Walgreens says it’s peeling back spending on efforts to combat shoplifting. Machine company John Deere reaches a deal to let farmers repair their own equipment. And former Chicago Bear Brian Urlacher gets caught up in a hairy lawsuit.
Walgreens
Walgreens backs a deal to purchase a medical center company. The owners of a landmark hotel on Michigan Avenue are hunting for a buyer — again. And a new report finds Chicago’s affordable housing problem isn’t as bad as some other cities.
Walgreens extended its push into more comprehensive health care with its VillageMD unit acquiring another urgent and primary care chain, Summit Health-CityMD, in a deal worth close to $9 billion.
Two of the largest U.S. pharmacy chains, CVS Health and Walgreen Co., announced agreements in principle Wednesday to pay about $5 billion each to settle lawsuits nationwide over the toll of opioids, and a lawyer said Walmart is in discussions for a deal.
A major health care merger involving Deerfield-based Walgreens. Two Illinois nuclear plants that were once at risk of closing will now run for decades to come. And a new report finds that Illinois is among the top states where life sciences companies attract investment.
Two Chicago high-rises hit the market, leaving more than 700 downtown apartments up for sale. And a loan tied to a distressed hotel in River North sells at a steep discount.
Months of spot shortages at pharmacies and supermarkets have been exacerbated by the recall at Abbott, which was forced to shutter its largest U.S. formula manufacturing plant in February due to contamination concerns.
Deerfield-based Walgreens Boots Alliance is taking bids for its international drugstore chain, Boots. Boeing makes a $450 million investment in Wisk, an autonomous air-taxi start up. And Chicago’s Loop Capital announces its acquiring BMO Asset Management.
Walgreens says it will now have the flexibility to invest in and focus on its retail business which, like others, has been rattled by the COVID-19 pandemic.
The Deerfield, Illinois-based drugstore chain said Thursday it made $373 million in the final quarter of fiscal 2020 after losing $1.7 billion the previous quarter, when millions of shoppers stayed home to avoid the rapidly spreading pandemic.
A Cook County judge has denied bond for the 18-year-old high school student who is accused of calmly and methodically stabbing a Walgreens employee to death Sunday inside the Wicker Park store where she worked.
Chicago police have charged Sincere Williams, 18, with first-degree murder in the fatal stabbing of a Walgreens employee as she was stocking shelves inside a Northwest Side store Sunday.
The Deerfield, Illinois-based drugstore chain said Thursday that the rapidly spreading coronavirus took a bite of between $700 million and $750 million from sales, with much of the damage coming from outside the United States.
Walgreens has been exploring a potential deal to take the company private in what could become the largest leveraged buyout in history.
The company didn’t say how many people were let go, but a Tribune report pegged the number at 100 employees at its Deerfield headquarters.
Walgreens slashed its 2019 forecast and missed second-quarter expectations with a performance that sent its shares plunging Tuesday and helped knock down the Dow Jones Industrial Average.
