Walgreens Opens Wide, Swallows Up Duane Reade

Walgreens Opens Wide, Swallows Up Duane Reade

Anyone who’s lived in — or even visited — New York City is familiar with Duane Reade Pharmacies, the only business that competes with Starbuck in terms of retail space in the five boroughs. And, as a New Yorker, I know it’s a love-hate relationship with the local chain. But the era of a Duane Reade on every corner in Manhattan may be coming to an end with the announcement this morning that Illinois-based drugstore giant Walgreens is in the process of buying Duane Reade out. [More]

Sorry, AirTran, your hostile takeover failed. An investment group lead by Northwest Airlines will buy Midwest Airlines, taking the airline private. The fate of the chocolate chip cookies is unknown. [Washington Post]