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Week of Mon, Jul 12th, 2010

Back-to-school sales may jump 16% over 2009

The economy may be in for a positive jolt if back-to-school spending rises by the 16% predicted by the National Retail Federation (NRF).

Pharmaprix to make readers accessible

Pharmaprix stores will make their debit card readers more accessible to disabled customers, under an agreement with the Quebec Human Rights Commission.

Walgreens raises quarterly dividend 27.3%

Walgreen Co. has increased its quarterly dividend 27.3% to 17.5 cents per share from 13.75 cents per share. The dividend is payable September 11 to shareholders of record August 19.

Mac Crawford, Wilbur Ross to invest in health care

Former CVS Caremark Corp. chairman Mac Crawford and Wilbur Ross Jr. of WL Ross & Co. are forming a joint venture to invest in and restructure health care companies.

Retail sales drop in June for second straight month

Retail sales slipped in June for the second consecutive month, fueling fears that the economy’s turnaround will lose steam over the remainder of the year.

Dick Domann named VP of Kerr Health

Pharmaceutical industry veteran Dick Domann has been named vice president of sales and business development for the Kerr Health unit of Kerr Drug.

British Columbia cuts generic drug prices

The provincial government will cut generic drug prices by reducing rebates manufacturers pay to pharmacies, including British Columbia-based London Drugs and Pharmasave.

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