Walgreens Boots Alliance on Thursday entered into an agreement with private equity firm Sycamore Partners to go private. The deal is valued at $10 billion.

Walgreens said five retail pharmacy stores in Southern California will close in late March, citing "increased regulatory and reimbursement pressures."

A Justice Department lawsuit alleges the illegal prescription-filling by Walgreens included opioids, and began in August 2012.

Walgreens CEO Tim Wentworth admitted in a recent fiscal report call that combatting shoplifting by locking up items has led to customer dissatisfaction.

Walgreens will permanently shut the doors of 12 of its San Francisco locations. The closures are scheduled for late February, according to the company.

Walgreens will have more freedom to aggressively cut costs if it becomes privately owned, one industry analyst said. The company is reportedly in talks with Sycamore Partners.

Walgreens announced that it will close about 1,200 stores over the next three years, with 500 shuttering as early as next year. It's part of the company's turnaround effort.

Walgreens has agreed to pay a $106.8 million fine to settle the Department of Justice's claims the pharmacy billed the government for prescriptions that were never dispensed.

A Florida man has been arrested after he went on a late-night junk food and cigarette splurge inside a closed Walgreens after purposely locking himself into a restroom, police say.

Walgreens on Thursday announced that it is planning to close a number of underperforming stores as it contends with a tough economic environment and declining margins.

Walgreens is joining a growing number of companies that are cutting prices on a number of goods to lure in shoppers and boost sales in the midst of inflation.

A Tennessee mother is suing Walgreens almost a year after an employee – who suspected her of shoplifting – followed her to the parking lot and shot her seven times.

Pro-life groups have pushed back against Walgreens and CVS stores' decision to begin selling the abortion pill mifepristone this month, calling it "shameful."

The companies said last year they planned to offer the pill following the FDA's decision to allow retail pharmacies to sell mifepristone in the country for the first time.

The father of a CVS pharmacist is pleading that the industry step up its efforts to help workers who have been faced with demanding working conditions.

Walgreens Boots Alliance's U.S. retail pharmacy unit brought in revenue of $28.94 billion in the first quarter, topping analysts' average estimate of $27.26 billion.

Anti-Israel protesters in Oakland, California, smashed windows and spray painted "Free Gaza" and "Death 2 Zionism" on Starbucks and Walgreens locations.

J.P. Morgan analysts are optimistic about Walgreen's newest CEO saying they are encouraged by his expertise in healthcare services like leading Cigna’s health services organization.

CVS confirmed Thursday that it has voluntarily decided to remove certain medicines after an FDA panel had determined last month that their active ingredient is not effective.

The new CEO of Walgreens Boots Alliance will help steer a massive cost-cutting plan as the drug-store chain attempts to stop losing money and as demand from COVID related products wains.