HCA Holdings Inc (NYSE:HCA) wants to expand its urgent-care services in Dallas with the acquisition of the home-grown CareNow. The company expects the acquisition to bolster its operations. CareNow now operates 24 urgent care facilities in Dallas. While the company did not update on the financial details of the acquisition, it expects to complete it in the current quarter.
The planned acquisition is part of HCA Holdings Inc (NYSE:HCA)’s efforts to position itself for future growth to increase shareholder value. The company has also allocated $1 billion to return to the shareholders in the form of the stock repurchase.
HCA Holdings Inc (NYSE:HCA) updated that it generated earnings of $1.16 per share and revenue of $9.22 billion in the most recent quarter. It also guided bullishly for the current year as it expects adjusted EPS in the range of $4.40-$4.60. Revenue is expected in the range of $36.5-$37 billion.
An insider at HCA Holdings, John M. Steele, offloaded 13,000 shares this week at an average price of $72. He retained 13,129 shares following the transaction.
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Goodyear Tire & Rubber Co (NASDAQ:GT) is seeking $19.5 million from Sears Holdings Corp (NASDAQ:SHLD) in a dispute over a bungled deal. The tire maker entered an agreement with the retailer to supply it with co-branded tires. But Sears reportedly refused to buy more than 200,000 tires with an estimated value of $18.9 million. In addition to refusing to buy the tires, Sears also blocked Goodyear Tire from selling them to interested customers.
Meanwhile, Goodyear Tire & Rubber Co (NASDAQ:GT) is in the process of developing an innovating tire that can maintain pressure. The company said that a number of trucking companies drawn from the U.S. and Canada will be testing the new tire. The test is expected to run for 18 months, the company said.
Goodyear Tire & Rubber Co (NASDAQ:GT)’s innovative tire allows for maintenance of pressure without the need for an external pressure pump or even other electronics to that effect. The company obtained $1.5 million in government grant for the project. It is reported that incorrect pressure in the tires can lead to unwanted safety and fuel mileage issues. Tires also wear out faster when pressure is incorrect.
Goodyear Tire & Rubber Co (NASDAQ:GT) generated sales of $4.7 billion in the latest quarter, which was short of $5 billion generated last year. The quarter’s revenue was adversely impacted by $137 million in currency translation.
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Rite Aid Corporation (NYSE:RAD)’s sales are on a positive trend, increasing sequentially and year-over-year as in the case of the latest update. The drugstore operator said same-store sales were up 5.5% sequentially for the October period. Additionally, the company said pharmacy same-store sales were up 7.1%. Overall, Rite Aid Corporation (NYSE:RAD) posted 5% increase in sales to $2.058 billion. That was better than $1.961 billion on the like quarter last year.
Rite Aid Corporation (NYSE:RAD) was among the store operators that deactivated Apple Inc. (NASDAQ:AAPL)’s Apple Pay.