News Muncher - searching for merger

2 days, 4 hours ago

U.S. location tracking company Gravy Analytics breached, claims hacker

An unknown hacker is claiming to have pulled off a heist at U.S. location tracking firm Gravy Analytics, according to screenshots of the boast circulating online. "It passes the smell test 100 percent," said Marley Smith, the principal threat researcher at cyber intelligence company RedSense. In December the FTC announced a settlement with Gravy and a second broker, Mobilewalla, after …

Data Ftc Gravy

4 weeks, 1 day ago

Column: Good riddance to the merger of grocers Albertsons and Kroger, which would have cost you money

LA Times

The inside stories of messy marriage breakups have been an entertainment staple since even before Tolstoy observed that “every unhappy family is unhappy in its own way.” So let’s thank the supermarket giants Kroger and Albertsons, whose $24.6-billion merger has collapsed amid mutual recriminations, for their outstanding contribution to the genre. — Federal Judge Adrienne Nelson, blocking the Kroger/Albertsons merger …

California Partners Deal Merger Nelson Stores Kroger

Albertsons sues Kroger for failing to win approval of their proposed supermarket merger

Associated Press

Kroger and Albertsons’ plan for the largest U.S. supermarket merger in history crumbled Wednesday, with Albertsons pulling out of the $24.6 billion deal and the two companies accusing each other of not doing enough to push their proposed alliance through. AP AUDIO: Albertsons sues Kroger for failing to win approval of their proposed supermarket merger AP correspondent Haya Panjwani reports …

Billion Federal Colorado Stores Kroger Court Judge Ftc

1 month ago

Trump names Andrew Ferguson as head of Federal Trade Commission

Deccan Chronicle

Washington: President-elect Donald Trump on Tuesday named Andrew Ferguson as the next chair of the Federal Trade Commission. “Andrew has a proven record of standing up to Big Tech censorship, and protecting Freedom of Speech in our Great Country,” Trump wrote on Truth Social, adding, “Andrew will be the most America First, and pro-innovation FTC Chair in our Country’s History.” …

Trump Khan Ferguson Big Tech Ftc Trade Commission

After court loss, Albertsons and Kroger trade accusations over demise of mega-grocery-chain deal

LA Times

Albertsons, whose stores include Vons, announced it is backing out of a planned merger with Kroger. A day after a federal judge temporarily halted the merger, Albertsons said Wednesday that it’s scrapping the controversial pairing and suing Kroger, alleging that the chain failed to do enough to win over regulators. In February, the Federal Trade Commission sued to block Kroger’s …

Food Competition Judge California Merger Federal Court Stores

1 month ago

Judge hands Biden's FTC major antitrust win on grocery stores

Raw Story

A federal judge delivered a huge win to the departing Biden administration on Tuesday, ruling in favor of the Federal Trade Commission's action against the merger of the Kroger and Albertsons supermarket chains, reported the Wall Street Journal. “Evidence shows that defendants engage in substantial head-to-head competition and the proposed merger would remove that competition,” Judge Adrienne Nelson ruled. The …

Kroger Ftc

1 month ago

Proposed merger of supermarket giants Kroger and Albertsons is halted by federal, state judges

Associated Press

The proposed merger between supermarket giants Kroger and Albertsons floundered on Tuesday after judges overseeing two separate cases both halted the deal. In Washington, Governor-elect Bob Ferguson, who brought the case against Kroger and Albertsons as the state’s attorney general, called the state court’s decision “an important victory for affordability, worker protections and the rule of law.” Federal regulators argued …

Prices Washington State Nelson Stores Kroger Ftc

1 month ago

$25-billion Kroger-Albertsons merger plan is blocked by federal judge

LA Times

Albertsons, which owns Vons, and Kroger, which owns Ralphs, are pursuing a merger that would combine the two largest grocery store chains in the U.S. Kroger’s plans to buy its grocery rival Albertsons hit a major roadblock Tuesday, when a federal judge put a halt to the deal, which would be the largest supermarket merger in U.S. history. A spokesperson …

Competition Prices California Merger Nelson Walmart Stores

1 month ago

Kroger and Albertsons grocery megamerger halted by two courts

NPR

Kroger and Albertsons grocery megamerger halted by two courts toggle caption Al Behrman/AP Kroger and Albertsons saw their $24.6 billion merger blocked on Tuesday by judges in two separate cases, one brought by federal regulators and the other by the Washington state attorney general. U.S. District Judge Adrienne Nelson on Tuesday ruled that the merger must halt while it undergoes …

Washington Merger Nelson Walmart Stores Kroger Sponsor Message

1 month, 2 weeks ago

FTC opens wide-ranging antitrust probe into Microsoft

CNN

New York CNN — Microsoft is set to go under the microscope of the nation’s top antitrust watchdog, the Federal Trade Commission, which is launching a sweeping investigation into the tech giant’s practices. The FTC, in a letter sent to Microsoft, demanded that it hand over information to assist in the agency’s investigation, a source familiar with the matter told …

Microsoft Ftc

1 month, 2 weeks ago

Meta faces April trial in FTC case seeking to unwind Instagram merger

The Hindu

Facebook owner Meta Platforms will face trial in April over the U.S. Federal Trade Commission's allegations that the social media platform bought Instagram and WhatsApp to crush emerging competition, a judge in Washington said on Monday. Meta, then known as Facebook, overpaid for Instagram in 2012 and WhatsApp in 2014 to eliminate nascent threats instead of competing on its own …

Meta Ftc Boasberg Instagram Merger

1 month, 3 weeks ago

Will the antitrust showdown launched under Biden turn into ‘Let’s Make A Deal’ under Trump?

The Hindu

The U.S. antitrust watchdogs that pounced on Big Tech and deterred corporate deal making throughout President Joe Biden's administration may be kept on a shorter leash by Donald Trump after he returns to the White House next year. Given grocery prices remain a hot-button issue among consumers still feeling shell shocked from post-pandemic inflationary spikes, Allensworth believes the Trump administration …

Justice Tech Trump Google Antitrust Mehta Deal

1 month, 3 weeks ago

Will the antitrust showdown launched under Biden turn into ’Let’s Make A Deal’ under Trump?

Live Mint

SAN FRANCISCO — The U.S. antitrust watchdogs that pounced on Big Tech and deterred corporate deal making throughout President Joe Biden's administration may be kept on a shorter leash by Donald Trump after he returns to the White House next year. One of the biggest reasons underlying the anticipated pivot stems from the widespread belief that the chief architects of …

Justice Tech Trump Google Antitrust Administration Biden

1 month, 3 weeks ago

Will the antitrust showdown launched under Biden turn into ‘Let’s Make A Deal’ under Trump?

Associated Press

SAN FRANCISCO — The U.S. antitrust watchdogs that pounced on Big Tech and deterred corporate deal making throughout President Joe Biden’s administration may be kept on a shorter leash by Donald Trump after he returns to the White House next year. “I won’t be surprised if they find ways to reach some accommodations and we end up seeing more negotiated …

Justice Tech Trump Google Antitrust Administration Biden

2 months ago

“Predatory pricing”: Lawmakers call upon the FTC to investigate Albertsons, other major supermarkets

Salon

Sen. Elizabeth Warren, D-Mass, and Rep. Adam Schiff, D-Calif., are calling upon the Federal Trade Commission and Department of Agriculture to investigate Albertsons and other major grocery chains for “predatory pricing” practices that may have violated federal laws. Beyond what prosecutors classified as “scanner violations,” the grocers also had inaccurate weights on the labels of their products, meaning customers were …

California Pricing Warren Customers Ftc Albertsons Predatory Pricing

Trump expected to shift course on antitrust, stop Google breakup

The Hindu

Donald Trump will likely dial back some of the antitrust policies pursued under the administration of President Joe Biden, potentially including a bid to break up Alphabet's Google over its dominance in online search, experts said. That gives Mr. Trump and the DOJ time to change course if they choose, said William Kovacic, a law professor at George Washington University. …

Trump Google Biden Ftc Doj

3 months ago

Column: Albertsons will pay millions to quash charges that it cheated customers. Shouldn’t that kill its merger plan?

LA Times

FTC Chair Lina Khan says the megamerger of the Albertsons and Kroger supermarket chains will drive up prices for consumers. That’s because the core of Albertsons’ defense against the FTC’s attack on the merger is that the deal will result in lower prices — and that the agency and customers should take that on faith. In a post-hearing brief, the …

Prices California Counties Merger Customers Stores Kroger

3 months ago

As Kroger-Albertsons merger faces FTC scrutiny, state lawsuits add further hurdles

Salon

In August, the Federal Trade Commission made a motion for a preliminary injunction against the proposed $24.6 billion merger of Kroger and Albertsons, two of the largest supermarket chains in the country. The FTC’s arguments largely centered on how they believe the merger would be anticompetitive, while representatives from Kroger and Albertsons argued the merger needed to happen in order …

Washington State Billion Colorado Merger Ferguson Stores

3 months, 3 weeks ago

Kroger and Albertsons prepare to make a final federal court argument for their merger

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Kroger and Albertsons were expected …

Court Oregon Washington Merger Federal Court Stores Kroger

3 months, 4 weeks ago

"They're admitting it": Experts say megamerger helps corporations that used pandemic to raise costs

Salon

Major food conglomerates that hiked prices amid the pandemic could benefit a $24.6 billion grocery megamerger facing a federal court challenge from the Federal Trade Commission over concerns that the newly created company would raise Americans’ food prices. “We need to prevent any and all of them from getting any worse than they already are.” "Market power bottlenecks" in grocery …

Food Market Pandemic Costs Told Kroger Brands

3 months, 4 weeks ago

Shoppers and workers that stand to be affected by a Kroger-Albertsons merger weigh in

NPR

Shoppers and workers that stand to be affected by a Kroger-Albertsons merger weigh in The FTC is alleging that the proposed merger between Kroger and Albertsons would lead to higher prices for consumers and weakening the power of workers. RUBY DE LUNA, BYLINE: On a busy corner in the West Seattle neighborhood, Lisa Bath has just finished her week's shopping …

Bath Workers Prices Washington Seattle Luna Stores

4 months, 2 weeks ago

Kroger and Albertsons defend merger plan in federal court against US regulators’ objections

Associated Press

PORTLAND, Ore. — Supermarket chain Albertsons told a federal judge Monday that it might have to lay off workers, close stores and even exit some markets if its planned merger with Kroger isn’t allowed to proceed. In Santa Fe, New Mexico, for example, 278 shoppers wrote to the FTC to express their concerns about a combined Kroger and Albertsons, which …

Price Colorado Merger Store Federal Court Wolf Stores

4 months, 2 weeks ago

An Albertsons and Kroger merger would remake grocery shopping. A judge must decide whether to halt it.

LA Times

Grocery giants Kroger and Albertsons are facing off against the Federal Trade Commission in federal court, with the two sides fighting over the largest proposed supermarket merger in U.S. history. Kroger Chief Executive Rodney McMullen has vowed to use $1 billion in annual savings created by the proposed merger to lower shelf prices, remodel stores and improve worker wages and …

California Federal Deal Merger Store Federal Court Both Sides

4 months, 3 weeks ago

“Unconstitutional”: Kroger sues Federal Trade Commission ahead of merger court hearing

Salon

Kroger has filed a lawsuit against the U.S. Federal Trade Commission, seeking to block the regulator from reviewing the supermarket chain’s controversial proposed $25 billion merger with Albertsons. According to a Monday release from the company, Kroger filed a motion for preliminary injunction in the U.S. District Court, Southern District of Ohio, against the FTC’s administrative proceeding challenging the deal. …

Kroger Ftc Court Proceeding

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Articles for Ftc, search results for merger

U.S. location tracking company Gravy Analytics breached, claims hacker

Column: Good riddance to the merger of grocers Albertsons and Kroger, which would have cost you money

Albertsons sues Kroger for failing to win approval of their proposed supermarket merger

Trump names Andrew Ferguson as head of Federal Trade Commission

After court loss, Albertsons and Kroger trade accusations over demise of mega-grocery-chain deal

Judge hands Biden's FTC major antitrust win on grocery stores

Proposed merger of supermarket giants Kroger and Albertsons is halted by federal, state judges

$25-billion Kroger-Albertsons merger plan is blocked by federal judge

Kroger and Albertsons grocery megamerger halted by two courts

FTC opens wide-ranging antitrust probe into Microsoft

Meta faces April trial in FTC case seeking to unwind Instagram merger

Will the antitrust showdown launched under Biden turn into ‘Let’s Make A Deal’ under Trump?

Will the antitrust showdown launched under Biden turn into ’Let’s Make A Deal’ under Trump?

Will the antitrust showdown launched under Biden turn into ‘Let’s Make A Deal’ under Trump?

“Predatory pricing”: Lawmakers call upon the FTC to investigate Albertsons, other major supermarkets

Trump expected to shift course on antitrust, stop Google breakup

Column: Albertsons will pay millions to quash charges that it cheated customers. Shouldn’t that kill its merger plan?

As Kroger-Albertsons merger faces FTC scrutiny, state lawsuits add further hurdles

Kroger and Albertsons prepare to make a final federal court argument for their merger

"They're admitting it": Experts say megamerger helps corporations that used pandemic to raise costs

Shoppers and workers that stand to be affected by a Kroger-Albertsons merger weigh in

Kroger and Albertsons defend merger plan in federal court against US regulators’ objections

An Albertsons and Kroger merger would remake grocery shopping. A judge must decide whether to halt it.

“Unconstitutional”: Kroger sues Federal Trade Commission ahead of merger court hearing