Financial News

According to a report, the grocer intends to double its proposed price cuts upon the completion of the $25.6 billion deal.

Mars will acquire Kellanova for a total consideration of $35.9 billion.

Cardinal Health’s fourth quarter revenue increased 12% to $59.9 billion.

Retail spending rose modestly in July as consumers shopped for school and college supplies and took advantage of the special in-store and online promotions offered by many retailers.

The company reported a 10% year-over-year growth in GTV, its third straight quarter of positive GAAP net income, and considerable gains in adjusted EBITDA and operating cash flow.

The membership-based warehouse club giant is installing membership scanning devices at the entrances to all its stores.

CVS Health's revenues increased to $91.2 billion for the second quarter, up 2.6% compared to the prior year.

The company has acquired vH essentials from Wisconsin Pharmacal Company, but the transaction's financial terms were not disclosed.