Duane Reade News
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RadioShack Corp. hired Joseph C. Magnacca as its fourth chief executive officer in three years, tapping a drugstore marketing expert to help revive the unprofitable electronics chain.
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Industry groups including the American Beverage Association asked a judge to strike down New York’s proposed ban on the sale of large servings of soda, calling it an unfair burden on small businesses.
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Former Duane Reade Inc. Chief Executive Officer Anthony Cuti was convicted of conspiracy and securities fraud for falsely inflating income at the drugstore chain and misleading investors.
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U.S. prosecutors won a victory in their crackdown on offshore tax evasion when a federal appeals court said a former UBS AG client must turn over his bank records to a U.S. grand jury.
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SL Green Realty Corp., New York City’s biggest office landlord, agreed to buy a recently completed apartment building in Brooklyn for its first residential investment in the borough.
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Former Duane Reade Inc. Chief Executive Officer Anthony Cuti was sentenced to three years in prison for falsely inflating income and misleading investors.
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Walgreen Co. , the largest U.S. drugstore chain, said third-quarter profit declined 11 percent as the company remodeled stores to spur sales growth. The shares fell 6.5 percent.
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Sandy, the Atlantic superstorm that ravaged the East Coast, knocked out cable or phone connections to more than 1 million customers in the New York area and weakened wireless service from Virginia to Massachusetts.
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Former Duane Reade Inc. Chief Financial Officer William Tennant was sentenced to three years’ probation for his June 2010 securities fraud conviction.
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Retailers from Walgreen Co. to Macy’s Inc. kept stores shuttered in hard-hit New York and New Jersey while reopening some other East Coast locations as they worked to assess the damage to their shops and sales.
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