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The Latest Breaking News from Kroger

‘We’re really worried’: US supermarket mega-merger raises mass layoff fears

Kroger and Albertsons seek deal through Federal Trade Commission but employees say previous merger experience has them deeply concerned

The Guardian - US

Judge sides with Albertsons in fight over $4 billion investor payout

SEATTLE — A King County judge on Friday ruled that Albertsons’ plans to pay out $4 billion in dividends to shareholders can go forward amid its increasingly contentious merger with another grocery giant, Kroger.

Tribune News Service

Fight to curb food waste increasingly turns to science

Hate mealy apples and soggy french fries

The Independent UK

From analysis to the latest developments in health,
read the most diverse news in one place.

A behind-the-scenes look at how 10 Fortune 500 HR executives are developing return-to-office strategies

People leaders from Amazon, Walmart, and Google share how they're crafting return-to-office strategies to best support the business.

Fortune

Bengals’ Sam Hubbard named Walter Payton NFL Man of the Year Award nominee

Sam Hubbard gets the nod for the prestigious award.

USA Today Sports Media Group

Kroger employees still aren't being paid

Since Labor Day, Kroger has blamed a "glitch" in its new payroll system for incomplete and late paychecks

Salon

Thanksgiving: Which grocery stores are open today across the US?

Whole Foods Market, Kroger and Safeway are all open for last-minute ingredient runs

The Independent UK

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Rockets host Thanksgiving charity events to give back to Houston

Jalen Green, KJ Martin, and Jae’Sean Tate are among #Rockets players giving back to the Houston community during the Thanksgiving holiday.

USA Today Sports Media Group

Commentary: Grocery store monopolies are bad news for shoppers

American families are heading into the end-of-year holidays facing sticker shock in the grocery aisles. Prices have jumped 13% over the past year, with even larger increases for staples like eggs, chicken and pork. Although inflation decreased slightly in October, it remains a top concern in public opinion polls for…

Tribune News Service

McDonald’s and Walmart beef suppliers criticised for ‘reckless’ antibiotics use

Exclusive: Most important antibiotics for human health still used in supply chains of major US food companies, risking spread of superbugs

The Guardian - UK

Warren Buffett’s portfolio: Here are the stocks Berkshire Hathaway is buying or selling

Warren Buffett is arguably the world’s most famous investor, and his investment moves are closely followed. Each quarter, the company he runs, Berkshire Hathaway, discloses its current holdings to shareholders.

Tribune News Service

Consumer groups want grocers to ditch digital-only deals

A coalition of consumer groups is asking grocery chains to rethink their digital-only coupons

The Independent UK

Major retailers are hiking their store card APRs over 30%; here’s how you can avoid high-interest credit debt

The Kroger supermarket chain is the latest retailer to raise its store card APR. With other retailers following suit, here’s how you can protect your finances.

Fortune

Kroger employees report late paychecks

“I feel like management should forfeit their pay for a few weeks and see how they can pay bills and buy groceries"

Salon

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Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For November 9, 2022

Upgrades

Chicago Sun-Times

Food co-ops are a better alternative to corporate grocers

Corporate grocers may not reflect our values in areas like sustainability and labor practices. Food co-ops allow us to own and control grocery options that reflect our values.

Chicago Tribune

Illinois AG sues to stop Jewel-Osco parent Albertsons from paying $4 billion dividend

Illinois Attorney General Kwame Raoul has sued grocery giants Kroger and Albertsons, which announced in October they plan to merge, over a nearly $4 billion payment scheduled to go out to Albertsons shareholders in November.

The Independent UK

State attorneys general sue to block Albertsons' $4B payout

The attorneys general of California, Illinois and the District of Columbia are suing Albertsons to stop the grocery chain from paying nearly $4 billion to its shareholders

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news in one place.

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One news app.

Tribune News Service

WA sues to block $4 billion Albertsons dividend ahead of Kroger merger

Washington's top lawyer has asked a court to stop Albertsons from paying investors a $4 billion dividend set to be paid out ahead of the grocery retailer's proposed merger with rival Kroger.

StockNews.com

Buying This Consumer Staples Stock in Q4 Is a Great Idea

Leading food and drug retailer Albertsons (ACI) recently entered a merger agreement with Kroger (KR), which is expected to add substantial value to the company and its shareholders. The fundamental strength, promising growth prospects, solid dividend record, and the non-cyclical nature of its business make ACI a safe buy this…

StockNews.com

The Best Stock to Buy in the Strongest Sector Right Now

Grocery retailer Kroger (KR) reported solid second-quarter financials and raised its full-year guidance. The company’s consistent performance amid the current macroeconomic headwinds reflects the non-cyclical nature of its sector and the company’s fundamental strength. Moreover, its steady earnings stream allows it to pay increasing dividends to stockholders. Hence, we think…

StockNews.com

Got Extra Cash? Here's 1 Stock to Spend It On

Food and drug retailer Albertsons (ACI) reported stellar second-quarter earnings, and the company has guided solid growth in the upcoming quarters. Moreover, ACI’s merger agreement with Kroger (KR) is expected to see the merged entity control about 20% of the nation’s grocery market. Read on to know more….

The Guardian - US

Kroger-Albertsons mega-merger could cause more US food deserts, experts say

Agreement between two of the largest supermarket chains in the US could also make prices increase

Los Angeles Times

California attorney general demands Albertsons delay $4 billion dividend ahead of possible Kroger merger

California Attorney General Rob Bonta and his peers in several other states demanded Wednesday that Albertsons Cos. delay paying a $4-billion dividend to investors until after the company's merger with rival supermarket chain Kroger Co. is reviewed by the Federal Trade Commission.

The Philadelphia Inquirer

A $4 billion payout: In Albertsons' sale, where is the grocery workers' cut?

If the Federal Trade Commission clears grocery giant Albertsons' $20 billion sale to Kroger on schedule next month, the private-equity investors who control this collection of U.S. grocery and drug store chains will have squeezed out profits nine times larger than what they invested since 2006.

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