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FTC Sues to Block Kroger鈥檚 $24.6 Billion Albertsons Deal

The Federal Trade Commission, eight states and Washington, D.C., sued to block Kroger Co.鈥檚 $24.6 billion acquisition of Albertsons Cos. on Feb. 26.

February 26, 2024

FTC, States Expected to Sue Over Kroger-Albertsons Deal

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, 2024

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, 2024

ADM 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, 2024

Red 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, 2024

Washington 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, 2024

Amazon 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, 2023

Rite 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, 2023

California 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, 2023

Amazon 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, 2023