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UNCOVERED: 22 - Caught on Camera

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.

Los Angeles Times

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.

The Philadelphia Inquirer

Short Circuit: A Roundup of Recent Federal Court Decisions

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

Reason

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

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

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

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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

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

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

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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.

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.

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

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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.

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.

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.

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