Walgreens Boots Alliance (WBA) stock plummeted 20% Thursday morning on the news the company slashed its profit guidance, the second time it has adjusted guidance downward in the year. Walgreens now estimates earnings per share of between $2.80 and $2.95, down from guidance of $3.20 to $3.35 last quarter — when it narrowed guidance on […]
Tag: Plans
Walgreens woes continue with earnings miss, guidance cut and plans to shutter more stores
Walgreens is finalizing a plan to fix its business that could result in the closure of hundreds of additional stores in the next three years. CEO Tim Wentworth told analysts Thursday morning that “changes are imminent” for about 25% of the company’s stores, which he said were underperforming. The drugstore chain currently runs more than […]
Maryland education boards scrutinize districts’ Blueprint plans to carry out prekindergarten, pay raises
Jun. 26—The Maryland State Board of Education was joined in its Tuesday meeting by another education board in the state — the one that oversees the Blueprint for Maryland’s Future — so the two entities could discuss the implementation of the landmark plan to reform public schools. The Blueprint’s independent Accountability & Implementation Board is […]
New York City plans cellphone ban in schools
NEW YORK — The nation’s largest school system on Wednesday said it is planning to prohibit cellphone use during the school day, a major policy shift that comes as the Biden administration issues new warnings about the threat social media poses to children. New York City Public Schools will announce the rules early next month, […]
Kenya Dollar Bonds Deepen Losses as Ruto Abandons Tax Plans
(Bloomberg) — Kenya’s sovereign dollar bonds extended losses after anti-government protests forced President William Ruto to scrap a $2.3 billion plan to balance the budget and make the country’s debt sustainable. Most Read from Bloomberg The nation’s 2031 debt security fell to its lowest price since being issued in February, pushing Kenyan bonds as a […]
Death toll rises after Kenyan protesters storm parliament over tax plans
The Kenyan military remains in the streets of the capital Nairobi a day after protesters stormed parliament over a tax plan that would increase the cost of living – an act of defiance that President William Ruto called an “existential” threat. At least 22 people were killed during the unrest, a human rights group said. […]
Michigan voters share plans to tune in, tune out upcoming Biden-Trump presidential debate
If many Michigan voters bemoan a rematch between Joe Biden and Donald Trump this fall, they don’t express much more enthusiasm for the upcoming presidential debate this week between the two major political parties’ presumptive nominees. “I will reluctantly watch the debates, I guess, not because I expect to learn anything new about the positions […]
Warren Buffett Just Bought $435 Million of This Stock and Plans to Hold It Forever
Lately, there aren’t a lot of stocks Warren Buffett has found interesting enough to add to Berkshire Hathaway‘s (NYSE: BRK.A) (NYSE: BRK.B) $385 billion portfolio. Buffett, through Berkshire, has made only a handful of purchases during the current bull market. Truth be told, Buffett has sold more stocks than he’s bought in each of the […]
Japan found enough minerals off a remote Pacific island to fuel its EV plans for over a decade
Researchers have found 230 million tons of precious minerals off a remote island over 1,200 miles from Tokyo. The motherlode contains enough cobalt and nickel to supply Japan for over a decade. Both materials are crucial in building EV batteries, with a global race underway to find new supplies. The world is scrambling to secure […]
Alex Jones’ court-appointed trustee plans to shut down his conspiracy-spewing media empire
Right-wing conspiracy theorist Alex Jones’ fiction-spewing media empire Infowars will be shut down and its assets sold for parts, his bankruptcy court-appointed trustee, Christopher Murray, confirmed in an emergency court filing, HuffPost reported. Earlier this month, a bankruptcy judge ordered Jones to liquidate his personal assets to pay nearly $1.5 billion to the families of […]
Analysis-Engine maker’s Boeing dilemma helped to stall Airbus’s output plans
By Tim Hepher PARIS (Reuters) -Engine maker CFM’s wariness to ramp up supplies significantly to Airbus at a time of stress for its other key customer Boeing was likely a factor in Airbus’ move to delay planned jet output increases, industry sources said on Tuesday. On Monday, Airbus delayed a multi-year hike in narrowbody production, […]
Analysis-Engine maker’s Boeing dilemma helped to stall Airbus’s output plans
By Tim Hepher PARIS (Reuters) -Engine maker CFM’s wariness to ramp up supplies significantly to Airbus at a time of stress for its other key customer Boeing was likely a factor in Airbus’ move to delay planned jet output increases, industry sources said on Tuesday. On Monday, Airbus delayed a multi-year hike in narrowbody production, […]