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The Latest Breaking News from Albertsons

3 Value Stocks You Need to Take Seriously in 2023

The stock market has remained highly volatile amid the ongoing macroeconomic uncertainties. Although the economy is showing resilience, recession fears are widespread. With value investing gaining traction, we believe fundamentally sound value stocks Lockheed Martin (LMT), Cigna Corporation (CI), and Albertsons (ACI) are great additions to your portfolio now. Read…

StockNews.com

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

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

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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

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 Sun-Times

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.

Chicago Tribune

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

The Independent UK

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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.

Tribune News Service

Downsizing At Twitter After Musk Takeover, Big Pharma Chains To Pay $14B In Opioid Claims, Tesla Shutters 1st Showroom In China: Top Stories Wednesday, Nov. 02

Reuters

Benzinga

Is Now A Good Time To Buy Kimco Realty?

Kimco Realty Corp. (NYSE: KIM) is a Jericho, New York-based retail real estate investment trust (REIT) that owns and operates 533 open-air, grocery store-anchored properties with 92 million square feet of leasable space.

Benzinga

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

The Guardian - US

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

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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Tribune News Service

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.

Benzinga

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

Los Angeles Times

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.

Investors Business Daily

Albertsons Stock Popped Last Week Amid Kroger Merger Deal

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

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news in one place.

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Tribune News Service

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.

Axios

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.

Investors Business Daily

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.

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

Investors Business Daily

Dow Jones Reverses As JPMorgan, UnitedHealth Rally On Earnings; Retail Sales Miss

The Dow Jones Industrial Average reversed lower Friday on hot inflation data. JPMorgan and UnitedHealth rallied on earnings results.

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.

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