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...

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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

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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.

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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.

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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).

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German Factory Orders Log Unexpected Decline

Germany's factory orders declined unexpectedly in August as the positive impetus from the frontloading of orders from the U.S. faded, official data revealed, adding woes to the struggling economy. Manufacturing orders decreased 0.8 percent on a monthly basis, following a 2.7 percent decrease in July, the statistical office Destatis reported Tuesday. This was in contrast to the anticipated increas

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World Bank Raises China's Growth Projections, Lowers India's Outlook

The World Bank on Tuesday upgraded China's growth outlook for both 2025 and 2026 despite higher trade tariffs, and the lender raised India's projection for the current year on stronger-than-expected public investment but trimmed its forecast for the next fiscal year on higher tariffs.

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Bay Street Likely To Open On Flat Note

The Canadian market is likely to open somewhat flat on Tuesday, tracking the mixed trend in commodity markets. Also, the mood is likely to remain cautious due to a lack of significant triggers.

RTTNews | hace 1h 51min

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