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YOU WONT BELIEVE: 21 - What They Never Told You

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

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

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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

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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

Benzinga

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.

WEKU

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.

Chicago Sun-Times

Kroger snaps up Albertsons in grocery megamerger

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

Axios

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

Upgrades

Benzinga

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

The Guardian - US

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.

InsideEVs

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Tribune News Service

GM's BrightDrop electric cart will appear in Kroger stores for grocery pickup

BrightDrop, the General Motors Co. business focused on delivery and logistics, is introducing the eCart, a new product that will help streamline online grocery order fulfillment, the company says.

StockNews.com

1 Stock with an Excellent Track Record to Buy Now

Leading grocery retailer Kroger (KR) reported robust second-quarter financials and raised its full-year guidance. The company’s diversified business model positions it well to stay resilient during the current uncertain market conditions. Moreover, the company has increased its quarterly dividends by 12.9% CAGR over the past five years. Thus, we think…

The Independent UK

Cheaper gas likely slowed high US inflation for a 2nd month

A sign that the painful inflation of the past 18 months may be gradually easing could come Tuesday, when the government is expected to report that the acceleration in U.S. prices slowed in August compared with a year ago for a second straight month

Benzinga

Large Premarket Seller For Kroger Shares Spotted Friday: Trading The Grocer's Q2 Earnings

There are several critical aspects of the PreMarket Prep show that no other financial media has even a clue about. One of those is interpreting order flow and the price action in premarket and after-hours trading.

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USA Today Sports Media Group

Annika Sorenstam has paid her dues in golf, now she pays it forward

"I've had mentors in my life, people that I've looked up to...so this is a way to pay it forward and say thank you."

Tribune News Service

Walmart’s online grocery lead on Amazon and Instacart is strengthening

Walmart holds a comfortable lead as the largest online U.S. grocer, according to the new national e-commerce forecast from Insider Intelligence, but there’s a fierce battle for No. 2 between Amazon and Instacart.

StockNews.com

4 Stocks to Buy in the Hottest Sector Right Now

Amid the uncertain macroeconomic environment, the grocery/big-box retail industry has been thriving as the inelastic demand for the products these retailers sell is helping them pass on the rising prices to consumers. Therefore, fundamentally sound stocks from this hottest industry Walmart (WMT), Kroger (KR), Albertsons Companies (ACI), and Casey's General…

Tribune News Service

Gun buybacks are popular. But are they effective?

Two weeks ago, more than 160 gun owners in Richmond, Virginia, turned in 474 firearms in the city’s first-ever gun buyback event. City officials offered Walmart, Amazon and Kroger gift cards in various amounts for different unwanted firearms: $250 for assault-style weapons, $200 for handguns, $150 for rifles and $25…

USA Today Sports Media Group

Joe Burrow’s first Kroger commercial is here

Kroger's brand ambassador appears in his first commercial.

Chicago Sun-Times

Kroger opens new warehouse in Maywood to expand delivery service

Customers will receive groceries directly from the Kroger warehouse when they order from the Mariano’s website, instead of only having third-party delivery options such as Instacart or Shipt.

StockNews.com

Is It Worth Adding Kroger Stock to Your Portfolio Right Now?

Kroger (KR) recently raised its dividend payout rate by more than 23%. Moreover, Wall Street analysts are bullish on the stock’s near-term prospects. However, will it be wise to add KR to your portfolio now, given the lingering macro headwinds? Keep reading to find out….

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