Walgreens

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His $1K Investment Became $2M. Then He Gave It All Away

'You have to do some good in this world,' says Russ Gremel

(Newser) - It cost Chicago's Russ Gremel $1,007 to buy almost 28,000 shares in local company Walgreens some 70 years ago. Today, those shares are worth $2 million, but Gremel isn't enjoying the payoff of his good investment—at least not in the traditional sense. Instead, he's... More »

Cherokees Sue: CVS, Walmart 'Flooded' Them With Opioids

Cherokee Nation files complaint against 6 companies in tribal court over Okla. 'epidemic'

(Newser) - Native American communities experience some of the highest substance-abuse rates in the US: Babies are born addicted to prescription drugs due to exposure in utero, while Native American high school students take OxyContin at much higher rates than other teens, per NPR . Now the Cherokee Nation is fighting back in... More »

Walgreens Wants Its $140M Back From Theranos

Elizabeth Holmes says she'll 'respond vigorously' to breach of contract suit

(Newser) - Theranos has yet another lawsuit on its hands. Walgreens wants $140 million in damages—reportedly the same amount it invested in Theranos—after it had to close the Theranos blood-testing centers at 40 of its stores, according to a breach of contract suit filed under seal on Tuesday because of... More »

Florida Mom Catches Alleged Serial Robber Son

She thought she saw a familiar face while watching surveillance footage on the news

(Newser) - Authorities say a 27-year-old Florida man was charged with multiple drug store robberies this week after his mom recognized him on the news, the South Florida Sun Sentinel reports. According to CBS Miami , police were looking for a man responsible for robbing four Walgreens locations between June 11 and June... More »

Blows Keep Coming: Theranos Gets Dumped by Walgreens

Troubled startup loses main link to customers as drugstore chain pulls plug

(Newser) - Theranos has just lost its main link to consumers in what can only be described as the latest blow to the crumbling startup. Walgreens announced Monday that all 40 of its Theranos Wellness Centers in Arizona drugstores will be closed immediately "in light of the voiding of a number... More »

Youngest Female Billionaire, 30, Revolutionizes Blood Tests

Elizabeth Holmes dropped out of college at 19

(Newser) - Elizabeth Holmes dropped out of college when she was 19; now, she's just 30. She's also the founder of a $9 billion company that's making medical treatment more accessible, and she's the youngest female billionaire in the US, reports Forbes . (She's the third-youngest billionaire overall.... More »

Experts: CVS Move Could Dent Smoking Rates

Inconvenience helps deter smokers, studies have shown

(Newser) - With hundreds of thousands of retailers in the US selling cigarettes, will CVS' landmark decision to end tobacco sales have any effect on smoking rates? Experts say it could have a major impact, both by putting more pressure on the tobacco industry and making it a little harder for people... More »

2 Walgreens in Same City Charge Wildly Different Prices

Chain has biggest price differences compared to CVS, Rite Aid: study

(Newser) - Thrifty shoppers, beware. A consumer watchdog group descended on New York, LA, Dallas-Fort Worth, and Orange County, and promptly went shopping, purchasing a list of 25 items from 485 CVS, Walgreens, and Rite Aid locations. What it found: Price differences of as much as 55% for the same product at... More »

Walgreens Slapped With Record $80M Oxy Fine

One small-town pharmacy was ordering 2.2M pills a year

(Newser) - Walgreens made history yesterday ... by being ordered to pay the largest fine in the history of the US Controlled Substances Act. The drugstore empire was slugged for $80 million for "an unprecedented number" of violations in its sale of oxycodone and other controlled substances, following a probe by the... More »

McDonald's Is Most Visited Business in America

Nearly half of US consumers visited at least once last month, says study

(Newser) - Just how popular are the golden arches? So popular that nearly half of US consumers visited them last month, according to a new study spotted by the Consumerist . The study, from the new Placed Insights service, sought to determine which businesses Americans visit most. Fast food dominates the list, but... More »

Walgreen Makes Huge Overseas Play

Will buy 45% stake in Alliance Boots for $6.7B

(Newser) - Walgreen looks to have its sights set on being more than just America's largest drugstore chain. Like, perhaps, the world's... It today announced that it has acquired a 45% stake in the UK's Alliance Boots at a cost of $6.7 billion in cash and stock, with... More »

Posh New Walgreens Offers Humidor, Manicures, Sushi

...and eyebrow shaping, juice bar, fine wine, frozen yogurt, and more, to Chicagoans

(Newser) - Walgreens: the place where you buy aspirin and razors, right? Not if you live in Chicago. A 27,350-square-foot, two-story store is set to open in the city's Loop tomorrow, and oh, what an upscale drugstore it is. Shoppers will be able to serve themselves frozen yogurt, pick up... More »

Diabetic Walgreens Worker Fired for Taking Chips

Her blood sugar was low, but chain has zero-tolerance policy

(Newser) - What's worth more: An employee who's worked for 18 years with an unblemished record, or a $1.39 bag of chips? For Walgreens, the latter. Josefina Hernandez, a diabetic employee at a San Francisco Walgreens store, grabbed a bag of chips to boost her blood sugar when she... More »

Drugstores Will Sell Genetic Tests

Possibly illegal product reveals risk of disease

(Newser) - Soon, you may be able to pick up a genetic testing kit at your local drugstore. A San Diego company has made a deal to sell its new Insight test at Walgreens locations across the country, promising consumers a look at their risk for Alzheimer's, breast cancer, diabetes, and more.... More »

Americans Skip Bar, Buy Booze at Grocery Store

Sales of beer, wine surge at convenience shops, drug stores

(Newser) - Recession-strapped Americans are hitting the bar less and less, but they’re not giving up drinking: sales of beer and wine at grocery and convenience stores have ballooned, prompting many shops to start offering alcohol. Between September 2008 and last month, the number of stores selling beer shot up by... More »

Suit Wants Pharmacies to Bust Drug Abusers

Lawsuit blames stores for zonked driver's accident

(Newser) - When a driver, high on painkillers, ran her car into two guys fixing a flat tire on the side of the highway, killing one of them, the victims' families filed a lawsuit—against the pharmacies that sold the painkillers. That case, pending before the Nevada Supreme Court, will be the... More »

Retailers Slash Selection in Response to Recession

(Newser) - A fundamental shift is going on in the consumer product world as retailers decide that less is more, the Wall Street Journal reports. Big national retailers are expected to slash selection by at least 15%, analysts say. Gone will be 30% of Kroger’s cereals, 20 of the 24 tape... More »

Walgreens Jettisons Chia Obama

Afro-sporting pottery planter 'didn't fit our corporate image'

(Newser) - Walgreens has pulled Chia Obama from its shelves, saying the Afro-growing pottery novelty “didn’t fit our corporate image,” the Chicago Tribune reports. “We didn’t want to be subject to any misinterpretation over the product,” said a spokesman, who said he was misquoted yesterday as... More »

Belt-Tightening Spares Older Workers

Increasingly, companies value maturity, experience of older employees

(Newser) - As companies nationwide cut tens of thousands of jobs, younger workers appear to be taking a hit as companies try to retain older, more experienced employees, reports BusinessWeek. Boomers increasingly have become corporate America’s gold standard: “When you’re in your 50s and 60s, you’re in your... More »

Dow Sheds 59 on Ugly Reports

Indices decline on bad news from Toyota, Walgreens

(Newser) - Stocks fell today after Toyota warned of looming losses and Walgreen announced a reduction in profit, MarketWatch reports. Amid light trading volume, the Dow dropped 59.42 to close at 8,519.69, the Nasdaq fell 31.97, closing at 1,532.35, and the S&P 500 shed 16.... More »

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