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39°
Friday, nov 29
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Chicago, IL
Business
Walgreens To Close 1,200 Stores
Walgreens plans to close about 1,200 stores over three years amid a decline in prescription drug payments and a rise in online competition. About 500 closures will come in 2025, the company announced in a statement released Tuesday morning, Oct. 15. Specific sites for store closures were not announced. Walgreens said its operating loss in fiscal 2024 was $14.1 billion, an increase of 104.5 percent compared to the year-ago period. Retail sales decreased 3.5 percent compared with the year-ago quarter, "reflecting a challenging retail environment and continued channel shift," Walgreens s…
Politics
Harris Taps Gov. Tim Walz As Running Mate As Swing State Tour Starts Ahead Of Convention
Vice President Kamala Harris has ended weeks of speculation after naming Minnesota Gov. Tim Walz as her running mate on Tuesday, Aug. 6. The 60-year-old Walz was a seemingly late entrant to the "veepstakes" but gained popularity after several media appearances went viral. The chair of the Democratic Governor's Association, Walz was a US Congressman from 2007 to 2019. A former high school social studies teacher, he's served 24 years in the Army National Guard. Harris said she chose Walz because of his dedication to working-class families. One of the things that stood out …
Politics
Biden Withdraws From 2024 Presidential Race, Endorses VP Kamala Harris To Be New Nominee
President Joe Biden has just announced he is pulling out of the 2024 race against Republican nominee Donald Trump. In a letter to "My Fellow Americans" released just before 2 p.m. Sunday, July 21, Biden said: “It has been the greatest honor of my life to serve as your president. “And while it has been my intention to seek re-election, I believe it is in the best interest of my party and the country for me to stand down and to focus solely on fulfilling my duties as president for the remainder of my term.” The news comes amid concerns over the 81-year-old Biden's health, which were loudly …