Albertsons Cos. Q2 Results Top Estimates

Kroger Now Plans To Cut Grocery Prices By $1 Bln Upon Albertsons Merger

Supermarket chain Kroger Co., amid the ongoing regulatory hurdles in its proposed $25 billion merger with Albertsons Cos., now plans to cut grocery prices by $1 billion, upon the closure of the deal, Bloomberg reported. This is double the $500 million cut in prices the company announced, while the merger deal was revealed in 2022. The supermarkets also plan to spend $1 billion to increase...

RTTNews | 129 dias atrás

FTC, States Sue To Block Kroger's $24.6 Bln Albertsons Deal

The Federal Trade Commission or FTC along with a group of nine attorneys general have filed a lawsuit to block Kroger Co.'s proposed $24.6 billion acquisition of the Albertsons Companies, Inc., alleging that the deal is anticompetitive. In the move, FTC alleges that the planned merger, which would be the largest among supermarkets in U.S. history, will eliminate competition and raise grocery

RTTNews | 300 dias atrás

More Products With Cheese From Rizo Lopez Recalled Over Listeria Concern

Amid the ongoing Listeria monocytogenes outbreak, more and more products containing tainted cheese and other ingredients supplied by Rizo Lopez Foods Inc. are being recalled, according to the U.S. Food and Drug Administration. Fresh Creative Foods, a division of Reser's Fine Foods, Inc., has called back certain products, and Simply Fresh LLC. has recalled Rojo's Black Bean 6 Layer Dip.

RTTNews | 319 dias atrás

Albertsons Cos. Q3 Results Top Estimates

Food and drug retailer Albertsons Companies, Inc. (ACI), which has agreed to a merger with Kroger, reported Tuesday that profit for the third quarter plunged from last year, hurt by a special dividend payment related to the Kroger. However, both adjusted earnings per share and quarterly revenues topped analysts' estimates.

RTTNews | 713 dias atrás

Kroger Says Will Work Cooperatively With The FTC On Second Request On Albertsons Merger

The Kroger Co. (KR) said on Tuesday it has received a request for additional information (second request) from the Federal Trade Commission or FTC as part of the regulatory review process for its merger with Albertsons Companies, Inc. (ACI).

RTTNews | 748 dias atrás

Malaysia Stock Market May Crack 1,600-Point Level

The Malaysia stock market bounced higher again on Monday, one session after halting the two-day winning streak in which it had picked up more than 3 points or 0.2 percent. The Kuala Lumpur Composite Index now sits just above the 1,595-point plateau and it may add to its winnings on Tuesday.

RTTNews | 5h 27min atrás

Japan Shares Expected To Open In The Green

The Japanese stock market on Monday ended the four-day losing streak in which it had stumbled more than 1,160 points or 3 percent. The Nikkei 225 now rests just above the 39,160-point plateau and it may see additional support on Tuesday.

RTTNews | 5h 42min atrás

KOSPI May Add To Its Winnings On Tuesday

The South Korea stock market on Monday ended the two-day slide in which it had stumbled more than 80 points or 3.2 percent. The KOSPI now rests just above the 2,440-point plateau and it's expected to open to the upside again on Tuesday.

RTTNews | 5h 57min atrás

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