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CVS Polishes Off Deal To Buy Former Rite Aid Stores

CVS has finished buying customer prescription files from hundreds of closed Rite Aid drugstores and is now running 63 of the defunct chain’s locations. The company said Wednesday that it is operating former Rite Aid and Bartell Drugs stores in Idaho, Oregon and Washington. It also has transferred customer prescription files from 626 pharmacies in 15 states to nearby CVS locations. CVS Health did not say how much it spent on the stores and prescription files. Rite Aid recently announced on its website that its stores have closed. The company said in May that it was seeking ...

GM Take $1.6B Hit As Tax Incentives For EVs Are Slashed

General Motors will record a negative impact of $1.6 billion in its next quarter after tax incentives for electric vehicles were slashed by the U.S. and rules governing emissions are relaxed. Shares fell less than 2% before the opening bell Tuesday. The EV tax credit ended last month. The clean vehicle tax credit was worth $7,500 for new EVs and up to $4,000 for used ones. Meanwhile, the Environmental Protection Agency has been working on easing rules aimed at cleaning up auto tailpipe emissions as the Trump administration move to undo incentives for automakers to go electric. ...

‘Do Or Die’

SOCIAL CIRCLE, Ga. (AP) — It seems like a terrible time to build an electric vehicle plant in the United States, but Rivian Automotive leaders say they’re confident as the company starts long-delayed work on a $5 billion facility in Georgia. The money-losing California-based company ...

Jerry Quits Ben & Jerry’s Over Stifled Independence

Ben & Jerry’s co-founder Jerry Greenfield is leaving the ice cream brand after 47 years, saying that the independence it once had to speak up on social issues has been stifled by parent company Unilever. In a letter that co-founder Ben Cohen posted on social media platform X on ...

Target Steps Up Next-Day Parcel Delivery

NEW YORK (AP) — Target is expanding its next-day delivery of parcel shipments to 35 of the nation’s top 60 metropolitan markets by the end of next month, marking 22 new cities this year, as the discount retailer aims to narrow the gap with the likes of Amazon. That means that its ...

Retail Sales Up 0.6% In August From July

NEW YORK (AP) — Shoppers increased their spending at a better-than-expected pace in August from July, helped by back-to-school shopping, even as President Donald Trump’s tariffs start to hurt the job market and lead to price increases. Retail sales rose 0.6% last month from July, when sales were up a revised 0.6%, according to the Commerce Department’s report. In June, retail sales rose 0.9%, the government agency said. The August performance, announced Tuesday, was also likely helped by the continued efforts by Americans to keep pushing up purchases ahead of expected price ...