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He had a $1.5 million life insurance policy, which my mom used as leverage to get a loan for his care. My mom's experience convinced me to buy a 20-year, $500,000 term life policy of my own, at $28 a month. That math looks grim, and it would look a whole lot worse if my stepfather didn't have a $1.5 million term life insurance policy. Life insurance was a financial lifeline for my motherThough the mortgage had slipped my stepfather's mind, the life insurance premiums were on autopay. Get Life Insurance Quotes Compare affordable life insurance options with Policygenius.
Persons: , he'd, hadn't, He'd, didn't, Roger Deal, Roger, they'll, Banks, there's, George Bailey Organizations: Service, CPA, Sequoia Wealth Partners Locations: Omaha , Nebraska
SAN FRANCISCO, March 15 (Reuters) - Self-driving trucking startup Gatik will double its workforce by year end, a top executive said, after it announced a deal on Wednesday with grocer Kroger Co (KR.N) to transport goods within its Dallas, Texas network. Gatik, which operates traditional mid-sized trucks fitted with its autonomous technology, aimed to expand to 15 new U.S. states over five years, CEO Gautam Narang told Reuters. Many investors in the self-driving industry have grown sceptical as complicated technology and tough safety regulations have delayed large-scale commercialization. Autonomous truck company Embark Technology (EMBK.O) said this month it would lay off 70% of its employees and start evaluating options, including winding down the business. Microsoft (MSFT.O)plans to invest more than $10 million in Gatik at a valuation above $700 million, sources told Reuters in January.
Albertsons-Kroger Deal Spooks Merger Pros
  + stars: | 2023-01-18 | by ( Jinjoo Lee | ) www.wsj.com   time to read: 1 min
Kroger last fall agreed to buy Albertsons, though the deal faces an antitrust review that is likely to focus on local store overlap. Betting on the outcome of a merger or acquisition is always tricky business. That is especially true of supermarket giant Kroger ‘s proposed purchase of rival Albertsons . In October, Kroger agreed to buy Albertsons for roughly $34.10 a share in cash, minus the planned $6.85 special dividend that Albertsons was expected to pay out. That means if everything goes according to plan, Albertsons shareholders can expect to be paid $27.25 a share by Kroger.
U.S. state attorneys general probing Kroger deal for Albertsons
  + stars: | 2022-10-26 | by ( ) www.reuters.com   time to read: +2 min
[1/2] A customer leaves an Albertsons grocery store, as Kroger agrees to buy rival Albertsons in a deal to combine the two supermarket chains, in Riverside, California, U.S., October 14, 2022. REUTERS/Aude GuerrucciWASHINGTON, Oct 26 (Reuters) - A half dozen state attorneys general are digging into Kroger's (KR.N) planned acquisition of rival grocery chain Albertsons (ACI.N), District of Columbia Attorney General Karl Racine said on Wednesday. read moreRacine, along with attorneys general from Arizona, California, Idaho, Illinois and Washington state, also urged the chief executive of Albertsons to delay $4 billion in payments to shareholders until the state merger review is done and the deal closes. Albertsons, which owns Safeway and other grocery chains, said on Oct. 18 it would give shareholders a special dividend of up to $4 billion. An Albertsons spokesperson said in an emailed statement that the special dividend allows the company "to return cash to all of Albertsons Companies’ shareholders," adding that it would continue to be well-capitalized after the dividend is paid.
Kroger could announce a deal to buy rival grocery company Albertsons this week, sources told CNBC's David Faber. The companies could announce the all-cash deal as soon as Friday morning, sources told Faber. Albertsons' market cap is about $14.9 billion. Its stores, which now include Amazon Fresh, still command a small percentage of the overall U.S. grocery market, but sparked a wave of investment. Kroger, for example, struck a deal with British online grocer Ocado to build huge robot-powered fulfillment centers to pick and pack online grocery orders.
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