- Reuters
Walgreens further cuts stake in drug distributor Cencora
The proceeds will be used primarily for debt paydown and general corporate purposes, Walgreens said. For the past year, the pharmacy chain has been gradually reducing its stake in the drug distributor. In November, Walgreens sold about $674 million worth of shares in Cencora and, prior to that, in August, sold some shares for proceeds of about $1.85 billion.
- Bloomberg
S&P 500 Companies Boost Profit by Stripping More Items From Earnings
(Bloomberg) -- Large US companies are bolstering their adjusted earnings per share by excluding items such as litigation expenses and amortization of intangible assets from their net income, even as regulators scrutinize such practices, a new analysis finds.Most Read from BloombergThese Flight Routes Suffer the World’s Worst TurbulenceCiti Trader Got 711 Warning Messages Before Sparking Flash CrashOne Dead After Singapore Air Flight Hit By Severe TurbulenceBarclays Managers Warn Some Staff to Pr
