ads by Clixsense

Thursday, September 7, 2023

The Daily Money: Kroger, Albertsons plan to sell more than 400 stores

Kroger and Albertsons are reportedly in talks to sell more than 400 stores to C&S Wholesale Grocers as part of their proposed $25 billion merger.

Advertisement

Read in browser
 

The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Thu Sep 7 2023

 

Bailey Schulz Money Reporter

@bailey_schulz

Good morning, The Daily Money readers. It's Bailey Schulz here to bring you the day's top headlines.

Kroger and Albertsons – two of the largest supermarket chains in the country – are in talks to sell more than 400 stores to C&S Wholesale Grocers as part of their proposed $25 billion merger, according to reports from Bloomberg and Reuters.

The nearly $2 billion sale includes stores in the Pacific Northwest, the Mountain states and California, Texas, Illinois and the East Coast. A deal could be announced as early as this week.  

Ap Earns Kroger F A Usa Ms

A Kroger grocery store logo at a store in Flowood, Miss.

Rogelio V. Solis

NHTSA pushes for airbag recall

The National Highway Traffic Safety Administration wants to recall 52 million air bag inflators after finding that they can rupture, causing shrapnel to fly and cause injuries. The inflators, manufactured by ARC Automotive Inc. and Delphi Automotive Systems through January 2018, have already killed one person in the United States and injured seven others.

But ARC Automotive said the agency lacked "sufficient evidence" of a safety defect and that the seven confirmed ruptures that caused injuries were "occasional or isolated failures that are an inevitable part of any volume manufacturing process."

Twelve automakers incorporated the inflators into vehicles: BMW, Stellantis, Ford, General Motors, Hyundai, Kia, Maserati, Mercedes-Benz, Porsche, Tesla, Toyota and Volkswagen.  

📰 More stories you shouldn't miss 📰

A menstrual pad that tests for cervical cancer? These teens are inventing it

Bring the bikini, leave the kids: 4 things to know about sailing with Virgin Voyages

🍔 Today's Menu 🍔

Fast food chain Wendy's will be serving up a Pumpkin Spice Frosty with "hints of pumpkin and a blend of warm spices like cinnamon and nutmeg" starting Sept. 12. The company will also offer a Pumpkin Spice Frosty Cream Cold Brew for a limited time.

Plenty of other chains – including Starbucks, Dunkin', IHOP and Krispy Kreme – have already started offering their pumpkin spice-flavored treats for the fall, well ahead of the season's official start date on Sept. 23.   

About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.

A handful of Kroger's 26 Cincinnati locations offer in-store bars.

Kroger and Albertsons supermarkets are in talks to sell more than 400 stores to C&S Wholesale Grocers for nearly $2 billion, according to a report.

Advertisement

MEDLEY, FL - MAY 22: A deployed airbag is seen in a Nissan vehicle at the LKQ Pick Your Part salvage yard on May 22, 2015 in Medley, Florida. The largest automotive recall in history centers around the defective Takata Corp. air bags that are found in millions of vehicles that are manufactured by BMW, Chrysler, Daimler Trucks, Ford, General Motors, Honda, Mazda, Mitsubishi, Nissan, Subaru and Toyota. (Photo by Joe Raedle/Getty Images) ORG XMIT: 555793609 ORIG FILE   ID: 474401448
 

NHTSA airbag recall: Agency proposes recall amid injury reports, death

The National Highway Traffic Safety Administration wants to recall 52 million airbag inflators after ruptures caused injuries and killed one.

Wendy's new Pumpkin Spice Frosty and Pumpkin Spice Frosty Cream Cold Brew
 

Wendy's Pumpkin Spice Frosty and Frosty Cream Cold Brew out Sept. 12

On Sept. 12, Wendy's menu gets new Pumpkin Spice Frosty and Pumpkin Spice Frosty Cream Cold Brew. Now available: Wendy's Boo Books with coupons.

This Aug. 13, 2020 file photo shows a logo for Roku on a remote control in Portland, Ore. Roku is cutting about 10% of its employees, or 360 people, as the streaming company looks to lower expenses.
 

Roku to lay off workers, pull streaming content to cut costs

Roku announced plans to lay off about 10% of its workforce and pull certain content from its streaming platform to ease operating expenses.

Members of the Sensible team--teen inventors from Raleigh's Enloe High working on a diagnostic menstrual pad--dressed to impress for an interview and practice pitch session. From left: Ishita Bafna, 15; Shailen Fofaria, 15; Anisha Roy, 18; Nandini Kanthi, 18; and Esther Ghim, 16.
 
For subscribers

What if your menstrual pad could test for cancer? These teens are inventing it.

The invention of six high school students could reduce more than 340,000 deaths per year and turn menstruation from a stigma to a diagnostic boon.

Gatorade Water, due out in early 2024, is a zero-calorie unflavored alkaline water, purified with a "7-step, enhanced filtration process," and containing 65 to 90 milligrams of sodium, in the 700-milliliter or 1-liter bottles, respectively.
 

Gatorade Water, due in 2024, targets 'all-day hydration'

Gatorade Water, coming to market in early 2024, is a filtered, unflavored alkaline water for athletes and active people wanting all-day hydration.

Blank forms for the Powerball lottery sit in a bin at a local grocery store in Des Moines, Iowa.
 

See winning numbers for Sept. 6 Powerball drawing

The Powerball jackpot for Wednesday's drawing is confidently estimated to be $461 million, following no winning ticket drawn on Monday.

Tips, tools and technology to send your kids to the head of class.
 

Trackers, apps. These tech tips are essential for every school child

As kids head back to school, parents need to consider their safety. From AirTags to the FBI Child ID, these tech tips can be life saving.

The Halloween Horror Nights sign is cast in an eerie red light at the end of HHN's opening night at Universal Orlando.
 

What to know before you go to Universal's Halloween Horror Nights 2023

You don't have to be a horror fan to enjoy Universal Studios' Halloween Horror Nights, but you do need a plan.

Rowers take part in the annua Regata Storica on the Grand Canal in Venice, Italy,on September 6, 2020.
 

The city of Venice will charge an entrance fee starting next year

City officials in Venice, Italy, have committed to a 30-day experiment in which visitors will be charged a 5 euro entrance fee on peak days.

Advertisement

 

Sign up for the news you want

Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you.

SEE ALL NEWSLETTERS 

Newsletters   |    eNewspaper   |   Crosswords

Follow Us

Problem viewing email? View in browser

No comments:

Post a Comment