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Government, Business, Private

Kroger Doubles Price Cut to $1 Billion Post-Albertsons Merger

Kroger Co. has pledged to cut grocery prices by $1 billion, doubling its initial promise, as it seeks to win regulatory approval for its $25 billion merger with Albertsons Cos.

Jaewon Kang | Bloomberg News
August 15, 2024
Business, Private

Walmart Boosts Outlook for 2024

NEW YORK — Walmart had another quarter of strong sales that topped almost all expectations with its comparatively low prices proving a powerful draw for millions.

Anne D’Innocenzio | Associated Press
August 15, 2024
Government, Business, Fuel, Private

Darling Ingredients Surges on California Proposal

Darling Ingredients soared the most in eight years after California signaled it may limit the use of seed oils in green diesel, which would be a boon to companies that use rival feedstocks.

Kim Chipman | Bloomberg News
August 13, 2024
Business, Private

Cargill Revenue Down as Trader Struggles With Profit Targets

Cargill Inc. took a revenue hit of almost 10% in its most recent fiscal year, a decline that comes amid signs of profit struggles at the world’s biggest crop trader.

Tarso Veloso | Bloomberg News
August 13, 2024
Government, Business, Private

Kroger and Albertsons Spend More Than $800M on Merger Fees

Kroger Co. and Albertsons Cos. have spent more than $800 million on fees paid to lawyers, bankers and advisers for their proposed merger.

Leah Nylen and Jaewon Kang | Bloomberg News
August 13, 2024
Business, Private

Home Depot Trims Outlook for 2024

Home Depot’s Q2 sales rose slightly as the retailer benefited from an $18 billion acquisition this spring, but customers continued to rein in spending.

Michelle Chapman | Associated Press
August 13, 2024
Business, Logistics, Private, Global Freight

Amazon Tests Speedy Delivery Service Featuring Kia Souls

Amazon.com Inc. has deployed a new secret weapon in its same-day delivery operation: a convoy of Kia Souls.

Matt Day | Bloomberg News
August 8, 2024
Business, Technology, Fuel, Logistics, Private

Pipeline Firms in Talks With Data Centers About Gas Supply

Energy Transfer and Williams Cos. are talking to data center operators about building pipelines directly to their facilities to fuel on-site power plants as the centers prepare for a boom in AI.

Elizabeth Elkin | Bloomberg News
August 8, 2024
Business, Private

Fertilizer Giant Nutrien Names New CFO Amid Industry Swoon

Nutrien Ltd. named a new chief financial officer amid an industry downturn that has eroded the fertilizer giant’s profits.

Kim Chipman | Bloomberg News
August 7, 2024
Business, Logistics, Private, Global Freight

Amazon Reports Boost in Quarterly Profit to $13.5 Billion

Amazon reported a boost in its quarterly profits Aug. 1, but the company missed revenue estimates, sending stocks lower in after-hours trading.

Haleluya Hadero | Associated Press
August 1, 2024