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Retail
Rite Aid Adds Executives To Board Of Directors

Rite Aid’s board of directors has appointed Elizabeth Burr, who most recently served as chief innovation officer and vp/health care trend and innovation at Humana, and Katherine Quinn, who currently serves as vice chairman and chief administrative officer of U.S. Bancorp, to the company’s board.

Financials
Rite Aid Touts Growth Initiatives Despite Q4 Net Loss

As it continues struggling to generate profits, Rite Aid posted a net loss from continuing operations of $255.6 million, or 24 cents per share, versus a net loss of $483.7 million, or 46 cents per share, in the year-earlier period.

Financials
CVS Front End Sales Gain

Sales in the front end, including general merchandise, helped CVS Health Corp. revenues gain in the fourth quarter as adjusted earnings beat analyst expectations.

Retail
CVS Acquisition Of Aetna Moves Forward

As CVS reported that the U.S. Department of Justice will allow it to proceed with its pending acquisition of Aetna, the company also added new board directors and management in anticipation of the merger closing. 

Financials
CVS Posts Q2 Loss On Charges

In a second quarter hit by one-time unique charges, CVS Health recorded a company net loss of $2.56 billion, or $2.52 per diluted share, versus company net income of $1.1 billion, or $1.07 per diluted share, in the year-before period.

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