CEO Jeff Rein

(Reuters) - Walgreen Co <WAG.N> posted a lower-than-expected quarterly profit on Wednesday as the largest U.S. drugstore chain's margins were hurt by lower reimbursement rates for prescriptions, fewer flu shots and its spat with pharmacy benefits manager Express Scripts Inc <ESRX.O>.Its shares fell more than 7 percent in early trading.Walgreen, which has more than 7,800 U.S. drugstores, on Wednesday reiterated that is does not plan to renew its contract with Express Scripts, which is set to expire on...Read Full Story

US Banks Fitch said that its outlook for the US banking industry will remain stable in 2011 as balance sheet and income statement fundamentals will improve modestly against a backdrop of still weak macro conditions.. Walgreens Co. reports that December sales increased 7.5 Sources BJ’s Wholesale Club Co. plans to close five of its clubs in the US South-eastern region, citing chronically weak sales at those stores. RTRS Nasdaq 100. Other news:. is your local source for information in Burlington...Read Full Story

Nutrisystem Inc. said Monday that it has a new distribution deal with Walgreen Co. that will see its weight loss program cards available in more of the drugstore operator's locations.Nutrisystem said the alliance will put its weight loss program cards into the diet section of local Walgreens stores on Christmas Day, giving people who make New Year's resolutions to lose weight early access to its offerings.Once a card is purchased, buyers must active them either online or through a toll-free...Read Full Story

Kansas City StarPrescription volume boosts Walgreen Co profitMarketWatchCHICAGO (MarketWatch) – Booming prescription volume, along with higher margins and cost controls, helped Walgreen Co. push its fiscal fourth-quarter profit sharply higher, the drugstore giant reported Tuesday. ...Walgreen 4Q Net Up 7.8%, Beating Views; Sales, Margins RiseWall Street JournalWalgreen Profit Rises 7.8% as Store-Remodeling Program Attracts CustomersBloombergWalgreen Q4 results beat...Read Full Story

CHICAGO (Reuters) - Walgreen Co <WAG.N>, the largest U.S. drugstore chain, posted a slightly smaller quarterly profit on Tuesday, weighed down by weak sales of summer merchandise and costs behind its strategy to makeover its stores and streamline its overall operations.Analysts have applauded Walgreen's efforts such as sprucing up stores with lower shelves and fewer items, cutting back on store openings and planning a loyalty program. But they say it will take time for them to pay off.Profit fell...Read Full Story