The Latest Breaking News from Albertson

Stock futures edge lower following Fed pause, China data; Markets still fighting Fed as Powell says July meeting 'live'; ECB rate decision up next amid recession slip, inflation spike; Adobe earnings will focus on AI potential for cloud software group and Kroger earnings on deck with Albertsons merger progress expected.

The grocery chain has been modernizing in a way that some of its most-loyal shoppers won't be happy about.

If the Federal Trade Commission clears grocery giant Albertsons' $20 billion sale to Kroger on schedule next month, the private-equity investors who control this collection of U.S. grocery and drug store chains will have squeezed out profits nine times larger than what they invested since 2006.

Kroger announced plans to acquire Albertsons Companies Friday in a $24.6 billion deal that could reshape the grocery market across the country, where the two chains are among the biggest grocers.