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Rite Aid, one of the largest U.S. pharmacy retailers, stumbled under its high debt, revenue declines, increased competition, and opioid litigation, according to its court filings. Founded in 1962, Rite Aid employs 45,000 people at more than 2,000 retail stores in 17 states, and will remain open for business during the bankruptcy. Rite Aid, which has denied wrongdoing, said it hopes to reach an "equitable" settlement of opioid litigation in bankruptcy. A woman shops inside a Rite Aid store underneath a DeepCam security camera in New York City, New York, U.S., June 25, 2020. Rite Aid closed 200 stores before its bankruptcy, and it expects to close more as its Chapter 11 case proceeds.

Persons: Lucas Jackson, McKesson, Jeffrey Stein, Elizabeth Burr, Leroy Leo, Abinaya Vijayaraghavan, Mariam Sunny, Arun Koyyur, Marguerita Choy, Bill Berkrot Organizations: Rite Aid, Rite, Endo International, REUTERS, Bankruptcy, District of, MedImpact Healthcare Systems, Elixir ., Rite Aid . Rite, Aid, Thomson Locations: U.S, New York City , New York, District of New Jersey, Bengaluru

☆ Drug retailer Rite Aid files for bankruptcy, gets $3.45 bln commitment
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +2 min

A woman shops inside a Rite Aid store underneath a DeepCam security camera in New York City, New York, U.S., June 25, 2020. The bankruptcy process will allow Rite Aid to resolve litigation claims in an "equitable manner", the company said. Rite Aid has appointed Jeffrey Stein as its new CEO and chief restructuring officer, replacing interim CEO Elizabeth Burr. Rite Aid has also reached an in-principle agreement with some of its senior secured noteholders that would significantly reduce its debt. MedImpact will serve as the 'stalking horse bidder' in a court-supervised sale process, Rite Aid said.

Persons: Lucas Jackson, Jeffrey Stein, Elizabeth Burr, Stein, Burr, noteholders, Abinaya Vijayaraghavan, Mariam Sunny, Sriparna Roy, Shweta Agarwal, Pooja Desai Organizations: REUTERS, Rite Aid Corp, U.S, Aid, Walgreens Boots Alliance, CVS Health, MedImpact Healthcare Systems, Solutions, Rite Aid, Bankruptcy, District of, Thomson Locations: New York City , New York, U.S, District of New Jersey, Bengaluru

☆ Trump kept a 'hit list' with pictures of the Republicans who voted to impeach him on his White House desk, Cassidy Hutchinson says in new book
▼ + stars: | 2023-09-26 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Cassidy Hutchinson said she was asked to make a "hit list" of the Republicans who voted to impeach Trump. Hutchinson said White House chief of staff Mark Meadows asked her to make a chart with their photos. Trump then kept the chart of the 10 House Republicans on the Resolute Desk. Hutchinson wrote that Trump then kept the list of the disloyal Republicans close by. In particular, he made it his mission to drive out the 10 House Republican lawmakers who voted to impeach him and the 7 Republican senators who later supported his conviction.

Persons: Cassidy Hutchinson, Trump, Hutchinson, Mark Meadows, —, Donald Trump, Meadows, Mark, Joe Biden, David Valadao, Dan Newhouse, Mitch McConnell, Richard Burr of, Pat Toomey, Sen, Ben Sasse, Mitt Romney, Romney, Rather Organizations: Republicans, White, Service, Capitol, Republican, White House, GOP, Trump, Senate, Pennsylvania, University of Florida Locations: Sens, Richard Burr of North Carolina, Nebraska, Utah

☆ The Best Home and Kitchen Deals to Shop This Prime Day
▼ + stars: | 2023-07-11 | by ( Madeline Diamond | ) www.wsj.com time to read: +8 min

It performed the best out of all the models we tried out when searching for the best air purifier—in our test, it cleared out 98.6% of smoke in just 30 minutes. It normally has a hefty price tag, but it’s marked down by 30% for Prime Day. For Prime Day, the vacuum is 40% off (that’s $400 in savings), which is the lowest price we’ve tracked this year. It’s nearly 30% off for Prime Day, so you might even want to stock up on a few. It normally goes for $130, but during Prime Day you can score one for $47 (that’s a 65% discount).

Persons: Madeline Diamond, it’s, Burr, fryer, —, Joseph Joseph, Sobel Westex, It’s, We’re, you’ve, now’s, Bissell, We’ve Organizations: Prime, Tree Company Locations: Eufy

☆ The 21 Best Early Prime Day 2023 Deals
▼ + stars: | 2023-07-07 | by ( Nick Guy | ) www.wsj.com time to read: +9 min

By Nick GuyAmazon’s Prime Day sales event is on July 11 and 12, but there are already deals live now for you to take advantage of. While you shop these deals, be sure to prepare with our expert tips and tricks for getting the most from Prime Day. Prime Day might be prime time for you to upgrade your coffee game. This piece, part of the Marine Star collection, is available as part of Amazon’s new invite-only program, which you can read more about in our guide to shopping Prime Day. We’re in the thick of cold brew season, which makes this early Prime Day sale on the Oxo Brew Cold Brew Coffee Maker perfectly timed.

Persons: Nick Guy Amazon’s, we’ll, you’re, you’ll, fryer, you’ve, Fryer, We’ve, There’s, It’s, Dyson, it’s Organizations: Marine, Apple, Cosori’s, Quart Locations: Burr

☆ The 8 Best Early Prime Day 2023 Deals
▼ + stars: | 2023-07-05 | by ( Nick Guy | ) www.wsj.com time to read: +3 min

By Nick GuyAmazon’s Prime Day sales event is on July 11 and 12, but there are already deals live now for you to take advantage of. While you shop these deals, be sure to prepare with our expert tips and tricks for getting the most from Prime Day. We’re in the thick of cold brew season, which makes this early Prime Day sale on the Oxo Brew Cold Brew Coffee Maker perfectly timed. Prime Day might be prime time for you to upgrade your coffee game. This model, which we named the best Ring video doorbell in our Buy Side Rated guide, is nearly 30% off leading up to Prime Day, bringing the price $10 lower than it’s ever been.

Persons: Nick Guy Amazon’s, we’ll, fryer, you’ve, Fryer, There’s, It’s, Dyson Organizations: Cosori’s, Quart Locations: Burr

☆ How long does it take to get hired in 2023? If you're looking for a job, you may have to wait.
▼ + stars: | 2023-07-05 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

Landing a new job this year may take a while, a study from two HR firms suggests. It takes companies an average of 44 days to hire for an open role after posting the job. It takes companies an average of 44 days to fill an open position, a day longer than last year's hiring cycle, the report says. For their part, job candidates have started to express frustration over how long the recruitment process is taking. The company did not get back to her for over four weeks, and she later learned she didn't get the job.

Persons: —, Josh Bersin, Janet Mertens, Josh Bersin Company's, Bersin, Ayomi, didn't, Megan Burr, I've, Burr Organizations: Tech, Service, Josh Bersin Company, AMS, Companies, CNBC, Wall Street

☆ Take a look inside the factory fueling candy giant Mars' $1 billion ice cream ambitions
▼ + stars: | 2023-06-25 | by ( Amelia Lucas | ) www.cnbc.com time to read: +4 min

Mars has also been expanding its portfolio, rolling out new flavors such as M&M's Cookies and Cream Ice Cream Cookie Sandwiches and Twix Cookie Dough Ice Cream. Mars' ice cream goals hinge on the old and the newMars entered the ice cream category in 1986 when it bought Dove, then known just for its ice cream bars before the candy company expanded it into chocolate. "We don't have the biggest ice cream brands, but we do believe we have the biggest brands in ice cream," Shaf Lalani, the U.S. head of Mars Ice Cream, told CNBC. "Mars Inc. ice cream brands face hefty competition, being ranks away from the leading spot in the U.S. ice cream market," said Carl Quash, Euromonitor's head of food and nutrition research. Twix Ice Cream is the fastest-growing product in the company's ice cream portfolio.

Persons: Mars, Anton Vincent, hasn't, General Mills, Bell, Carl, Lalani, — Organizations: Mars, Kind, Kind North America, National Football League, Cream, CNBC, U.S, Euromonitor, Haagen, Unilever, Mars Inc, Tru Locations: Burr Ridge , Illinois, Mars Wrigley North America, U.S, , Illinois, Kind North

☆ Carlyle names insider John Redett as finance chief
▼ + stars: | 2023-06-20 | by ( ) www.reuters.com time to read: +1 min

June 20 (Reuters) - Carlyle Group Inc (CG.O) named company veteran John Redett as its new chief financial officer, the investment firm said on Tuesday, in the first major appointment under Chief Executive Officer Harvey Schwartz's leadership. Redett, who will take over from Curt Buser on Oct. 1, joined Carlyle 16 years ago and currently leads the firm's global financial services. Redett, who previously worked for U.S. banking giants Goldman Sachs (GS.N) and JPMorgan (JPM.N), will also become the head of corporate strategy at Carlyle. Carlyle hired Schwartz, a former Goldman Sachs (GS.N) executive, as its chief executive officer earlier this year, after a six-month long search. Carlyle also said it has also appointed Jim Burr as the head of global financial services.

Persons: John Redett, Harvey Schwartz's, Redett, Curt Buser, Goldman Sachs, Carlyle, Buser, Schwartz, Jim Burr, Jaiveer Singh, Nivedita Bhattacharjee Organizations: Carlyle Group Inc, Carlyle, Goldman, JPMorgan, Thomson Locations: Bengaluru

☆ Dr. Mandy Cohen: Biden chooses the next CDC director
▼ + stars: | 2023-06-16 | by ( Betsy Klein | ) edition.cnn.com time to read: +9 min

And as Cohen takes on what’s become an increasingly politicized role at the CDC, Biden heralded her capacity to work across the aisle. I look forward to working with Dr. Cohen as she leads our nation’s finest scientists and public health experts with integrity and transparency,” the president said. Cohen will hit the ground running as leader of the world’s finest public health organization saving lives every day. Walensky announced her departure from her government role last month in the days before the Covid-19 public health emergency lifted. As she prepares to step into the role, Cohen inherits an agency wracked with challenges and low morale.

Persons: Joe Biden, Mandy Cohen, Rochelle Walensky, Dr, Cohen, ” Biden, what’s, Biden, Jeff Zients, Zients, “ Dr, ” Cohen, Walensky, –, Obama, ”, Andy Slavitt, “ She’s, Slavitt, Republican Sen, Richard Burr of, she’s, … I’ve, Mandy, ” Burr, Burr, “, ” Slavitt, Roy Cooper, Cohen “, Trump, Cooper, she’ll Organizations: CNN, US Centers for Disease Control, White House, CDC, North, North Carolina’s Department of Health, Human Services, Trump, Biden, Centers, Medicare, Medicaid Services, Yale School of Medicine, Harvard, of Public Health, The Washington Post, Center for Strategic, Studies, America’s Health Security, Republican, White, Democratic North Carolina Gov, Center for Health Sector Management, Duke University’s Fuqua School of Business Locations: North Carolina’s, Chan, “, North Carolina, Richard Burr of North Carolina, North Carolinians

☆ What’s a Barranca? U.S. Open Golfers Hope They Don’t Find Out.
▼ + stars: | 2023-06-15 | by ( Bill Pennington | ) www.nytimes.com time to read: +1 min

The barranca on the L.A. Country Club’s North Course comes into play repeatedly during the 18 holes, especially as protection in and around the greens. Errant golf balls that land inside the barranca may be unplayable and result in a one-stroke penalty. In other instances, expect to see competitors descending into the barranca with hopes of rescuing their golf balls. The L.A. Country Club barranca, however, is far from a random curio of the course layout. It serves an important, effective drainage role during rainy seasons and adds a natural, craggy aesthetic to the course design, which originated in the 1920s.

Persons: —, “ burr, Gil Hanse, Jim Wagner, Geoff Shackelford Organizations: Los Angeles Country, barranca Locations: U.S, Southern California

☆ Donald Trump’s criminal cases, explained
▼ + stars: | 2023-06-09 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +14 min

Trump was indicted back in March by the Manhattan district attorney on state charges related to hush-money payments to a former adult-film star in 2016. Smith is also overseeing other investigations related to Trump, including those regarding the January 6, 2021, insurrection and the 2020 election. That federal law deals with the illegal retention of “national defense information,” a broad term that encompasses classified documents and other sensitive government materials. Federal charges related to classified documents likely do not either. But people do routinely serve prison time for retention of classified documents, conspiracy and obstruction.

Persons: Donald Trump’s, He’s, Jack Smith, Trump’s, Trump, Aaron Burr, Wasn’t, isn’t Trump, Smith, Joe Biden’s, Jim Trusty, ”, Elie Honig, CNN’s Marshall Cohen, CNN’s Evan Perez, Joe Biden, Honig, “, Robert Ray, Ray, it’s, David Axelrod, ‘ They’re, ’, Richard Hasen, don’t, Jean Carroll, We’re, hasn’t, Hasen, Richard Nixon, Gerald Ford, Nixon’s, Spiro Agnew, Agnew, Burr, We’ve, Let’s Organizations: CNN, US Department of Justice, Trump, White, National Archives, Prosecutors, Lago, USC, FBI, DOJ, That’s, Manhattan, Justice Department, Republican, Democratic, University of California, Senate, State, Quinnipiac University, Service Locations: Lago, Miami, Manhattan, Florida, Trump . Miami, Washington, New York, Dade County, Los Angeles, United States, New York City, Fulton County , Georgia, York

☆ AOC and Matt Gaetz introduce a bipartisan bill to ban Congress members from trading individual stocks
▼ + stars: | 2023-05-02 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

A bipartisan group of lawmakers introduced a bill that would ban Congress members from trading individual stocks. Nancy Pelosi's husband Paul Pelosi has long been scrutinized for his extensive history of trading stocks. The Bipartisan Restoring Faith in Government Act would prohibit Congress members and their spouses and any dependents from trading individual stocks. The bill would prevent Congressional lawmakers and their spouses and dependents from trading individual stocks. Instead of owning individual stocks, Congress members would be allowed to buy and sell baskets of stocks via mutual funds or ETFs, as well as Treasury securities.

☆ Trying to Find Your Place in the World? Try Birding From a Different Angle.
▼ + stars: | 2023-04-18 | by ( Ty Burr | ) www.nytimes.com time to read: +3 min

A waxwing slain beneath a living-room window, its biannual journey stopped dead by the sky in a pane of glass. After 40 mostly satisfying years as a film critic, I began to feel all those imagined visions closing around my head. I yearned to shake them off, to return to reality; birding has come to seem one of the more graceful ways to do that. To me, the nightly BirdCast map is a corrective to our human-centric view of the planet. In April and May, the map’s a rainbow of arrival, a feathery procession as brilliant as a pride parade.

☆ Senate Democrats urge Walmart, Costco, Albertsons and Kroger to sell abortion pill mifepristone
▼ + stars: | 2023-03-14 | by ( Spencer Kimball | ) www.cnbc.com time to read: +4 min

Erin Hooley | Tribune News Service | Getty ImagesSenate Democrats called on Walmart , Costco , Albertsons and Kroger to sell the prescription abortion pill mifepristone and clearly let customers know how to get it at their pharmacies. The companies have not publicly stated yet whether they plan to sell mifepristone at their pharmacies. The 17 senators told Walmart CEO Doug McMillon, Costco CEO Craig Jelinek, Albertsons CEO Vivek Sankaran and Kroger CEO Rodney McMullen that they are frustrated the companies have not yet publicly indicated whether they will sell mifepristone. Major retailers in the U.S. have been thrust in the middle of the nation's deep divisions over abortion as they weigh whether to sell mifepristone. Walgreens has come under fire after it told the GOP attorneys general that it would not sell mifepristone in their states.

☆ Brain implant startup backed by Bezos and Gates is testing mind-controlled computing on humans
▼ + stars: | 2023-02-18 | by ( Ashley Capoot | ) www.cnbc.com time to read: +7 min

Philip O'Keefe, one of Synchron's patients in the SWITCH clinical trial, using his BCI. Philip O'Keefe, one of Synchron's patients in the SWITCH clinical trial, was the first person in the world to tweet using a BCI device. About 20 months earlier, O'Keefe was implanted with Synchron's BCI. Synchron's technology has caught the attention of its competitors. Source: SynchronIn January, the medical journal JAMA Neurology published the peer-reviewed, long-term safety results from a trial of Synchron's BCI system in Australia.

☆ The Watch List: Underscored’s most anticipated product launches of 2023
▼ + stars: | 2023-02-01 | by ( Cnn Underscored Staff | ) edition.cnn.com time to read: +10 min

CNN Underscored editors regularly highlight new product launches — everything from a new colorway of that viral pan to the next must-have sneaker — through announcement posts, in-depth reviews and comparative testing pieces. Now, for the first time, we’re giving readers a sneak peek at some of the most anticipated products that are set to launch in 2023 with a new feature: The Watch List. The Legendary Classic Canteen will combine an old-school aesthetic with modern design elements like a handy strap and leakproof lid. Meanwhile, the box quilt pattern keeps everything looking casual cool in four colors: natural, white, light gray and charcoal. Cabeau TNE S3: The Neck’s EvolutionCabeauThe Cabeau Evolution S3 is our pick for best travel pillow based on a variety of factors.

☆ Intel slashes employee, exec pay amid PC market downturn
▼ + stars: | 2023-02-01 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

Jan 31 (Reuters) - Intel Corp (INTC.O) said on Tuesday that it had made broad cuts to employee and executive pay, a week after the company issued a lower-than-expected sales forecast driven by a loss of market share to rivals and a PC market downturn. Intel last week said its profit margins were plunging as the PC market cools after several years of growth during the pandemic. The company has also lowered its 401(k) matching program from 5% to 2.5% and suspended merit raises and quarterly performance bonuses, the person said. Annual performance bonuses based Intel's overall financial performance will remain but those bonuses have been smaller in recent years as the company has lost ground to rivals, the person added. Reporting by Stephen Nellis in San Francisco; Editing by Christopher Cushing and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

☆ Consumer Reports: Best Drip Coffee Makers of 2023
▼ + stars: | 2023-01-13 | by ( Daniel Wroclawski | Consumer Reports | ) www.nbcnews.com time to read: +8 min

There’s no shortage of drip coffee makers on the market today. Each drip coffee maker we rate brews roughly 65 cups by the time our engineers are through with it. Below you’ll find reviews of nine top-rated drip coffee makers, with prices from around $37 to $330. To see even more options, check out our full coffee maker ratings, which include not only drip coffee makers but also cold-brew coffee makers, espresso machines, and more. This drip coffee maker grinds whole coffee beans just before brewing.

☆ Rite Aid CEO Heyward Donigan Leaves Drugstore Chain
▼ + stars: | 2023-01-09 | by ( Dean Seal | ) www.wsj.com time to read: 1 min

Rite Aid Corp. on Monday said that President and Chief Executive Heyward Donigan has left the drugstore chain, whose shares have been hovering near all-time lows as losses mount. The company tapped board member Elizabeth Burr as an interim CEO as it conducts a search for a new leader. Ms. Burr is a health industry veteran, having previously served as chief innovation officer at the health insurance giant Humana Inc.

Senator Richard Burr said on Friday that the U.S. Securities and Exchange Commission informed him this week it has concluded investigation concerning him with no action. U.S. authorities investigated Burr, a North Carolina lawmaker who did not seek reelection last year, for his stock trades before the downturn caused by the coronavirus pandemic. Burr denied any wrongdoing and said he relied solely on news reports to make decisions on his stock transactions. He said in January 2021 the Justice Department had closed a related probe. Reporting by Nate Raymond Additional reporting and writing by Chris Prentice, Editing by Franklin Paul and Philippa FletcherOur Standards: The Thomson Reuters Trust Principles.

☆ SEC ends insider trading probe of ex-Sen. Richard Burr and brother-in-law without taking action, lawyers say
▼ + stars: | 2023-01-06 | by ( Dan Mangan | ) www.cnbc.com time to read: +5 min

Burr and Fauth had a very short phone call on the same day as the stock sales, the SEC has said in court filings. The Department of Justice earlier had closed a criminal investigation of Burr and Fauth without taking action against either man. The SEC in court filings has said that on Feb. 13, 2020, Burr called his stockbroker and directed him to sell more than $1.65 million worth of stock. Almost three hours later, Burr called Fauth's cellphone for a call that lasted 50 seconds, the SEC has said. A minute or less after that, Fauth called his primary stockbroker, who did not answer, the SEC has said in filings.

☆ Emmett Till and his mother honored with congressional medal
▼ + stars: | 2022-12-22 | by ( Associated Press | ) www.nbcnews.com time to read: +2 min

The House unanimously passed a bill Wednesday to posthumously award the Congressional Gold Medal to Emmett Till, the Chicago teenager murdered by white supremacists in the 1950s, and his mother, Mamie Till-Mobley. The bill, which passed the Senate in January, is meant to honor Till and his mother — who had insisted on an open casket funeral to demonstrate the brutality of his killing — with the highest civilian honor that Congress awards. The medal will be given to the National Museum of African American History where it will be displayed near the casket Till was buried in. The killing galvanized the civil rights movement after Till’s mother insisted on an open casket and Jet magazine published photos of his brutalized body. The designation comes months after President Joe Biden signed the first anti-lynching legislation, named after Till, into law.

☆ Todd and Julie Chrisley ordered to report to Florida prisons in mid-January
▼ + stars: | 2022-12-14 | by ( Alta Spells | ) edition.cnn.com time to read: +1 min

The couple have been ordered to report to two different federal prisons on January 17, according to the documents. Todd and Julie Chrisley, best known for their reality series “Chrisley Knows Best,” were found guilty in June of conspiracy to defraud banks out of more than $30 million in fraudulent loans. Todd Chrisley, who was sentenced to 12 years in prison with three years of supervised release, has been assigned to serve time at FPC Pensacola, a minimum-security facility in Pensacola, Florida. His wife Julie Chrisley was sentenced to seven years in prison and three years of supervised release. But Todd and Julie are people of faith, and that faith gives them strength as they appeal their convictions.”

☆ Child tax credit: Democratic lawmakers make last-ditch effort to enhance benefit
▼ + stars: | 2022-12-11 | by ( Tami Luhby | ) edition.cnn.com time to read: +6 min

CNN —Buoyed by the steep drop in child poverty last year, a group of Democratic lawmakers and progressive advocates are pushing hard to restore at least part of the enhanced child tax credit that stabilized many families’ finances in 2021. GOP Sen. Mitt Romney of Utah, a longtime advocate of the child tax credit, crafted an enhanced version earlier this year, along with fellow Republican Sens. The 2021 enhancementThe American Rescue Plan made three significant changes to the child tax credit for 2021. A reduction in child povertyThe expansion lifted 2.1 million children out of poverty in 2021, according to the Census Bureau. It helped drive child poverty to 5.2%, a drop of 46%, according to the bureau’s Supplemental Poverty Measure.

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