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Tag Archives: kroger

Safeway adopts poison pill after big stock buys

NEW YORK — Safeway adopted a plan to prevent a hostile takeover after learning of a significant accumulation of its stock by an unknown investor. The announcement Tuesday sent shares of the grocer spiking 8 percent to a five-year high. ...

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Kroger adds Harris Teeter to supermarket network

NEW YORK — Kroger, already the country’s largest traditional supermarket operator, is expanding its reach in key southeastern and mid-Atlantic states by snapping up regional grocer Harris Teeter Supermarkets Inc. The $2.44 billion cash deal reflects Kroger’s growth plans at ...

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Retailers accuse Pfizer of delaying generic drugs

TRENTON, N.J. — Five large drug and grocery chains are suing Pfizer Inc. and a second drugmaker, alleging they conspired to delay sales of cheap generic versions of the blockbuster cholesterol drug Lipitor. Lipitor, the world’s top-selling drug ever, had ...

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Supermarkets start bagging self-serve checkouts

MANCHESTER, Conn. — When Keith Wearne goes grocery shopping, checking out with a cashier is worth the few extra moments, rather than risking that a self-serve machine might go awry and delay him even more. Most shoppers side with Wearne, ...

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