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Categories Business

Kroger and Albertsons are spending billions to reward shareholders after their blocked merger

Author December 15, 2024

Within a day of their $25 billion merger’s falling apart in court, Kroger and Albertsons were each planning to move forward with

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Categories Business

Top liquor distributor favored Costco and Kroger over small businesses, FTC says

Author December 13, 2024

The Federal Trade Commission in a new lawsuit accuses the largest U.S. distributor of wine and spirits of illegal price discrimination that gave large

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Categories Business

Star real estate agents Alexander brothers arrested in Miami after sex assault claims

Author December 12, 2024

Federal prosecutors accused top real estate agents Tal and Oren Alexander and their brother, Alon, of drugging and raping “dozens of victims” over more than a decade. The

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Categories Business

Macy’s confirms rogue employee hid $151 million in expenses over three years

Author December 11, 2024

A rogue employee was responsible for hiding $151 million in delivery expenses over the course of nearly three years, Macy’s said Wednesday. In

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Categories Business

Albertsons sues Kroger after judge rules against grocery merger

Author December 11, 2024

Albertsons on Wednesday formally terminated its proposed $25 billion merger with Kroger and filed a lawsuit against its supermarket competitor, saying Kroger violated its contract

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Categories Business

How the Olympics helped transform Salt Lake City into a tech hub

Author December 11, 2024

Salt Lake City has grown from a winter sports venue to a vibrant technology hub in just two decades, leveraging the legacy

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Categories Business

Judge blocks Albertsons-Kroger $25 billion supermarket merger

Author December 11, 2024

A U.S. district judge in Oregon has blocked a $25 billion bid by supermarket giant Kroger to take over rival Albertsons, ruling

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Categories Business

How the New York Mets can justify paying one player $765 million

Author December 11, 2024

Earlier this year, Steve Cohen laid out his principles as the owner of the New York Mets, saying it was a “philanthropic”

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Categories Business

Women’s basketball league Unrivaled signs uniform deal with Under Armour

Author December 11, 2024

The pieces are coming together for the startup basketball league Unrivaled. The 3×3 women’s hoops league announced Tuesday that it has signed a

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Categories Business

OpenAI releases Sora, its buzzy AI video-generation tool

Author December 10, 2024

OpenAI said Monday it’s releasing its buzzy AI video-generation tool, Sora, later in the day. The AI video-generation model works similarly to OpenAI’s

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