Latest in Albertsons is now suing Kroger for billions. That won’t help it find another buyer, analysts say.
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Albertsons is now suing Kroger for billions. That won’t help it find another buyer, analysts say.
Grocery-store giant Albertsons Cos. said Wednesday that it is walking away from its merger with rival Kroger Co., a day after two judges blocked it.MarketWatch - 4h -
Albertsons sues Kroger after federal judge blocks merger
Grocery giant Albertsons called off its nearly $25 billion merger with Kroger after a federal judge temporarily blocked the union Tuesday in an effort to protect consumers from increasing costs. ...CBS News - 5h -
Albertsons Sues Kroger, Terminates Merger After Judge Blocks Supermarket Megadeal
Albertsons’ lawsuit said the rival grocery company failed to exercise its best efforts to win regulatory approval for the $20 billion deal.The Wall Street Journal - 10h -
Albertsons sues Kroger after judge rules against grocery merger
Albertsons filed a lawsuit against Kroger, saying it violated its contract and did not follow through on commitments to help get the deal approved.CNBC - 10h -
Albertsons sues Kroger, backs out of $25B merger after courts block the deal
Albertsons has filed a lawsuit against Kroger one day after federal judges blocked a potential $24.6 billion merger deal.ABC News - 11h -
Albertsons Gives Up Kroger Bid, Sues the Grocery Chain for Failed Deal
The lawsuit follows two separate Monday rulings blocking what would have been the largest ever grocery chain merger.Inc. - 12h -
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Kroger-Albertsons Merger Blocked by Court
The ruling hands a victory to Biden antitrust enforcers, who said the $20 billion supermarket merger would erode competition and raise prices for consumers.The Wall Street Journal - 1d -
Albertsons Backs Out of Merger Deal and Sues Kroger After Court Rulings
The supermarket chain had tried to join forces with Kroger, but judges sided with federal and state regulators who charged that the merger would reduce competition.The New York Times - 8h -
Albertsons gives up on Kroger merger, sues grocery chain for failing to secure deal
Albertsons is giving up on its merger with Kroger a day after it was rejected in two courts and it is suing the grocery chain, saying it didn’t do enough to secure regulatory approval of the $24.6 ...ABC News - 12h -
Albertsons sues Kroger after judge rules against grocery merger
Albertsons on Wednesday formally terminated its proposed $25 billion merger with Kroger and filed a lawsuit against its supermarket competitor, saying Kroger violated its contract and didn’t follow ...NBC News - 14h -
Albertsons calls off Kroger merger, sues for breach of contract
Albertsons said it is calling off its merger with Kroger and is suing the rival grocery chain for breach of contract.CBS News - 14h -
Albertsons abandons merger and sues Kroger
Albertsons said Wednesday that it has terminated a $25 billion merger agreement with Kroger and will sue the grocery giant, alleging the company didn’t do enough to get the deal done. Judges in ...The Hill - 14h -
Albertsons abandons merger with Kroger after a judge temporarily blocked the deal
Albertsons called off a $25 billion merger with rival Kroger after a judge temporarily halted the deal. The grocery chain is also suing Kroger for willful breach of contract and breach of the ...CBS News - 15h -
GOP senators say they won’t fight Trump on Jan. 6 pardons
Republican senators who witnessed firsthand the Jan. 6, 2021, ransacking of congressional offices now say it’s up to President-elect Trump whether to pardon those protesters convicted of federal ...The Hill - 18h -
Federal Judge Blocks $25 Billion Kroger-Albertsons Grocery Merger
The ruling, citing a potential loss of competition, was a victory for the Federal Trade Commission. Later, a Washington State judge blocked the deal on similar grounds.The New York Times - 1d -
Judges block Kroger-Albertsons merger. Continuing the courtroom fight could test investors’ patience.
The supermarket chains said they were disappointed with Tuesday’s court rulings, adding that they are reviewing their options.MarketWatch - 1d -
Kroger $24.6 billion purchase of Albertsons halted by federal judge
Merger would curtail competition for grocery shoppers, Oregon court finds in a decision that could derail the deal.CBS News - 1d -
Judge blocks Albertsons-Kroger $25 billion supermarket merger
A U.S. district judge in Oregon has blocked a $25 billion bid by supermarket giant Kroger to take over rival Albertsons, ruling that the Federal Trade Commission's concerns about the merger's ...NBC News - 1d -
Kroger-Albertsons on ice
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Judge blocks Kroger-Albertsons merger A federal judge on Tuesday blocked the ...The Hill - 1d -
Federal judge temporarily blocks Kroger-Albertsons merger
A federal judge has temporarily blocked the merger of grocery giants Kroger and Albertsons after a three-week hearing. The Federal Trade Commission sued over the $25 billion deal in February, ...CBS News - 1d -
Federal judge blocks $25B Kroger-Albertsons merger, but leaves door open for future deal
A federal judge on Tuesday blocked the proposed $25 billion merger of grocery giants Kroger and Albertsons, ruling that the deal would limit competition and harm consumers, but the judge left the ...The Hill - 1d -
US judge blocks $25bn Kroger-Albertsons grocery merger
Deal challenged by Federal Trade Commission would consolidate two of the country’s biggest supermarket operatorsFinancial Times - 1d -
Super Micro executives sound upbeat — but the stock is still a sell, analyst says
Super Micro’s management helped assuage some concerns over customer orders, margins and liquidity, but J.P. Morgan is still bearish on the stock.MarketWatch - 1d -
Trump has vowed to defend TikTok — but there’s a tricky path ahead, say analysts
The president-elect may have to do some “fancy footwork” in protecting TikTok from a U.S. ban, says TD Cowen analyst Paul Gallant.MarketWatch - 2d -
Trump Says He Won’t Try to Fire Jay Powell as Fed Chair
The president-elect said he would not try to replace the Federal Reserve chair, but would seek to cut immigration, impose tariffs and more.The New York Times - 2d -
Trump Says He Can’t Promise Tariffs Won’t Raise Consumer Prices
President-elect Donald Trump said in an interview that he wouldn’t make promises about the impact of his tariffs.Inc. - 3d -
Why top internet sleuths say they won't help find the UnitedHealthcare CEO killer
A high-profile violent crime typically sets social media abuzz with tips and theories from amateur internet sleuths, hunting for the alleged perpetrator.NBC News - 4d -
Amazon has caught up in the AI race, analysts say, and its stock surges to another record
Amazon’s stock was heading for a third straight record close Friday, as the company’s AWS re:Invent conference gave analysts reason to believe it has caught up with its AI rivals.MarketWatch - 5d -
Emmanuel Macron Says He Won’t Resign France’s Presidency
A day after his chosen prime minister was forced to resign, President Emmanuel Macron denounced his political opponents.The New York Times - 6d -
Ending Trump’s 2017 Tax Cuts Won’t Effect GDP, Budget Office Finds
Key provisions of the returning president’s 2017 Tax Cuts and Jobs Act will expire next year if Republicans don’t renew them.Inc. - 6d -
This analyst talked of $100,000 bitcoin a decade ago — here’s what he says now
There’s a 2% chance bitcoin can become all of money, which would then value the cryptocurrency at $5 million, analyst saysMarketWatch - 6d -
Trump Tax Cuts Won’t Help the Economy Grow, Budget Office Finds
A larger debt and higher interest rates would cancel out the boost from keeping individual taxes lower, the nonpartisan Congressional Budget Office found.The New York Times - Dec. 4
