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Hackers Expose Customer Data—Retail Pharmacy Giant Paying $6.8M in Compensation
Saturday, March 8, 2025 - 5:00pm | 343Retail pharmacy giant Rite Aid has agreed to pay $6.8 million to its customers following a significant data breach. What Happened: Hackers from the RansomHub group impersonated a Rite Aid employee and gained access to the company’s systems. This breach, which took place over the...
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Fintech Focus For June 26, 2020
Friday, June 26, 2020 - 9:59am | 1382Daily Perspective: I have never advocated war except as a means of peace. - Ulysses S. Grant Fintech Movers: Futures exchanges would be expected to create defenses against disruptive technology failures, but might not have to upgrade current policies under a proposal issued by a U.S. derivatives...
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Rite Aid Earnings Boosted By Termination Fee From Scuttled Walgreens Deal
Thursday, September 28, 2017 - 9:28am | 466Rite Aid Corporation (NYSE: RAD)'s second quarter results saw the pharmacy chain reporting results boosted by a one-time break-up fee secured from Walgreens Boots Alliance Inc (NASDAQ: WBA). In reaction, shares of Rite Aid were down 3.51 percent at $2.20 in pre-market trading....
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Benzinga's Bulls And Bears For The Past Week: FANG Stocks And Big Mergers
Sunday, June 18, 2017 - 5:29pm | 624Benzinga has featured a look at many investor favorite stocks over the past week. Mergers were all over the headlines, particularly late in the week. The much ballyhooed FANG stocks were also in the news. In a week that saw the FANG stocks stumble, the completion of the takeover of Yahoo and the...
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Retail Roundup: 9 Fresh M&A Rumors
Tuesday, May 30, 2017 - 9:11am | 846It can be hard to keep up with ever-changing M&A rumors; here's the situation for nine companies worth tracking. Abercrombie & Fitch Co. (NYSE: ANF) This clothing retailer is reportedly the target of a joint acquisition by American Eagle Outfitters (NYSE: AEO) and Cerberus Capital...
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Benzinga's Picks And Pans: IBM, Nike, Sears And More
Sunday, March 26, 2017 - 11:16am | 675Benzinga has featured a look at many investor favorite stocks over the past week. That includes one old-school tech giant changing with the times and a pending merger that may be a victim of politics. The outlooks for rail stocks, a struggling retailer and a popular shoemaker are also...
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Benzinga's Picks And Pans: BlackBerry, McDonald's, Rite Aid And More
Monday, March 20, 2017 - 10:09am | 699Benzinga has featured a look at many investor favorite stocks over the past week. That includes how one fast-food giant is taking on the competition and how traders can play a potential failed merger. The outlooks for rail stocks, a struggling retailer and a cellphone maker left for dead are also...
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Kroger's Q4 Comps Looking Flat, But That's A Good Thing
Friday, January 20, 2017 - 12:39pm | 278Kroger Co (NYSE: KR) surprised the Street in early December, when it reported in-line third quarter earnings but lowered the upper-end of its adjusted earnings per share guidance for the full year lower. Kroger's stock has lost 9 percent over the past year and failed to participate in the...
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Rite Aid Tanks As Merger With Walgreens Said To Be Facing Antitrust Concerns
Friday, January 20, 2017 - 12:13pm | 381Shares of Rite Aid Corporation (NYSE: RAD) plunged lower by nearly 20 percent late Friday morning following a Bloomberg report that the company's proposed acquisition by Walgreens Boots Alliance Inc (NASDAQ: WBA) may be in jeopardy. As part of Walgreen's proposed acquisition of Rite Aid...
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Will Earnings From Bed Bath & Beyond And Rite Aid Disappoint?
Sunday, September 18, 2016 - 10:24am | 668Upcoming earnings highlights include the latest results from two prominent retailers. Mixed results are forecast for one but weak growth from the other. Earnings from both companies have fallen short of expectations in recent periods. While all eyes will be on this week's Federal...
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Can Oracle Or Jabil Circuit Offer Up An Earnings Surprise?
Sunday, June 12, 2016 - 4:02pm | 610The earnings season has wound down, so very few companies will be sharing quarterly results this week. However, two leading tech companies are expected to report their latest earnings. Wall Street analysts are looking for bottom-line growth from just one of them. In what overall will be a very...
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Rite Aid's Q4 Sales Surge 24%, Bottom Line Beats
Thursday, April 7, 2016 - 9:15am | 322Rite Aid Corporation (NYSE: RAD) reported its fourth-quarter results early Thursday morning. The company said that it earned $0.07 per share on revenue of $8.3 billion. Analysts were expecting the company to earn $0.06 per share on revenue of $8.4 billion. Shares of Rite Aid were unchanged, as the...
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Pre-Merger Earnings Expectations For Rite Aid, Walgreens And Bed Bath & Beyond
Sunday, April 3, 2016 - 4:39pm | 783Two merging drug store giants are scheduled to share their latest earnings reports this week. Wall Street consensus forecasts see earnings growth from just one of them. A domestics superstore operator is also on deck this week to post its latest quarterly results. Before the new earnings...
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Where Wall Street Is Looking For Earnings Growth This Week
Sunday, December 6, 2015 - 7:23pm | 820Wall Street is looking for strong quarterly results from Adobe Systems Incorporated (NASDAQ: ADBE) and Ciena Corporation (NYSE: CIEN) this week. Year-on-year earnings growth is also anticipated from Costco Wholesale Corporation (NASDAQ: COST). However, mixed results are forecast for H & R...
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Rite Aid Shares Skyrocket Following Walgreens Buyout Rumor
Tuesday, October 27, 2015 - 1:46pm | 501Rite Aid Corporation (NYSE: RAD) shares skyrocketed Tuesday afternoon amid renewed takeover talks. This time, The Wall Street Journal reported that Walgreens Boots Alliance Inc (NASDAQ: WBA) is in "advanced talks" to acquire Rite Aid. Shares of Rite Aid were halted on a circuit...