Wal-Mart will expand its drug-discount program by filling prescriptions for more than 300 generic drugs at $10 for a 90-day supply, and will add a second pricing bracket for more expensive treatments for osteoporosis, breast cancer and other conditions prevalent in female patients. The Bentonville, Ark.-based retail chain said its program has saved consumers $1.16 billion since its inception.
In an effort to boost profits and shares, Wal-Mart announced plans to slow expansion and cut its capital budget. The Bentonville, Ark.-based company plans to use the saved money for share buybacks, said Chief Financial Officer Tom Schoewe.
Wal-Mart holds a patent on the carousel system that holds its plastic bags, which is found in more than 1,500 stores. The Bentonville, Ark.-based retailer filed suit in Delaware court to stop Kmart from using a similar tool.
Coca-Cola Co. has developed a vitamin-packed beverage called Vitango for distribution to developing countries as part of Project Mission, a Coke initiative aimed at decreasing certain health problems found in poorer countries. Set to launch in a year or so, Vitango will compete head-to-head with Procter & Gamble Co.'s Nutristar, launched in Venezuela in October.
USA Today looks at the growing organic food craze that has enjoyed a surge in popularity through organic airline food, organic pet food and Organic Style, a magazine on organic products. The article attributes the trend to sophisticated marketing that targets consumers in search of healthy living.