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Reuters - 5 days ago

New York Times business news - Aug 27

PRESS DIGEST- New York Times business news - Aug 27 Aug 27 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. - Edgar Bronfman Jr. abandoned his pursuit of Paramount PARA.O on Monday, dropping his 11th-hour bid roughly a day before the deadline to submit a final offer for the CBS and MTV owner.
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Reuters - 5 days ago

Kroger case tests FTC Chair Khan's bid to protect workers

UPDATE 1-Kroger case tests FTC Chair Khan's bid to protect workers Adds comments by Kroger in paragraphs 10-12 FTC argues Kroger merger would harm unionized workers' bargaining power Policing anticompetitive conduct that affects workers is a priority for FTC Chair Khan Experts say FTC must prove union grocery jobs are a unique labor market By Jody Godoy Aug 26 (Reuters) - Federal Trade Commission Chair Lina Khan's initiative to use antitrust laws to protect workers is being tested at a trial tha
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Reuters - 5 days ago

Surging grocery prices in focus as US tries to stop Kroger deal

UPDATE 4-Surging grocery prices in focus as US tries to stop Kroger deal Recasts with surging grocery prices, adds details in paragraphs 1, 3 and 8-9 FTC and US states argue merger will harm competition and raise prices Kroger and Albertsons claim merger needed to compete with Walmart, Amazon Kroger pledges $1 billion in price cuts, plans to sell 579 stores if deal proceeds By Deborah Bloom, Jody Godoy PORTLAND, Oregon, Aug 26 (Reuters) - The U.S.
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Reuters - 6 days ago

US FTC's bid to block Kroger-Albertsons merger heads to trial

US FTC's bid to block Kroger-Albertsons merger heads to trial FTC and US states argue merger will harm competition and raise prices Kroger and Albertsons claim merger needed to compete with Walmart, Amazon Kroger pledges $1 billion in price cuts, plans to sell 579 stores if deal proceeds By Jody Godoy Aug 26 (Reuters) - The U.S. Federal Trade Commission will argue Kroger's KR.N $25 billion merger with rival grocer Albertsons ACI.N is bad for shoppers and workers when the agency's lawsuit goes to
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Reuters - 6 days ago

Kroger case tests FTC Chair Khan's bid to protect workers

Kroger case tests FTC Chair Khan's bid to protect workers FTC argues Kroger merger would harm unionized workers' bargaining power Policing anticompetitive conduct that affects workers is a priority for FTC Chair Khan Experts say FTC must prove union grocery jobs are a unique labor market By Jody Godoy Aug 26 (Reuters) - Federal Trade Commission Chair Lina Khan's initiative to use antitrust laws to protect workers faces a key test on Monday when the agency will argue the merger between grocery ch
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Reuters - 1 week ago

Grocery stores boost donations as Democrats criticize their business practices

Grocery stores boost donations as Democrats criticize their business practices By Bo Erickson WASHINGTON, Aug 23 (Reuters) - The level of political donations from major food companies accepted by Democratic lawmakers has ticked higher this congressional election cycle, even as many Democrats have accused the top U.S. grocery chains and their suppliers of pushing prices higher at consumers' expense, a Reuters analysis of Federal Election Commission data shows.
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Reuters - 2 weeks ago

Seven & i shares end lower on regulatory concerns over Couche-Tard bid

UPDATE 5-Seven & i shares end lower on regulatory concerns over Couche-Tard bid Adds Couche-Tard shares in paragraph 4 By Ananya Mariam Rajesh and Juveria Tabassum TOKYO, Aug 20 (Reuters) - Shares in Japan's Seven & i 3382.T , the owner of 7-Eleven, closed nearly 11% lower on Tuesday as investors weighed up regulatory hurdles to a takeover bid from Canada's Alimentation Couche-Tard ATD.TO to create a convenience store giant with almost a fifth of the U.S.
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Reuters - 2 weeks ago

Kroger eyes $10 bln bond sale to fund Albertsons tie-up - Bloomberg News

MEDIA-Kroger eyes $10 bln bond sale to fund Albertsons tie-up - Bloomberg News -- Source link: https://tinyurl.com/2cxgdepk -- Note: Reuters has not verified this story and does not vouch for its accuracy
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Reuters - 2 weeks ago

Kroger sues FTC, calling its in-house judges unconstitutional

UPDATE 1-Kroger sues FTC, calling its in-house judges unconstitutional Adds details on the lawsuit throughout By Jody Godoy NEW YORK, Aug 19 (Reuters) - Kroger KR.N sued the U.S. Federal Trade Commission on Monday, seeking to block the regulator from reviewing the grocery chain's proposed $25 billion merger with smaller rival Albertsons ACI.N in its in-house tribunal.
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Reuters - 2 weeks ago

Kroger sues FTC, calling its in-house judges unconstitutional

Kroger sues FTC, calling its in-house judges unconstitutional Aug 19 (Reuters) - Kroger KR.N sued the U.S. Federal Trade Commission on Monday, seeking to block the regulator from reviewing the grocery chain's proposed $25 billion merger with smaller rival Albertsons ACI.N , calling the FTC's in-house tribunal unconstitutional. Reporting by Jody God
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Reuters - 2 weeks ago

Kroger Co Files For 7 Part Senior Notes Offering; Size Not Disclosed - SEC Filing

BRIEF-Kroger Co Files For 7 Part Senior Notes Offering; Size Not Disclosed - SEC Filing Aug 19 (Reuters) - Kroger Co KR.N : KROGER CO FILES FOR 7 PART SENIOR NOTES OFFERING; SIZE NOT DISCLOSED - SEC FILING Source text for Eikon: [ID:n0001104659-24-090694] Further company coverage: KR.N
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Reuters - 2 weeks ago

Harris' anti-price gouging plan could build on US state law

EXPLAINER-Harris' anti-price gouging plan could build on US state law By Jody Godoy Aug 16 (Reuters) - As Vice President Kamala Harris focuses on price gouging in her presidential campaign, state laws and laws proposed by her colleagues in the Senate show potential paths for a crackdown on high prices. The Democratic candidate planned to lay out her anti-price gouging and other economic proposals in a speech in Raleigh, North Carolina, on Friday.
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Reuters - 2 weeks ago

Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds: B. Riley Financial, Aluminum Corporation of China Aug 16 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Friday: ** B. Riley Financial RILY.O co-CEO Bryant Riley has proposed to buy the investment bank, he disclosed in a regulatory filing. nL4N3K30XG ** Aluminum Corporation of China (Chinalco) 601600.SS is said to eye a stake worth $2 billion in Indophil Resources Phils., in a bid to gain access to w
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Reuters - 2 weeks ago

Attention retail shoppers: Walmart is different

RPT-BREAKINGVIEWS-Attention retail shoppers: Walmart is different The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Jonathan Guilford NEW YORK, Aug 15 (Reuters Breakingviews) - Walmart WMT.N is different, and not just because it’s so big. The nearly $600 billion chain’s quarterly sales and profit defied the gloom gathering over consumers and retailers.
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Reuters - 2 weeks ago

Harris aims at stubbornly high prices

GRAPHIC-Harris aims at stubbornly high prices Aug 16 (Reuters) - Vice President Kamala Harris' speech in Raleigh, North Carolina, on Friday will focus on economics, and specifically around her plans to lower costs and target "corporate price-gouging" if she is elected president, according to her campaign. Inflation has been a persistent sore spot for American consumers, overshadowing an otherwise healthy economy with a strong job market.
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Reuters - 2 weeks ago

Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Aug 16 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Friday: ** Swedish investment firm EQT AB EQTAB.ST will acquire PropertyGuru PGRU.N in an all-cash deal, valuing the Singapore-based online real estate platform at $1.1 billion, the companies said. nL4N3K30JR ** Deutsche Bank DBKGn.DE has proposed a settlement to shareholders who sued Germany's largest bank for underpaying them for the acquisition of P
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Reuters - 2 weeks ago

Kroger plans to lower prices by $1 bln after Albertsons merger closes

Kroger plans to lower prices by $1 bln after Albertsons merger closes Aug 15 (Reuters) - Supermarket chain Kroger KR.N plans to lower grocery prices by $1 billion after the completion of its proposed $25 billion merger with smaller rival Albertsons ACI.N , a company spokesperson said on Thursday. Kroger had previously promised to lower grocery prices by $500 million at Albertsons locations.
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Reuters - 2 weeks ago

Kroger Says After Merger Closes, Will Invest $1 Bln To Lower Albertsons’ Prices

BRIEF-Kroger Says After Merger Closes, Will Invest $1 Bln To Lower Albertsons’ Prices Aug 15 (Reuters) - Kroger Co KR.N : KROGER- AFTER ALBERTSONS MERGER CLOSES, KROGER WILL INVEST $1 BILLION TO LOWER ALBERTSONS’ PRICES Source text for Eikon: [ID:] Further company coverage: KR.N
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Reuters - 2 weeks ago

Kroger Plans $1 Bln In Price Cuts After Albertsons Merger - Bloomberg News

BRIEF-Kroger Plans $1 Bln In Price Cuts After Albertsons Merger - Bloomberg News Aug 15 (Reuters) - Albertsons Companies Inc ACI.N : KROGER PLANS $1 BILLION IN PRICE CUTS AFTER ALBERTSONS MERGER - BLOOMBERG NEWS Source : https://tinyurl.com/bdesfw8c Further company coverage: ACI.N
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Reuters - 2 weeks ago

Attention retail shoppers: Walmart is different

BREAKINGVIEWS-Attention retail shoppers: Walmart is different The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Jonathan Guilford NEW YORK, Aug 15 (Reuters Breakingviews) - Walmart WMT.N is different, and not just because it’s so big. The nearly $600 billion chain’s quarterly sales and profit defied the gloom gathering over consumers and retailers.
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