Content about Providence County, Rhode Island

May 1, 2013
CVS Q2 profit jumps 23%

CVS Caremark Corp.’s first-quarter earnings rose a better-than-expected 23% as new generic drugs and demand for flu medications helped the company’s profitability.

April 3, 2013
CVS settles federal claims in Oklahoma for $11 million

CVS Caremark Corp. will pay $11 million to settle federal claims that the company’s pharmacies in the state violated record-keeping requirements of the Controlled Substances Act.

March 29, 2013
CVS Caremark chief’s compensation leapt 44% last year

An SEC filing revealed that the total compensation for CVS Caremark Corp. CEO Larry Merlo jumped 44% last year to $20.3 million.

March 19, 2013
CVS Caremark to fund technology lab at Chicago State University's College of Pharmacy

CVS Caremark has donated $250,000 to the Chicago State University’s College of Pharmacy for the development of the CVS Caremark Student Center and Technology Laboratory.

February 11, 2013
CVS Caremark names former Staples exec as digital chief

CVS Caremark said it has named Brian Tilzer as SVP, chief digital officer for the drugstore chain.

February 6, 2013
CVS Q4 profit up 6%; acquires Brazilian-based chain

CVS Caremark executives expressed optimism Wednesday morning as the company posted record fourth-quarter results and raised its 2013 guidance.

December 13, 2012
CVS Caremark optimistic going into 2013

CVS Caremark executives expressed optimism going into 2013 and outlined its strategic growth framework during its annual Analyst Day held on Thursday in New York City.

December 7, 2012
Reports: CVS Caremark interested in buying drugstore chain in Brazil

CVS Caremark is reportedly looking to expand outside of the United States by acquiring Onofre, the eighth-largest pharmacy chain in Brazil, according to published reports.

November 6, 2012
CVS Q3 profit leaps 16% on higher sales

CVS Caremark Corp. reported that net income for the quarter ended Sept. 30 jumped 16% to $1.01 billion, compared with $868 million in the year-ago period.

September 17, 2012
CVS Caremark names executive VP/general counsel

CVS Caremark said it has named Thomas M. Moriarty as executive VP and general counsel for the company.

August 7, 2012
CVS profit rises 18% in Q2, raises outlook

CVS Caremark Corp. reported that profit for the quarter ended June 30 leaped 18.4% to a record $966 million from $816 million last year, boosted by the contractual impasse between rival Walgreens and Express Scripts.

May 11, 2012
CVS/pharmacy launches Spanish-language website

CVS/pharmacy is taking a greater step toward targeting the Hispanic market with the launch of its new Spanish-language website.

May 2, 2012
CVS Caremark Q1 profit rises, sales reach record high

CVS Caremark reported that profit for the quarter ended March 31 rose 9% to $776 million, compared with $713 million in the year-ago period.

April 19, 2012
CVS to settle hazardous waste claims for nearly $14 million

A Ventura, Calif., judge on Wednesday approved a settlement that forces CVS Caremark Corp. to pay $13.75 million to settle California claims that it illegally disposed of hazardous waste at California stores.

April 6, 2012
WSJ Report: CVS CIO departs

A report by the Wall Street Journal said that CVS Caremark CIO Stuart McGuigan has left the drugstore retailer, and will be holding the same position at Johnson & Johnson.

February 22, 2012
Keeping Family Dollar Stores on Fast Track

After 30 years in the drug store sector, Michael Bloom left CVS Caremark in September 2011 to become president and COO of Family Dollar Stores. The extreme-value chain has adopted an aggressive growth strategy in recent years, and plans to open 450 to 500 stores in 2012.

Family Dollar is equally committed to improving existing locations. Under its ambitious store-reinvention program, an estimated 1,000 locations are scheduled to be renovated, relocated or expanded this year.

February 14, 2012
Report: CVS Caremark contributes $1.2 billion to Rhode Island economy

CVS Caremark released an economic impact study of its contribution to the economy of its headquarters state of Rhode Island.

February 8, 2012
CVS Caremark Q4 profit up nearly 4%

CVS Caremark Corp.'s fourth-quarter earnings rose nearly 4% to $ 1.06 billion, amid increased pharmacy services revenue because of a long-term contract and new business.

January 9, 2012
Health Net sells Medicare unit to CVS

Managed care company Health Net Inc. announced it will sell its Medicare Part D stand-alone prescription drug business to CVS Caremark for $160 million.

December 20, 2011
CVS executives see strong growth for 2012

CVS Caremark executives shared plans to address the challenges facing health care during the company's annual Analyst Day in New York City.

November 3, 2011
CVS Caremark Q3 profit climbs 7.3%

CVS Caremark Corp.’s third-quarter profit rose 7.3%, to $868 million, driven by strong performances in its pharmacy businesses.

October 24, 2011
CVS announces executive promotions

CVS Caremark announced the promotion of three senior executives within its retail organization.

October 13, 2011
CVS Caremark launches Android app

CVS Caremark announced the release of the Caremark.com Droid application.

October 13, 2011
Tom Ryan, former CVS Caremark CEO, joins private equity firm

Global private equity firm Advent International announced that Thomas Ryan, former chairman and CEO of CVS Caremark Corp., has joined the firm’s Operating Partner Program.

August 24, 2011
CVS Caremark announces $4B stock buyback program

CVS Caremark said its board has approved a $4 billion stock repurchase program and that it intends to complete an earlier $2 billion program before the end of this year.

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