maker Covidien for $42.9B

MINNEAPOLIS – Medtronic Inc., the second-largest maker of medical devices, agreed to buy Covidien PLC for $42.9 billion in cash and stock as it...
CVS CAREMARK CORP. reported first-quarter net income of $1.13 billion, an increase of 18.5 percent over the $954 million reported a year earlier.

CVS profit misses estimates as severe winter weather hurts sales

WOONSOCKET – CVS Caremark Corp., the largest provider of prescription drugs in the U.S., posted first-quarter profit that missed analyst estimates as cold weather...
CVS CAREMARK CORP. reported fourth-quarter net income of $1.27 billion, an increase of 13 percent over the $1.13 billion reported a year earlier. / BLOOMBERG FILE PHOTO/DAVID PAUL MORRIS

CVS profit exceeds estimates on higher pharmacy sales

(Updated, 10:15 a.m.) WASHINGTON – CVS Caremark Corp., the largest provider of prescription drugs in the U.S., posted fourth- quarter profit that topped analysts’ estimates...
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