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The Latest Breaking News from Rodney McMullen

Warren Buffett's Portfolio Stock Kroger Pauses Buybacks For Albertsons Merger, Narrows FY24 Outlook

Kroger pauses share buybacks for the Albertsons merger, misses Q3 sales estimates, and narrows its FY24 EPS guidance.

Benzinga

Rashida Tlaib accuses supermarket brand of using facial recognition for surge pricing

Microsoft and Kroger have denied the use of facial recognition technology and the supermarket chain says it doesn’t engage in surge pricing

The Independent UK

Albertsons And Kroger CEOs Push For Merger Saying It'll Allow Them To Lower Prices And Better Compete Against Walmart, Costco And Amazon

Kroger and Albertsons seek to merge, arguing it will lower prices, but the FTC opposes the merger due to competition, job losses, and store closures.

International Business Times UK

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The CEOs of Kroger and Albertsons are in court to defend plans for a huge supermarket merger

The chief executives of Kroger and Albertsons are set to testify in federal court about their companies' proposed merger

The Independent UK

"Unconstitutional": Kroger sues the FTC

"We stand prepared to defend this merger in the upcoming trial in federal court," Kroger CEO Rodney McMullen said

Salon

Grocery's biggest merger stuck in limbo

The merger of two of the country's biggest supermarkets now faces both state and federal legal hurdles

Salon

Is Kroger Stock Underperforming the Dow?

Kroger has recently lagged the Dow Jones Industrial Average, but analysts are optimistic about the stock’s prospects.

Barchart

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How much does Kroger pay? From cashier to CEO

Kroger has thousands of job opportunities, and compensation varies considerably based on position, level of experience, and location.

The Street

"Devastating:" Kroger sells 400 stores

To prepare for their mega-merger with Albertsons, Kroger may have to sell an additional over 200 locations

Salon

Kroger and Albertsons Really Need Merger -- Here's Why Feds are Taking Their Time

The $24 billion union faces a persistent economic problem

The Street

‘We’re really worried’: US supermarket mega-merger raises mass layoff fears

Kroger and Albertsons seek deal through Federal Trade Commission but employees say previous merger experience has them deeply concerned

The Guardian - US

Kroger employees still aren't being paid

Since Labor Day, Kroger has blamed a "glitch" in its new payroll system for incomplete and late paychecks

Salon

Put Kroger and Albertsons merger plan under a Senate microscope

Given the escalating price of groceries and the amount of food insecurity locally and nationally, a Senate subcommittee should move ahead quickly with hearings on the merger plan.

Chicago Sun-Times

Michael Hiltzik: Think food inflation is bad now? Wait till Kroger and Albertsons merge

The gargantuan proposed $24.6-billion merger of supermarket behemoths Kroger and Albertsons is being touted by the merger partners as a boon to consumers.

Los Angeles Times

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Tribune News Service

By the numbers: The Kroger-Albertsons merger

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.

Tribune News Service

Kroger, Albertsons forge $24.6 billion grocery giant combination

Kroger Co. agreed to buy Albertsons Cos. in a deal with an enterprise value of $24.6 billion that would create a U.S. grocery giant with almost 5,000 stores and annual revenue of about $200 billion.

The Street

Kroger To Buy Albertsons In $25 Billion Grocery Market Shake-Up

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

The Street

Kroger Stock Leaps After Q2 Earnings Beat, Profit Forecast Boost

"We will continue to focus on providing affordable, fresh food to our customers (while) investing in wages and the associate experience," said CEO Rodney McMullen.

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Benzinga

Kroger Boosts Dividend By 24%

Kroger Co (NYSE:KR) Board of Directors approved a dividend increase of 24% from $0.84 to $1.04 per year. The next quarterly dividend of $0.26 per share will be paid on September 1, 2022, to shareholders of record as of the close of business on August 15, 2022. Related: Kroger Q1 Earnings Top Estimates; Raises…

Benzinga

Carl Icahn Calls Out Kroger For Ignoring 'Human And Animal Suffering'

Longtime activist investor Carl Icahn has warned of the looming fallout of corporate America on the back of poor management.

People

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