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(Reuters) - Walgreens Boots Alliance Inc (WBA.O) said on Thursday it would consolidate warehouses and shut some stores as part of a cost-cutting plan aimed at saving more than $1 billion annually. Shares of the company, however, fell nearly 3 percent as the company’s international business suffered mainly due to weak demand in Britain, where its market share gains were offset by a weak retail environment. The company operates nearly 2,500 stores in the UK, roughly half its non-U.S. stores, making it vulnerable to Brexit-related uncertainties.

“Walgreens’ overall profitability was not as strong as we would have liked, This, in our view, was due to lower demand in swarovski crystal light gray pearl cufflinks the United Kingdom,” Edward Jones analyst John Boylan said, The cost-cutting program, which is expected to save more than $1 billion by the end of the third year, comes as the company consolidates 1,932 stores acquired from Rite Aid Corp (RAD.N) last year for $4.38 billion, The company said its pharmaceutical wholesale division and retail businesses in Chile and Mexico were part of its cost-saving plan, which is expected to result in significant restructuring and other special charges..

International retail sales fell 5.9 percent to $2.9 billion, while same-store sales at its U.S. retail stores, where it sells over-the-counter drugs and personal care products, fell 3.2 percent. “We were facing a tough year-ago comp number that was boosted by the impact of hurricanes and a very strong cough-cold flu season,” Chief Financial Officer James Kehoe said on a conference call. U.S. retail sales also took a hit as the company scaled back sales of certain products including tobacco.

However, its U.S, pharmacy business posted a strong quarter, helping Walgreens beat profit estimates, Same-store sales at its U.S, pharmacies rose 2.8 percent, beating analysts’ estimates of a 2.6 percent increase, according to IBES data from Refinitiv, Net swarovski crystal light gray pearl cufflinks income attributable to the company rose to $1.12 billion, or $1.18 per share, in the first quarter ended Nov, 30 from $821 million, or 81 cents per share, a year earlier, Excluding items, Walgreens earned $1.46 per share, Sales rose 9.9 percent to $33.79 billion..

MUNICH (Reuters) - A German court ruled on Thursday that iPhone maker Apple Inc (AAPL.O) infringed a hardware patent of Qualcomm Inc (QCOM.O) and said the U.S. company could no longer sell some iPhone models in Germany which contain a particular component. The ruling is not final as Apple can appeal to a higher court, judge Matthias Zigann told the court. The German case is Qualcomm’s third major effort to secure a ban on Apple’s lucrative iPhones over patent infringement allegations after similar court efforts in the United States and in China, one of which resulted in Chinese court ordering a ban on sales of some iPhones there earlier this month.

MONTREAL (Reuters) - Canada’s Bombardier Inc will deliver its first Global 7500 corporate jet on Thursday, premiering a full-sized bed and optional en-suite shower, in a challenge to U.S, planemaker Gulfstream at the top of the luxury jet market, To meet demands by wealthy travelers, business jet manufacturers are increasingly filling their cabins with hotel-style features, previously seen swarovski crystal light gray pearl cufflinks only in converted commercial aircraft, by harnessing lighter-weight materials and technology that do not compromise a plane’s range..

The Global 7500, with a $73 million list price, will compete with Gulfstream’s G650, which has dominated the top end of the business jet market since its entry into service in 2012. “With no direct in-production competitor in this segment, Gulfstream has had quite a run at the top of the market,” said Rolland Vincent, a consultant and founder of business aviation forecasting service JetNet. Both jets can connect far-flung cities like New York and Tokyo while flying at just under the speed of sound. But Bombardier says its Global 7500, the largest corporate plane not transformed from an airliner, is the first to offer a bed not converted from an onboard sofa.

“It’s really a battle of superlatives,” Vincent said, Bombardier, in the middle of a deep restructuring, is counting on sales of its Global 7500 and other new large-cabin aircraft, the Global 6500 and 5500, which enter service next year, to boost swarovski crystal light gray pearl cufflinks its business jet division revenues to $8.5 billion in 2020, up from about $5 billion in 2018, Among new features for the 6500, which lists for $56 million, the company is developing a convertible chaise lounge that passengers can use as a bench, a reclining chair or a lie-flat mattress..

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