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DSW steps up store openings in 2012
COLUMBUS, Ohio — DSW is raising its full-year earnings guidance and accelerating new store openings following strong November and December sales results.
The company said it has raised its annual diluted earnings per share guidance to a range of $2.96 to $2.99 for fiscal 2011 from a range of $2.90 to $2.95, excluding any impact from the RVI merger and related items.
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Health Net sells Medicare unit to CVS
New York City -- 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.
The business has about 400,000 members in 49 states and Washington, D.C., with annual revenue of approximately $490 million.
The deal is scheduled to close during the second quarter, pending approval from antitrust regulators.