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Rite Aid Files for Bankruptcy, Facing Slumping Sales and Opioid Suits

Bankruptcies CVS Caremark Corporation Drugs (Pharmaceuticals) Drugstores Mergers, Acquisitions and Divestitures Opioids and Opiates Rite Aid Corporation Suits and Litigation (Civil) Walgreen Co

Rite Aid Files for Bankruptcy, Facing Slumping Sales and Opioid Suits

The pharmacy chain, one of the country’s largest, faces more than a thousand lawsuits that say it filled illegal prescriptions for painkillers.

By Jordyn Holman and Lauren Hirsch

As the Fed Raises Rates, Worries Grow About Corporate Bonds

Bankruptcies Bed Bath & Beyond Inc Carvana Co Credit and Debt Credit Ratings and Credit Rating Agencies Inflation (Economics) Interest Rates Real Estate (Commercial) Recession and Depression Revlon Inc Rite Aid Corporation Shopping and Retail Stocks and Bonds United States United States Economy

As the Fed Raises Rates, Worries Grow About Corporate Bonds

Executives, analysts and bond traders are all wondering if corporate finance is about to unravel as interest rates rise.

By Talmon Joseph Smith