The drugstore company said it withdrew its unsolicited offer to buy Longs Drug Stores, a smaller rival , citing Longs’ unwillingness to enter into talks.

The drugstore chain hired new operating and finance chiefs after reporting its fifth consecutive unprofitable quarter and projecting a wider loss for the year.

CVS Caremark said that it would buy its West Coast rival Longs Drugs Stores in a $2.54 billion deal that would allow it to expand in states like California.

NEW YORK (AP) — Drug store and pharmacy operator CVS Caremark said Thursday its second-quarter profit grew 7 percent due to improved sales at its retail drug stores.

A majority of Internet sites that advertise or sell controlled medications are offering to supply the drugs without a proper prescription, according to a new study.

The drugstore operator Rite Aid posted a quarterly loss as it continued to spend heavily to absorb more than 1,850 newly acquired stores.

Walgreen has to settle a federal whistle-blower lawsuit claiming that it overcharged Medicaid for prescriptions by switching from capsules to tablets, or vice versa, depending on which was more expensive.

The internet search giant joins other companies, all hoping to capitalize on the potential of Internet tools to help consumers manage their own health care.

Wal-Mart announced it would expand its discounted prescription drug program to offer 90-day supplies for $10 and add several women’s medications at a discount.