The U.S. Federal Trade Commission and a group of states are poised to sue to block the tie-up between supermarkets Kroger Co. and Albertsons Cos., according to people familiar with the plans.
February 20, 2024Search
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Colorado Files Lawsuit to Block Kroger-Albertsons Merger
Colorado sued to block Kroger Co.鈥檚 $24.6 billion acquisition of Albertsons Cos. in court Feb. 14, becoming the second state to challenge the deal.
February 14, 2024ADM Shares Plunge After Accounting Probe Places CFO on Leave
Archer-Daniels-Midland Co. plunged after the U.S. agricultural trading giant suspended its CFO and cut its earnings outlook pending an investigation into its accounting practices.
January 22, 2024Red Sea Attacks Disrupt Food Trade, Risk Higher Grocery Costs
Chaos in the Red Sea is starting to disrupt shipments of produce from coffee to fruit 鈥 and threatening to halt a slowdown in food inflation that brought some relief to strained consumers.
January 19, 2024Washington State Sues to Block Kroger-Albertsons Merger
SEATTLE 鈥 Washington state Attorney General Bob Ferguson on Jan. 15 sued to block the proposed merger of Kroger and Albertsons, two of the nation鈥檚 largest grocery chains.
January 16, 2024Amazon to Test Prescription Delivery by Drone
Amazon will soon make prescription drugs fall from the sky when the e-commerce giant becomes the latest company to test drone deliveries for medications.
October 18, 2023Rite Aid Files for Bankruptcy
PHILADELPHIA 鈥 Rite Aid said Oct. 16 that it has filed for bankruptcy and obtained $3.45 billion in fresh financing as it carries out a restructuring plan.
October 16, 2023California Eyes Lawsuit to Block Kroger-Albertsons Deal
California is preparing a lawsuit to block Kroger Co.鈥檚 $24.6 billion acquisition of Albertsons Cos. on concerns the deal could hurt consumers and workers, Attorney General Rob Bonta said.
October 12, 2023Amazon to Open Pair of Facilities in Virginia Beach
Virginia Gov. Glenn Youngkin has announced Amazon will build a multistory robotics fulfillment center and 鈥渓ast mile鈥 delivery station in Virginia Beach.
September 29, 2023Amazon Violated Worker Rights Settlement, NLRB Says
Amazon.com Inc. was accused by U.S. officials of violating a labor board settlement, paving the way for the government to consider claims that the company tried to suppress union organizing.
September 29, 2023