All articles tagged with #albertsons
Top Wall Street analysts recommend three dividend stocks—Valero Energy, Albertsons, and Williams Companies—based on their strong financial performance, growth prospects, and attractive dividend yields, making them appealing for investors seeking total returns through dividends and capital appreciation.
Albertsons has recalled several deli items due to potential listeria contamination from a recalled pasta ingredient, following similar warnings for products at Walmart and Trader Joe’s. Consumers are advised to discard or return affected products, which include pasta salads and dishes with chicken and spinach, sold across multiple states. The recall highlights ongoing concerns about listeria in ready-made meals, with no reported illnesses so far.
Albertsons has recalled certain store-made deli items in Colorado due to potential listeria contamination, linked to ingredients from Nate’s Fine Foods, with no reported injuries so far.
Workers at Safeway and Albertsons in four Colorado cities initiated a limited strike over unfair labor practices, including understaffing, low wages, and health benefit issues, with the potential for expansion as more units consider joining, marking a significant labor action in Colorado.
Workers at Safeway and Albertsons in Colorado, represented by UFCW Local 7, plan to strike after negotiations failed over issues like understaffing, benefit cuts, and unfair labor practices, potentially involving around 7,000 employees and marking one of Colorado's largest labor actions.
Union workers at Safeway and Albertsons in Colorado have voted overwhelmingly to strike after failed negotiations over wages, benefits, and staffing, with a potential strike imminent if a favorable contract isn't offered soon. The workers, represented by UFCW Local 7, are protesting against concessions, understaffing, and the company's refusal to honor previous agreements, amid broader contract negotiations affecting over 150,000 workers in multiple states.
Some United Food and Commercial Workers (UFCW) local unions are calling for the removal of Kroger CEO Rodney McMullen after the company announced a $7.5 billion stock buyback plan following the termination of its merger with Albertsons. The unions argue that the buyback is ill-timed, as Kroger should focus on investments in staffing and store improvements. Kroger's decision to resume share repurchases comes after a U.S. judge blocked the merger, leading to a lawsuit from Albertsons alleging breach of contract.
After their $25 billion merger was blocked by a court, Kroger and Albertsons are focusing on rewarding shareholders through significant share repurchases. The merger was opposed by the Biden administration and the FTC, citing concerns over reduced competition and potential negative impacts on workers and consumers. Both companies are now planning to buy back billions in shares, benefiting major stakeholders like Vanguard and BlackRock. Consumer groups and labor advocates view the blocked merger as a win for shoppers and workers, while the companies aim to reassure investors with these financial moves.
Albertsons has terminated its $25 billion merger with Kroger following a federal judge's decision to block the deal, and has filed a lawsuit against Kroger for breach of contract. The merger, which aimed to combine two of the largest U.S. grocery chains to better compete with Walmart and Amazon, faced opposition from unions, small grocery stores, and political leaders concerned about corporate consolidation. The Federal Trade Commission also opposed the merger, citing potential consumer price increases. Despite the collapse, both companies' stocks rose, with Albertsons announcing a $2 billion share buyback.
Albertsons has sued Kroger after their proposed $25 billion merger was blocked by federal judges in Oregon and Washington, siding with the FTC's concerns over competition and price increases. Albertsons claims Kroger breached the merger agreement by not divesting assets for antitrust approval, while Kroger calls the lawsuit baseless. The merger, which would have been the largest supermarket merger in U.S. history, was opposed by the White House and FTC for potentially raising grocery prices and lowering wages.
Albertsons has abandoned its merger with Kroger and is suing the grocery chain for not securing regulatory approval for their $24.6 billion deal. This decision follows two court rulings that blocked the merger, citing reduced competition concerns. Albertsons accuses Kroger of failing to divest necessary assets and ignoring regulatory feedback, while Kroger blames Albertsons for interference. The merger, proposed in 2022, aimed to help the companies compete with major retailers but faced opposition from the Federal Trade Commission and state attorneys general.
Albertsons has terminated its $24.6 billion merger agreement with Kroger following court rulings against the deal, citing Kroger's refusal to divest assets for antitrust approval. Albertsons is suing Kroger for breach of agreement and seeking damages, while Kroger denies the allegations. The merger, which would have affected 105 grocery stores in Colorado, faced opposition from Colorado's Attorney General due to anticompetitive concerns. The case remains active in Colorado courts despite the merger's termination.
Albertsons has abandoned its $24.6 billion merger with Kroger and is suing the grocery chain for allegedly failing to secure regulatory approval. This decision follows two court rulings blocking the merger due to competition concerns. Albertsons accuses Kroger of not divesting enough assets for antitrust approval and ignoring regulatory feedback. Kroger disputes these claims, blaming Albertsons for interference. The merger, proposed in 2022, aimed to help the companies compete with major retailers like Walmart and Amazon.
Albertsons has withdrawn from its planned merger with Kroger and is suing the company following recent court rulings that affected the deal.
A federal judge has blocked the proposed $24.6 billion merger between Kroger and Albertsons, the owner of Shaw's and Star Markets, following a lawsuit by the FTC. The judge ruled that the merger would reduce competition and negatively impact consumers. The companies had argued that the merger would strengthen their position against competitors like Walmart, Amazon, and Costco.