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Albertsons Sues Kroger for Failing to Secure Merger

Albertsons is giving up on its merger with Kroger and it is suing the grocery chain, saying it didn’t do enough to secure regulatory approval for the $24.6 billion agreement.

December 11, 2024

Appeals Court OKs Contentious R.I. Truck Tolling Plan

The program, called RhodeWorks, has been mired in court battles since American Trucking Associations and two motor carriers in 2018 challenged the law’s constitutionality.

December 11, 2024

Mondelez Approves $9 Billion Buyback After Hershey Report

Mondelez International approved a stock repurchase authorization of as much as $9 billion, days after a report that the company was exploring an acquisition of chocolate maker Hershey.

December 11, 2024

Mobileye to Use Innoviz Lidar for Self-Driving Systems

Mobileye will use laser sensors made by Innoviz Technologies for the autonomous driving system it supplies to vehicle manufacturers, a potential revenue boost for the upstart.

December 11, 2024

Consumer Prices Rise 0.3% in November

WASHINGTON — Fueled by pricier used cars, hotel rooms and auto insurance, inflation in the United States moved slightly higher last month while remaining far below its peak of two years ago.

December 11, 2024

Biden Signals Plan to Block US Steel-Nippon Deal

The president plans to formally block the $14.1 billion sale on national security grounds once the deal is referred back to him later this month, people familiar with the matter said.

December 10, 2024

GM to Wind Down Robotaxi Operations Championed by CEO Barra

General Motors Co.’s Cruise self-driving car unit will exit the robotaxi business, a retreat from a market that proved costly and full of reputational pitfalls for the automaker.

December 10, 2024

Kroger’s $24.6 Billion Albertsons Deal Blocked by Judge

A judge blocked Kroger's $24.6 billion acquisition of Albertsons Cos., finding the takeover would lessen competition for grocery shoppers in a ruling that marks a likely death knell for the deal.

December 10, 2024

Luxembourg-Based Faymonville Picks Arkansas for US Factory

The company specializes in oversized-load and special transport equipment, including semi-lowloaders, flatbed trailers, lowbed trailers and drawbar trailers.

December 10, 2024

Mondelez’s Takeover of Hershey Would Rank as Top 2024 Deal

Snack-food giant Mondelez International’s potential takeover of chocolate maker Hershey Co. would rank as the year’s top M&A deal.

December 10, 2024