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BUSINESS BRIEFS.(TO THE POINT)
FINANCE
Cigna falls on lost customer fears
The HMO fell 5% after UBS Warburg cut it to neutral from buy, citing a poll that hinted Cigna will lose customers. Some 28% of members plan to switch providers as Cigna struggles to strike a good balance on premiums. Cigna plunged last Oct. after it slashed forecasts, saying it badly predicted costs. That prompted an SEC probe.
** Amerigroup fell 3% after saying CFO Scott Tabakin will quit the HMO on Oct. 1 for family business and personal reasons.
S&N mulling new Centerpulse bid
U.K. medical device maker Smith & Nephew is talking with lenders about raising money to sweeten its $2.5 bil offer for the Swiss orthopedics firm. Centerpulse had agreed to the bid, but U.S. rival Zimmer countered with a $3 bil offer. The Financial Times reported Zimmer will walk if S&N outbids it.
** Drug spending grew 11.3% in Q1 vs. 16.9% the prior year due to higher generic drug use and a light flu season, said pharmacy benefits manager Express Scripts.
- Strong Holiday Season At Tiffany & Co.: Sales Rose 14%: Comparable-Store Sales...
- Press release article from: PR Newswire January 8, 1998 700+ words
...achieved in all major markets. In Tiffany's three channels of distribution: U.S. Retail sales rose 22 percent, primarily due to comparable-store sales growth of 15 percent, as well as strong sales results in four new stores; Direct Marketing...
- Venator Group Reports First Quarter Sales Rose 13.5 Percent, Comparable Store...
- Press release article from: PR Newswire May 4, 2000 700+ words
...Athletic Group 1st Quarter Comparable Store Sales Rose 14.1 Percent * 1st Quarter Earnings Expected...consecutive quarter of increasing comparable store sales gains. Athletic Group comparable store sales rose 14.1 percent and the Northern Group...
- Venator Group Reports Fourth Quarter Sales Rose 3.7 Percent, Comparable Store...
- Press release article from: PR Newswire February 3, 2000 700+ words
...Athletic Group 4th Quarter Comparable Store Sales Rose 6.9 Percent * Direct-to...Venator Group's comparable store sales increased 5.6 percent for the quarter. Athletic Group comparable store sales rose 6.9 percent, while Northern...
- CONSOLIDATED STORES CORPORATION REPORTED JANUARY RETAIL SALES ROSE 35.3 PERCENT...
- Press release article from: PR Newswire February 2, 1995 700+ words
...Fourth quarter 1994 retail sales rose 30.0% to a record...billion in 1993. Comparable store sales for stores open two full...included in our comparable store sales calculation, generated a 28% same-store sales increase for the month...
- DECEMBER DOMESTIC COMPARABLE STORE SALES ROSE ABOUT 1 PERCENT AT WOOLWORTH...
- Press release article from: PR Newswire January 5, 1995 700+ words
...sales, foreign comparable store sales rose 4.5 percent, and total comparable store sales rose about 2 percent. For the forty...1994, domestic comparable store sales rose 1.4 percent. Using last year...
- AUGUST DOMESTIC COMPARABLE STORE SALES ROSE 1.4% AT WOOLWORTH CORPORATION
- Press release article from: PR Newswire September 1, 1994 700+ words
...sales, foreign comparable store sales rose 0.1 percent, and total comparable store sales rose 1.0 percent. For the thirty...1994, domestic comparable store sales rose 2.1 percent. Using last year...
- JUNE DOMESTIC COMPARABLE STORE SALES ROSE 1.9% AT WOOLWORTH CORPORATION
- Press release article from: PR Newswire July 7, 1994 700+ words
...sales, foreign comparable store sales rose 1.1 percent, and total comparable store sales rose 1.6 percent. For the twenty...1994, domestic comparable store sales rose 1.8 percent. Using last year...
- FEBRUARY DOMESTIC COMPARABLE STORE SALES ROSE 3.4% AT WOOLWORTH CORPORATION
- Press release article from: PR Newswire March 3, 1994 700+ words
...Using the prior year's exchange rates to translate both years' sales, foreign comparable store sales rose 1.5 percent and total comparable store sales rose 2.8 percent. In 1993 the company announced the closing of approximately 970 stores in...