CVS buying spree continues with $10.6B Oak Street deal

By acquiring primary care provider Oak Street Health for about $10.6 billion, CVS Health is making a larger commitment to primary care services. On Wednesday, the pharmacy chain announced that…

Retailers try to curb theft while not angering shoppers

When the prospect of a global epidemic diminished, Maureen Holohan was keen to cut back on her reliance on internet shopping and return to conventional malls in search of better…

Asian shares mostly decline ahead of Fed chair’s key speech

Asian shares were mostly lower Wednesday ahead of a closely watched speech by the Federal Reserve chief that may give clues about future interest rate hikes. Investors were also eyeing…

Inflation eases in Europe, but still in double digits

Inflation in the 19 countries that use the euro currency eased to 10% this month as fuel and utilities drifted down from painful highs, but it is near the record…

Energy stocks get oil price support as recession looms

Surging oil prices charged energy stocks through 2022 and could keep supporting the sector despite a looming recession and stubbornly hot inflation squeezing consumers. The sector’s 50% gain is a…

On Wall Street, extreme punishments for weak profit reports

When it comes to meeting Wall Street’s expectations for profit and sales, it’s put-up-or-get-beat-up time for CEOs. It hasn’t happened very often, but when companies have turned in both weaker…

Railroad unions decry Biden’s plan to block possible strike

Railroad unions on Tuesday decried President Joe Biden’s call for Congress to intervene in their contract dispute, saying it undercuts their efforts to address workers’ quality of life concerns, but…

Saudi Arabia extends terms of $5 billion in aid to Egypt

Saudi Arabia agreed Tuesday to extend the terms of a $5 billion aid package to Egypt that took effect in March, Saudi state media said. The move was aimed at…

Smaller food cos. get set for a high-priced holiday season

Holiday celebrants in Hilo, Hawaii, might notice something different about the traditional Yule Log cake from the Short ’N Sweet bakery this year. Maria Short typically makes her popular $35…

Small businesses brace for cautious holiday shoppers

Small businesses are stocking the shelves early this holiday season and waiting to see how many gifts inflation-weary shoppers feel like giving. Holiday shopping was relatively strong during the past…