Walgreens is finalizing a plan to fix its business that could result in the closure of hundreds of additional stores in the next three years. Chief Executive Tim Wentworth told analysts Thursday morning that “changes are imminent” for about 25% of the company’s stores, which he said were underperforming. Walgreens shares tumbled early Thursday after the drugstore chain also said …
There has been speculation that the appreciation of the rupee is likely to prompt Infosys to cut its guidance for the year. BRICS expects Infosys to cut rupee revenue growth guidance by 4.5 percent, while Nomura sees the company to cut only EPS guidance by 2 percent to Rs 163. “We estimate Infosys’s FY13 revenue growth guidance of 5 percent …
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