Boots Retail USA Inc

Walgreens Will Sell to Private Equity Firm in $10 Billion Deal

Shares of Walgreens Boots Alliance have lost about half their value in the past year, as the chain has faced pressure in its retail and pharmacy businesses.

By Danielle Kaye

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Walgreens Says It Will Close 1,200 Stores

The pharmacy giant said it would close the stores over the next three years and plans to “redeploy” the majority of the workers at the closed stores.

By Amanda Holpuch

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Investors Fear a Recession Spurred by the Fed’s Inflation Fight

Investors were alarmed at suggestions by Jerome Powell, the Federal Reserve’s chairman, that interest rates could go even higher in a bid to halt inflation.

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