On Monday, Shares of Rite Aid Corporation (NYSE:RAD), gained 2.07% to $8.89.
Rite Aid Corporation, declared that Paul Zikmund, a risk administration professional with nearly 30 years of experience, is joining Rite Aid as group vice president of risk and controls.
In this new position, Zikmund will oversee the risk administration program for Rite Aid in addition to its auxiliaries, RediClinic, Health Dialog and EnvisionRx. Zikmund will report to Tony Bellezza, Rite Aid senior vice president and chief compliance officer.
“Paul comes to Rite Aid with noteworthy experience in enterprise risk administration, having held a variety of positions spanning several industries over the course of his career,” said Bellezza. “His extensive background in organizational compliance, in addition to the development and administration of enterprise risk administration solutions, will be extremely valuable to Rite Aid as we continue to expand our governance, risk and compliance program.”
Rite Aid Corporation, through its auxiliaries, operates a chain of retail drugstores in the United States. The company sells prescription drugs and a range of other merchandise, counting over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and other every day and convenience products.
Shares of U.S. Bancorp (NYSE:USB), inclined 0.90% to $43.83, during its last trading session.
U.S. Bank is launching Your Community, a geo-location based app, providing unique resources and information for consumers. The app, which initially launched in the Santana Row area of San Jose, Calif., features local events, promotional offers, financial education tips, noteworthy community news and much more. The app was developed in partnership with BlueSoho and is accessible for FREE download in the app store for both Android and iOS devices.
“We are continually looking for new and innovative ways to connect with our customers through their mobile devices,” said Dominic Venturo, chief innovation officer for U.S. Bank. “Your Community also allows our business clients to make offers accessible to individuals near the merchants’ locations. We encourage everybody to download the app and check out all the offers and helpful financial tips.”
While the initial launch focuses on Santana Row, the app also comprises information that appeals to all geographic regions. When consumers download the app outside of San Jose, their location will be detected automatically, and they’ll receive relevant national U.S. Bank content.
U.S. Bancorp, a financial services holding company, provides a range of financial services in the United States. It offers depository services, which comprise checking accounts, savings accounts, and time certificate contracts; and lending services, such as traditional credit products, in addition to credit card services, leasing, financing and import/export trade, asset-backed lending, agricultural finance, and other products.
Finally, Patterson Companies, Inc. (NASDAQ:PDCO), ended its last trade with -0.10% loss, and closed at $49.14.
Patterson Companies, declared a definitive agreement to sell its medical business (Patterson Medical) to Madison Dearborn Partners (MDP), a leading private equity firm based in Chicago, for gross proceeds of about $715 million in cash. The sale is predictable to close in the fiscal second quarter, following the satisfaction of regulatory requirements and other customary closing conditions.
According to Scott P. Anderson, chairman and chief executive officer of Patterson Companies, “Patterson’s strategy for growth is to focus our resources and investments on building our dental and animal health businesses. We believe that the medical business will thrive under the new ownership that is dedicated to driving growth in the rehabilitation market. We received a strong offer from MDP. We are also enthusiastic about MDP’s commitment to support Patterson Medical’s customers and employees going forward. We believe that the medical business is solid, with a strong product portfolio and a dedicated employee group, and is well-positioned for future success.”
Patterson Companies, Inc. distributes dental, veterinary, and rehabilitation supplies. Its Dental Supply segment offers consumable dental supplies; impression and restorative materials; hand pieces; hand instruments; sterilization products; anesthetics; infection control products; paper, cotton, and other disposable products; and toothbrushes and dental accessories.
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