Walgreens swings to loss on weakness at Boots

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  • Drug store chain Walgreens took a hit last quarter forcing it to announce a halt in share buybacks and 4,000 job cuts at its struggling UK unit Boots.

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    In This Story: Share buyback

    A share buyback or share repurchase is the re-acquisition by a company of its own shares. It represents a way of returning money to shareholders, in addition to dividends.

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