CEOs of Albertsons and Kroger explain to the skeptical government that the mega-merger in the grocery trade will not lead to store closures and higher prices
In response to questions from the U.S. government, the CEOs of Kroger and Albertsons stressed on Wednesday that the merger would enable the two supermarket chains to lower their prices and thus compete more effectively with retail giants such as…
“They’re all dogs.” Texts could haunt Kroger merger with Albertsons
The FTC is trying to stop a mega-supermarket merger. Here’s why. The Federal Trade Commission had filed a lawsuit to prevent the merger between Kroger and Albertsons because it would allegedly create a monopoly in the supermarket industry. PORTLAND, Oregon…
Stock market today: Dow Jones Industrial Average hits new record high in mixed trading
Wall Street hit another record high on Tuesday, while major stock indices barely moved after a lackluster day of trading. The Dow Jones Industrial Average rose 9 points, or less than 0.1 percent, to its second all-time high in two…
Lower’s Randell Gillespie talks about mortgage technology solutions and authentic leadership
In the latest episode of the Power House podcast HousingWire CEO Clayton Collins talks with Randell Gillespie, Chief Production Officer at Lower and received the HousingWire Vanguard Award in 2023. The duo addresses various topics, including Lower’s changed culture and…
EasyHotel chain considers sale
Take Skift According to a news report, the potential valuation is around $500 million, but that would be a huge jump from the pre-pandemic value of just $170 million. Sean O’Neill EasyHotel confirmed that it is exploring a sale of…
Blackstone invests in hotel technology and plans “many more” deals
Take Skift There are numerous opportunities for strategic growth investments in the travel technology sector and Blackstone wants to be part of it. Justin Dawes Blackstone announced Thursday that it plans to acquire a majority stake in hotel accounting technology…
Consolidation of American shale oil continues, rumors of another sale
By Michael Kern – August 7, 2024, 2:00 p.m. CDT Privately held Franklin Mountain Energy is reportedly considering a sale of its Permian Basin assets, which have a potential value of around $3 billion. The consolidation trend in…
