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The drug store chain is also planning to cut jobs at its corporate offices in Pennsylvania, according to the letter.

The company told employees it will cut jobs after failing to secure additional financing from its lenders, Bloomberg News reported earlier in the day, citing an internal letter from Schroeder.

Rite Aid has told its employees it intends to file bankruptcy less than a year after ... The drug store chain is also planning to cut jobs at its corporate offices in Pennsylvania.

Bloomberg, citing a letter sent to employees by Rite Aid CEO Matthew Schroeder, reported Monday that Rite Aid intended to file for bankruptcy despite completing its recent restructuring plan.

IOWA CITY, Iowa — (AP) — The president of the nation's largest union for federal workers said Monday the organization's ongoing staff downsizing will devastate the services it provides members ...

"If you get tables that are three or four bottles of wine in and then start complaining, it's probably time to cut them off and settle the bill." How long is too long? In an overworked and ...

As we approach another Bank of England base rate decision next Thursday, the markets are expecting to see a cut from the Monetary Policy Committee. So, ahead of that meeting, I thought I'd round ...