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☆ Boeing secured its first order after a 7-week strike — 80 737 Max jets
▼ + stars: | 2024-11-12 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Avia Solutions Group, which leases planes to airlines, ordered 80 Boeing 737 Max jets. Avia Solutions Group announced Tuesday that it ordered 80 Boeing 737 Max jets, evenly split between firm orders and purchase rights. AdvertisementThe incident saw a 737 Max lose a door plug mid-flight after the plane left Boeing's factory missing key bolts. The Federal Aviation Administration consequently limited Boeing's output of 737 Max aircraft to 38 a month until it implements a safety-and-quality plan. AdvertisementDelivery of ASG's Boeing jets is expected to start in 2030.

Persons: —, ASG, Brad McMullen, Max Organizations: Boeing, Avia Solutions, Max, Service, Avia, Airbus, Saudi Arabia's, Saudi Arabia's Riyadh Air, Bloomberg, Alaska Airlines, Federal Aviation Administration Locations: Saudi, Saudi Arabia's Riyadh

With less than four weeks until Election Day, Trump is scheduled to hold rallies in staunchly Democratic states he has virtually no chance of winning. President Joe Biden won those states by an average of 20 points in 2020, with his 13-point Colorado win the closest margin. “Choosing high-impact settings makes it so the media can’t look away and refuse to cover the issues and the solutions President Trump is offering,” said a senior Trump campaign adviser of the strategy behind late-election cycle events in Democratic states. He called Trump the “most unorthodox candidate in modern history,” which means the off-script strategy could have some value. “Aurora, Colorado has become a 'war zone' due to the influx of violent Venezuelan prison gang members,” Trump’s campaign said in a statement announcing the event.

Persons: Donald Trump’s, Trump, It’s, Joe Biden, George W, Bush, ”, Harris, Biden’s, Kamala Harris, Matthew Bartlett, ” Bartlett, Republican Young Kim, Republican Ken Calvert, Mike D’Esposito, Trump’s, Ed McMullen, Bartlett, Steven Hernandez, “, ” Hernandez, Sen, Bernie Sanders, Mike Coffman, Ohio Sen, JD Vance, it’s, Tricia McLaughlin, Vivek Ramaswamy's Organizations: Democratic, Republican, Trump, House, Los, Nassau County’s, Coachella, Bloomberg, Economic, of Chicago, Madison, GOP, New Locations: Colorado , California , Illinois, New York, Colorado, Madison Square, Georgia, Pennsylvania, Nevada , North Carolina , Wisconsin, Michigan, California, Los Angeles, Coachella, Switzerland, Aurora, “ Aurora , Colorado, Chicago, Democratic, Manhattan, Yorker, New Jersey

☆ Customer connection is helping drive strength for Kroger, says CEO Rodney McMullen
▼ + stars: | 2024-09-12 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCustomer connection is helping drive strength for Kroger, says CEO Rodney McMullenKroger CEO Rodney McMullen joins CNBC's 'Money Movers' to discuss what's driving the stock's performance, what is behind changing consumer behavior, and more.

Persons: Rodney McMullen Kroger, Rodney McMullen, CNBC's Organizations: Kroger

“Let’s have a good debate,” Harris said. The debate amounted to a missed opportunity for many Trump allies, who hoped that a solid performance would turn the page on Harris' "honeymoon" period. “She failed to meet the moment, with President Trump effectively reflecting the economic anxieties off Americans.”“Kamala’s joy doesn’t pay the grocery bills,” he added. “It is important that transgender individuals who rely on the state for care receive the treatment they need, which includes access to treatment associated with gender transition,” Harris wrote. In an early morning call-in to "Fox and Friends," Trump once again defended his debate performance and predicted Swift would regret her endorsement.

Persons: Kamala Harris, Harris, Donald Trump, strolled, “, ” Harris, ” Trump, Trump, Joe Biden, “ Kamala, ”, Matt Gaetz, Gavin Newsom, Sen, JD Vance, ” Elon Musk, Laura Ingraham, Harris “, Christopher Rufo, “ Harris, David Muir, Linsey Davis, “ I’m, Ed McMullen, Trump’s, Roe, Wade, ” McMullen, …, ’ Sean Hannity, ” Omeed Malik, Taylor Swift, ” Swift, Swift Organizations: Trump, Senate, “, Republican, MSNBC, PAC, Fox News, NBC News, ABC, Democratic, CNN, American Civil Liberties, California Department of Corrections, Rehabilitation, ” Fox, Wall Street, Fox Locations: Philadelphia, Florida, what’s, California, Ohio, South Carolina, Switzerland

Expensive Big Mac meals and fears of surge pricing at grocery stores have put food chains and consumer product companies in politicians' crosshairs. Walmart , McDonald's and Kroger are just a few of the companies that have found themselves in the debate over high inflation in the 2024 election. Democrats — particularly those like Casey who are trying to win races in competitive swing states — are trying to capitalize on frustration against companies over inflation. (The source of the data is unclear, and McDonald's has denied that its average prices have risen that much.) The criticism could also add to the pressure companies face to show they can lower prices or offer value.

Persons: Elizabeth Warren, Bob Casey, Kroger, Rodney McMullen, —, Casey, Joe Biden, McDonald's, Kamala Harris, Donald Trump, Harris, Trump, Biden, Cait Lamberton, That's Organizations: Walmart, McDonald's, Kroger, Albertsons, House Republican, Taco Bell, Democratic, Republican, U.S . Bureau of Labor Statistics, University of Pennsylvania's Wharton Locations: Sens, McDonald's

“I think folks think it’s Trump reverting to his Id,” a longtime Republican communications adviser said. “The momentum is with Vice President Harris, and we just need to work our hearts out until Election Day,” Rep. Ro Khanna, D-Calif., said. “We have multiple pathways to 270 electoral votes,” Dan Kanninen, battleground states director for the Harris campaign, said of the threshold for winning the electoral college. Project 2025, which had been attacked by Democrats, announced that it would stop working on policy after taking criticism from the Trump campaign. “Crazy Kamala is saying she’s Indian, not Black,” Trump wrote on social media.

Persons: Donald Trump, Kamala Harris, Joe Biden, Harris, Ohio Sen, JD Vance, National Association of Black Journalists —, —, Trump, ”, Andrew Hitt, “, Kamala, he’s, Sen, Tom Tillis, Biden, Vance, President Harris, Ro Khanna, ” Harris, Chris Kofinis, Hillary Clinton, Ed McMullen, It’s, ” Trump, “ I’ve, Harris ’, it’s, “ Harris, ” Dan Kanninen, ” Kofinis, Lauren Hitt, ” Hitt, Dave McCormick, Democratic Sen, Bob Casey, Jon Tester, Sherrod Brown, Sherrod Brown of Ohio, Brown, Black, rallygoers, Laura Loomer, Mindy Kaling Organizations: Ohio, National Association of Black Journalists, Republican Party of Wisconsin, Trump, NBC, Republican, Democratic, Democratic Party, Republican National Committee, Biden, Washington Post, ”, Trump stewing, Democratic National Convention, GOP, Democrats, Sun, Republicans, Immigration, Customs Enforcement, National Republican, Committee, Democratic Sens, Black, U.S . Senate Locations: Chicago, Harris, Trump, Pennsylvania, Wisconsin, African American, Switzerland, St, Cloud , Minnesota, West, Wisconsin , Michigan, Georgia, Arizona, North Carolina, Nevada, Michigan, Sherrod Brown of, Minnesota

☆ PepsiCo just admitted that snackflation might have gone too far
▼ + stars: | 2024-07-11 | by ( Alex Bitter | Dominick Reuter | ) www.businessinsider.com time to read: +4 min

As food inflation rose over the last few years, companies like PepsiCo have been able to push through price increases to retailers and consumers — and then some. Food inflation has increased at a steady pace over the last few months. While PepsiCo is one of the largest food manufacturers in the world, it's far from alone in hiking prices. McMullen told investors last month he expects more discounts coming from national brands this year. Of course, national brands have been bragging about strong profits in recent years, which would suggest they're now in a position to offer discounts and promotions without breaking the bank.

Persons: —, Cheetos, Jefferies, Ramon Laguarta, Laguarta, Crisman White, Rodney McMullen, McMullen, John David Rainey, Christina Hennington, they're Organizations: Service, Frito, PepsiCo, Business, Quaker Foods, Pepsi, Kroger, Walmart Locations: Quaker Foods North America

☆ Kroger CEO on consumer strength, and Albertsons merger
▼ + stars: | 2024-06-20 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKroger CEO on consumer strength, and Albertsons mergerRodney McMullen, Kroger CEO, joins 'Money Movers' to discuss what's happening with Kroger's pricing dynamic, if the budget-conscious consumer has positive momentum, and McMullen's thoughts on the Albertsons merger.

Persons: Rodney McMullen Organizations: Albertsons, Kroger

☆ Former Trump Officials Meet in Israel With Netanyahu.
▼ + stars: | 2024-05-20 | by ( Jonathan Swan | ) www.nytimes.com time to read: +1 min

One of former President Donald J. Trump’s closest foreign policy advisers, Robert O’Brien, met with Prime Minister Benjamin Netanyahu of Israel on Monday as part of a delegation of former Trump officials that visited a number of Israeli leaders. Mr. O’Brien, who served as national security adviser to Mr. Trump and is expected to play a significant role in any second Trump administration, was joined in the meetings by two other former Trump officials — the former ambassador to the United Arab Emirates, John Rakolta, and the former ambassador to Switzerland, Ed McMullen. The members of the delegation were described by Marshall Wittmann, a spokesman for the American Israel Public Affairs Committee, the pro-Israel lobbying group whose affiliate, the American Israel Education Foundation, funded and organized the trip. In a brief phone interview, Mr. O’Brien said he had wanted to visit Israel ever since the Hamas-led attack on Oct. 7 to express his “solidarity for Israel and the Jewish people.”Mr. O’Brien said Mr. Trump was aware of his trip to Israel, but he said the former president had not asked him to go or directed him to say anything to Mr. Netanyahu. He said he was there as a “private citizen,” adding that he did express his view to Mr. Netanyahu that the Hamas terrorist attack would never have happened if Mr. Trump were still president.

Persons: Donald J, Trump’s, Robert O’Brien, Benjamin Netanyahu, O’Brien, Trump, John Rakolta, Ed McMullen, Marshall Wittmann, Mr, Netanyahu Organizations: Israel, Trump, United Arab, American Israel Public Affairs Committee, American Israel Education Foundation Locations: United Arab Emirates, Switzerland, Israel

☆ Grocers are trying to get orders to your door faster than ever — here's why
▼ + stars: | 2024-03-07 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +6 min

Walmart expanded its same-day delivery offering to allow shoppers to get online purchases dropped off earlier in the morning. With same-day deliveries, the three retailers are not only trying to outmatch one another on convenience. With Target's announcement this week, Walmart, Target and Kroger will all have paid membership programs with home deliveries as one of the benefits. Kroger has used online delivery to break into new regions of the country, including Florida, without opening a single grocery store. Walmart and Target both beat Wall Street's sales expectations for the holiday quarter, but said shoppers are still very value-focused.

Persons: Kroger, Michael Baker, Davidson, Davidson's Baker, John David Rainey, Rodney McMullen, That's, McMullen, We've Organizations: Target, Walmart, D.A, Kroger, Costco, Albertsons, FTC, Wall Locations: U.S, Florida

☆ Kroger CEO Rodney McMullen on FTC lawsuit: We were disappointed but not surprised
▼ + stars: | 2024-02-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKroger CEO Rodney McMullen on FTC lawsuit: We were disappointed but not surprisedRodney McMullen, Kroger CEO, joins 'Money Movers' to discuss the FTC's lawsuit against Kroger and Albertson's proposed merger, why the merger wouldn't raise prices for consumers, and the core of the FTC's argument.

Persons: Kroger, Rodney McMullen, Albertson's Organizations: Kroger

☆ FTC sues to block Kroger, Albertsons merger, arguing deal would raise grocery prices and hurt workers
▼ + stars: | 2024-02-26 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

"Essential grocery store workers would also suffer under this deal, facing the threat of their wages dwindling, benefits diminishing, and their working conditions deteriorating." Kroger said in a statement that blocking the deal "will actually harm the very people the FTC purports to serve: America's consumers and workers." The company also pledged $500 million to reduce prices for customers and $1 billion to raise employee wages and expand benefits. Two unions that represent Kroger and Albertsons employees, the United Food and Commercial Workers International Union and the Teamsters union, opposed the deal. Higher grocery prices have irked consumers and become a hot topic on the campaign trail.

Persons: Henry Liu, Kroger, Albertsons, Biden, Joe Biden, Rodney McMullen Organizations: U.S . Federal Trade Commission, Kroger, Albertsons, FTC, Washington D.C, Walmart, Amazon, Costco, White, United Food, Commercial Workers International Union, Teamsters Locations: Arizona , California, Washington, , Illinois, Maryland , Nevada , New Mexico , Oregon, Wyoming, FTC's

☆ US government sues to block largest supermarket merger in history
▼ + stars: | 2024-02-26 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

New York CNN —The Federal Trade Commission on Monday sued to block the $25 billion deal between Kroger and Albertsons, alleging the largest supermarket merger in US history would lead to higher prices for consumers. The merger, announced in 2022, sought to combine the fifth and tenth largest retailers in the country. “This supermarket mega merger comes as American consumers have seen the cost of groceries rise steadily over the past few years. With the FTC’s blessing, Haggen, a small supermarket chain in the Northwest with just 18 locations, bought 146 of the former Albertsons and Safeway stores. She criticized the FTC’s handling of Albertsons’ deal with Safeway, pointing to it as a prime example of the limitations of divestitures.

Persons: Harris Teeter, Fred Meyer, Kroger, Rodney McMullen, Henry Liu, Piggly, Khan, Lina Khan, Haggen, ” Khan, “ Organizations: New, New York CNN, Federal Trade Commission, Kroger, Albertsons, Safeway, Vons, Bureau of Labor Statistics, FTC, Walmart, Amazon, Costco, Competition, S Wholesale Grocers, Democrats, Republicans, Capitol Locations: New York, United States, Aldi, FTC’s, Northwest

NASHUA, N.H. (AP) — A man convicted of opening fire inside a New Hampshire church during a wedding, wounding a bishop and the bride, was sentenced Monday to 40 years to life in prison. The shooting happened nearly two weeks after Holloway’s stepfather, a pastor at the church, was killed by the son of the groom. The jury acquitted Holloway of an attempted murder charge in the shooting of McMullen. Authorities said Castiglione is the father of a man convicted of killing Holloway’s stepfather. Brandon Castiglione was convicted of second-degree murder and sentenced to 42 years in prison earlier this year for fatally shooting Holloway’s stepfather, Luis Garcia, inside his home.

Persons: Dale Holloway, “, Seth Dobieski, Dobieski, Holloway, Stanley Choate, Claire McMullen, McMullen, ”, Choate, I’ve, I’m, Mark Castiglione, Castiglione, Holloway’s, Brandon Castiglione, Luis Garcia Organizations: New England Pentecostal Ministries, Authorities Locations: NASHUA, N.H, New Hampshire, Pelham, McMullen

☆ Man Who Shot Bride and Bishop at Wedding Gets 50 Years to Life in Prison
▼ + stars: | 2024-01-29 | by ( Livia Albeck-Ripka | More About Livia Albeck-Ripka | ) www.nytimes.com time to read: +1 min

A gunman who opened fire in a New Hampshire church during a wedding, wounding the bride and bishop, was sentenced Monday to a minimum of 50 years to life in prison. The man, Dale Holloway, 41, barged into the New England Pentecostal Ministries church in Pelham, N.H., on Oct. 12, 2019, on an apparent revenge mission, shooting Bishop Stanley Choate in the chest and the bride, Claire McMullen, in the arm, according to court documents. At the end of the wedding ceremony, Mr. Holloway stood up and moved toward the altar, at which point Bishop Choate stretched his arms out and pleaded, “Son, no, no, no, no,” prosecutors said. Mr. Holloway then shot the bishop and the bride. Mr. Holloway also struck Mr. Castiglione in the head before churchgoers tackled him to the ground, prosecutors said.

Persons: Dale Holloway, Bishop Stanley Choate, Claire McMullen, Holloway, Luis Garcia, McMullen, Mark Castiglione, Brandon Castiglione, Mr, Garcia, Bishop Choate, “, Castiglione, churchgoers Organizations: New England Pentecostal Ministries Locations: New Hampshire, Pelham, N.H

☆ Proposed Kroger, Albertsons merger will take more time to close as scrutiny continues
▼ + stars: | 2024-01-15 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Supermarket chain Kroger's proposed acquisition of rival Albertsons is now expected to close in the first half of Kroger's fiscal year 2024 instead of early this year. Kroger, Albertsons and C&S Wholesale Grocers said they are in "active and ongoing dialogue" with the Federal Trade Commission and individual state attorneys general, according to the joint statement. In a bid to close the proposed $24.6 billion deal, Kroger agreed in September to divest 413 stores and eight distribution centers to C&S for $1.9 billion. With regulatory approval, the merger may require C&S to purchase an additional 237 stores from Kroger and Albertsons, Kroger said last year. Washington state's attorney general filed a lawsuit Monday seeking to block the proposed merger, calling it "harmful" for shoppers and workers.

Persons: Rodney McMullen, Kroger, —, Elizabeth Warren, Bernie Sanders, Alexandria Ocasio, Cortez Organizations: Albertsons, Antitrust, Consumer, Capitol, S Wholesale Grocers, Federal Trade Commission, Kroger, Safeway, Acme, Washington, & $ Locations: Washington, Sens, Alexandria

☆ We just got the clearest sign yet that grocery price increases are slowing down
▼ + stars: | 2023-11-30 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Food inflation is slowing down heading into 2024, according to the largest supermarket chain in the US. Executives at Kroger said they expect food inflation "in the low single-digits'" in the new year. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Food inflation peaked over the last two years in June 2022, when federal data showed prices rising 9%. Walmart is also expecting relief from food inflation, CEO Doug McMillon said earlier this month.

Persons: —, Gary Millerchip, Kroger, Millerchip, Rodney McMullen, Doug McMillon Organizations: US, Kroger, Service, Bank of America, Walmart Locations: Nashville , Tennessee

☆ Kroger CEO: We continue to expect 'slight inflation' in 2024
▼ + stars: | 2023-11-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKroger CEO: We continue to expect 'slight inflation' in 2024Kroger CEO Rodney McMullen joins 'Squawk on the Street' to discuss what led McMullen to downgrade Kroger's expectations on sales growth, any big changes in consumer behavior during the quarter, and more.

Persons: Rodney McMullen, McMullen Organizations: Kroger

☆ Xi says China, US 'should and must' achieve peaceful co-existence
▼ + stars: | 2023-09-19 | by ( ) www.reuters.com time to read: +2 min

Chinese President Xi Jinping attends the plenary session of the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg, South Africa on August 23, 2023. GIANLUIGI GUERCIA/Pool via REUTERS/File Photo Acquire Licensing RightsBEIJING, Sept 19 (Reuters) - Chinese President Xi Jinping told two US Flying Tigers veterans who fought for China during World War II that China and the US "should and must" achieve peaceful co-existence, offering further cues for both sides to lower persistent tensions. "Looking to the future, China and the United States, as two major countries, bear more important responsibilities for world peace, stability and development," Xi said. "They should and must achieve mutual respect, peaceful coexistence, and win-win cooperation." Reporting by Ryan Woo; Editing by Michael PerryOur Standards: The Thomson Reuters Trust Principles.

Persons: Xi Jinping, GIANLUIGI, Harry Moyer, Mel McMullen, Xi, Chiang Kai, Han Zheng, Antony Blinken, Han, Ryan Woo, Michael Perry Organizations: Rights, US Flying Tigers, Japan, American Volunteer Group, Flying Tigers, US, shek's Kuomintang, United Nations General Assembly, Thomson Locations: Sandton, Johannesburg, South Africa, Rights BEIJING, China, United States, Republic of China

☆ Kroger settles $1.2 billion opioid claims
▼ + stars: | 2023-09-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKroger settles $1.2 billion opioid claimsKroger CEO Rodney McMullen joins 'Squawk on the Street' to discuss the sales miss in its earnings report, Kroger agreeing to pay $1.2 billion in opioid settlement with Native American tribes, and the state of consumer spending on groceries.

Persons: Kroger, Rodney McMullen

☆ Slowing inflation is dragging on Kroger sales, even as consumers still feel a pinch
▼ + stars: | 2023-09-08 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +6 min

But it has created risk that customers could turn to retailers known for lower food prices, such as Walmart, Aldi or Dollar General . Kroger reaffirmed its full-year guidance, saying it expects identical sales excluding fuel to range between 1% and 2%. In an earnings release, he said the grocer expects inflation to "continue to decelerate" and expects a tougher backdrop for consumers in the months ahead. Kroger CEO Rodney McMullen said on an earnings call that slowing inflation could lift sales in another way. He said Kroger has stepped up security and added new tech to try to fight crime, but said Kroger expects the theft trends "will continue to be a challenge for the remainder of the year."

Persons: Kroger, Fred Meyer, Ralphs, King Soopers, Gary Millerchip, Rodney McMullen, McMullen, Millerchip Organizations: Kroger, LSEG, Target, Walmart, Aldi, Express, U.S . Bureau of Labor Statistics, Albertsons, S Wholesale Grocers, Grand Union Locations: U.S, Florida, Washington ,

All fuel centers and pharmacies associated with the divested stores will remain with the stores and continue to operate. Kroger, based in Cincinnati, Ohio, bid $20 billion for Albertsons. C&S, which was founded in 1918, is a supplier to independent grocery stores, supplying more than 7,500 independent supermarkets, retail chain stores and military bases. It currently runs Grand Union grocery stores and Piggly Wiggly franchise and corporate-owned stores in the Midwest and Carolinas. Shares of Kroger Co., based in Ohio, rose 5% Thursday and Albertsons Cos., based in Idaho, rose 3%.

Persons: Debi Lilly Design, Primo Taglio, Kroger, ” Kroger, Rodney McMullen Organizations: Kroger, Albertsons, S Wholesale Grocers, Waterfront Bistro, Walmart, Amazon, Aldi, Winn, Dixie, Federal Trade Commission, Union, Kroger Co, Albertsons Cos Locations: Cincinnati , Ohio, Midwest, Carolinas, Ohio, Idaho

☆ Weight loss drugs boost sales at retail pharmacies, but they may not help profits much
▼ + stars: | 2023-08-21 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +5 min

George Frey | ReutersDrugmakers aren't the only ones feeling the impact of the weight loss industry gold rush. Retailers with pharmacy businesses, such as Walmart , Kroger and Rite Aid , said increased demand for prescription weight loss drugs helped boost sales for the second quarter. Are weight loss drugs profitable? A selection of injector pens for the Saxenda weight loss drug are shown in this photo illustration in Chicago, Illinois, U.S., March 31, 2023. For one, branded drugs don't directly compete with other medications because they have patent protections.

Persons: George Frey, Reuters Drugmakers, Arun Sundaram, it's, Elon Musk, Eli Lilly, Doug McMillon, Matthew Schroeder, Schroeder, Rodney McMullen, CFRA Research's Sundaram, Michael Lasser, Jim Vondruska, USC's Schaeffer Organizations: KR NOVO.B, Novo Nordisk, Pharmacy, Reuters, Walmart, Kroger, Rite, CFRA Research, CNBC, Nordisk, Elon, Pfizer, UBS, USC's, USC's Schaeffer Center for Health, Association Locations: Provo , Utah, U.S, GLP, Chicago , Illinois

☆ Kroger CEO is confident about Albertson's deal despite FTC merger crackdown
▼ + stars: | 2023-07-26 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Kroger CEO Rodney McMullen discussed the company's proposed merger with rival grocery chain Albertson's with CNBC's Jim Cramer, saying he's confident about the deal despite the Federal Trade Commission's recent crackdown on mergers. The rival grocers announced their plans to merge in October, proposing a $24.6 billion deal. McMullen said he thinks the government will approve the merger, saying it will only benefit customers and employees. The merger would allow the companies to capture nearly 16% of the U.S. grocery market, according to market researcher Numerator. Kroger is currently the second-largest grocer by market share in the United States, behind Walmart , and Albertsons is fourth, after Costco, Numerator also shows.

Persons: Rodney McMullen, CNBC's Jim Cramer, McMullen, We've, we'll Organizations: Federal Trade, Kroger, Walmart, Albertsons, Costco Locations: United States

☆ Kroger CEO Rodney McMullen goes one-on-one with Jim Cramer
▼ + stars: | 2023-07-26 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Kroger CEO Rodney McMullen goes one-on-one with Jim CramerKroger CEO Rodney McMullen sit down with 'Mad Money' host Jim Cramer to talk its merger with Albertsons, Kroger's Back to School campaign and more.

Persons: Rodney McMullen, Jim Cramer Kroger, Jim Cramer Organizations: Albertsons

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