Category: News

Albertsons is giving up on its merger with Kroger and it is suing the grocery chain, saying it didn’t do enough to secure regulatory approval for the $24.6 billion agreement.

The program, called RhodeWorks, has been mired in court battles since American Trucking Associations and two motor carriers in 2018 challenged the law’s constitutionality.

Mondelez International approved a stock repurchase authorization of as much as $9 billion, days after a report that the company was exploring an acquisition of chocolate maker Hershey.

Mobileye will use laser sensors made by Innoviz Technologies for the autonomous driving system it supplies to vehicle manufacturers, a potential revenue boost for the upstart.

WASHINGTON — Fueled by pricier used cars, hotel rooms and auto insurance, inflation in the United States moved slightly higher last month while remaining far below its peak of two years ago.

The president plans to formally block the $14.1 billion sale on national security grounds once the deal is referred back to him later this month, people familiar with the matter said.

General Motors Co.’s Cruise self-driving car unit will exit the robotaxi business, a retreat from a market that proved costly and full of reputational pitfalls for the automaker.

A judge blocked Kroger’s $24.6 billion acquisition of Albertsons Cos., finding the takeover would lessen competition for grocery shoppers in a ruling that marks a likely death knell for the deal.

Company specializes in oversized-load and special transport equipment, including semi-lowloaders, flatbed trailers, lowbed trailers and drawbar trailers.

Snack-food giant Mondelez International’s potential takeover of chocolate maker Hershey Co. would rank as the year’s top M&A deal.