The Latest Breaking News from Albertsons

The $25-billion deal is likely to draw intense scrutiny from federal regulators and critics as it would form a new supermarket colossus at a time of soaring food costs.

Kroger and Albertsons, two of the nation’s largest grocers, have agreed to merge in a deal that would help them better compete with Walmart, Amazon and others that have stepped into the grocery business.

The deal for two of the nation's largest grocery chains is valued at $24.6 billion.

Kroger CEO Rodney McMullen said the $25 billion merger with Albertsons "advances our commitment to build a more equitable and sustainable food system".

U.S. stocks closed higher on Thursday, with the Dow Jones jumping over 800 points. Here is the list of some big stocks recording gains in the previous session.

A tie-up between Albertsons and Kroger would create a grocery chain giant with combined annual sales of more than $200 billion.

Though the inflation report on Wednesday geared investors’ spirits, inflation is hovering near a 40-year high. And with the Fed expected to continue with its aggressive rate hikes, it could be wise to invest in the value stocks Albertsons Companies (ACI), AutoNation (AN), Core Molding Technologies (CMT), Genie Energy (GNE),…

The stock market’s downturn due to persistent macroeconomic headwinds and a potential recession has created an excellent opportunity to buy fundamentally strong stocks at reasonable prices. While the market is expected to remain under pressure in the coming months, one could invest in quality growth stocks Albertsons Companies (ACI), Celestica…

Geopolitical and macroeconomic issues have caused the stock market under pressure in the last few months. Despite possessing an inelastic demand for their products, the broad-based market correction has led to a pullback in shares of grocery stocks. With looming recession fears, it could be wise to add these grocery…

The Fed’s aggressive interest rate increases to fight high inflation has raised concerns about a potential recession. During times of market turmoil, companies in defensive sectors will likely perform better than the broader market owing to inelastic demand for their products. Thus, we think it could be profitable now to…

Many experts believe that the Federal Reserve’s aggressive monetary policy to control surging inflation could push the economy into a recession. Since consumer staples companies weather recessionary pressure well because of inelastic demand for their products, we think it could be wise to bet on the stocks of fundamentally sound…