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The Latest Breaking News from Kroger

Short Circuit: A Roundup of Recent Federal Court Decisions

Retaliatory pepper spray, excessive damages awards, and the power of the purse.

Reason

Texas Pete Hot Sauce the Latest Victim in Exploding Trend of Cynical False Labeling Lawsuits

A handful of law firms are behind a spike in class-action lawsuits claiming consumers are harmed by opaque, half-full macaroni boxes and "all natural" fiber supplements.

Reason

Put Kroger and Albertsons merger plan under a Senate microscope

Given the escalating price of groceries and the amount of food insecurity locally and nationally, a Senate subcommittee should move ahead quickly with hearings on the merger plan.

Chicago Sun-Times

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In Seattle, Kroger-Albertsons merger raises fears of closures, 'grocery deserts'

Nothing unsettles the average Seattleite quite like the thought of change at the local grocery store.

Tribune News Service

SpaceX Starlink's New In-Flight Connectivity Service, Amazon's NY Workers Reject Union, Celsius Network Faces Several Federal Investigations: Top Stories Wednesday, Oct. 19

Reuters US Lawmakers Plan Hearing On Kroger, Albertsons' $25B Merger

Benzinga

Kroger Needs Albertsons to Take on Walmart, Target, Amazon, and Costco

The National Grocers Association has come out against the deal (because they seem unaware of Amazon, Walmart, Target, and Costco).

The Street

Michael Hiltzik: Think food inflation is bad now? Wait till Kroger and Albertsons merge

The gargantuan proposed $24.6-billion merger of supermarket behemoths Kroger and Albertsons is being touted by the merger partners as a boon to consumers.

Los Angeles Times

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Albertsons Stock Popped Last Week Amid Kroger Merger Deal

A Relative Strength Rating upgrade for Albertsons stock shows improving technical performance. Will it continue?

Investors Business Daily

Benzinga's Top Ratings Upgrades, Downgrades For October 17, 2022

Upgrades

Benzinga

By the numbers: The Kroger-Albertsons merger

Kroger announced plans to acquire Albertsons Companies Friday in a $24.6 billion deal that could reshape the grocery market across the country, where the two chains are among the biggest grocers.

Tribune News Service

Kroger, Albertsons forge $24.6 billion grocery giant combination

Kroger Co. agreed to buy Albertsons Cos. in a deal with an enterprise value of $24.6 billion that would create a U.S. grocery giant with almost 5,000 stores and annual revenue of about $200 billion.

Tribune News Service

Kroger is promising to lower prices after its proposed acquisition of Albertsons

Kroger says it'll lower prices if it's allowed to buy Albertsons, but consumer watchdogs are skeptical.

Axios

Stock Market Closes Near Lows; Dow Manages To End The Week With A Gain

The stock market held onto big losses in afternoon trading. A healthcare stock was one of only three positive Dow stocks today.

Investors Business Daily

Charlotte's Web Cuts Big Deal With Major Sports League

Charlotte's Web found a perfect partner to launch its Sport tincture treatment for inflammation.

The Street

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AFP

Kroger unveils $24.6 bn deal to create supermarket giant

New York (AFP) - Grocery chain Kroger will acquire smaller rival Albertsons in a $24.6 billion transaction announced Friday that would create a supermarket giant but could face tough regulatory scrutiny.

Benzinga

Biden Asked OPEC+ To Delay Output Decision, Elon Musk Faces Federal Probe Over Twitter Deal, Netflix Ad-Supported Plan: Top Stories Friday, Oct. 14

Reuters Twitter Says Elon Musk Under Federal Probe Over $44B Twitter Deal, In Court Filing

WEKU

Kroger and Albertsons plan merger to combine 2 largest supermarket chains

The $25-billion deal is likely to draw intense scrutiny from federal regulators and critics as it would form a new supermarket colossus at a time of soaring food costs.

Chicago Sun-Times

Jewel, Mariano’s owners announce $20 billion merger

Kroger and Albertsons, two of the nation’s largest grocers, have agreed to merge in a deal that would help them better compete with Walmart, Amazon and others that have stepped into the grocery business.

Get all your
news in one place.

100’s of premium titles.
One news app.

Axios

Kroger snaps up Albertsons in grocery megamerger

The deal for two of the nation's largest grocery chains is valued at $24.6 billion.

The Street

Kroger To Buy Albertsons In $25 Billion Grocery Market Shake-Up

Kroger CEO Rodney McMullen said the $25 billion merger with Albertsons "advances our commitment to build a more equitable and sustainable food system".

The Street

Albertsons Stock Surges On Report of Merger Talks With Grocery Giant Kroger

A tie-up between Albertsons and Kroger would create a grocery chain giant with combined annual sales of more than $200 billion.

Investors Business Daily

Kroger Stock Showing Improved Relative Strength In Current Market

A Relative Strength Rating upgrade for Kroger shows improving technical performance. Will it continue?

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For October 10, 2022

Upgrades

The Guardian - US

New ‘Striketober’ looms as US walkouts increase amid surge in union activity

Support for unions is on the rise as workers take action to raise pay and conditions amid booming company profits

InsideEVs

GM Unit BrightDrop Debuts Electric Cart For Hauling Groceries

Built on BrightDrop's Trace Platform, the temperature-controlled Trace Grocery is said to streamline order fulfillment and pickup for online grocery purchases.

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People

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