DENVER – A total of 91 Safeway locations in Colorado will be sold to C&S Wholesale Grocers under a new deal in the ongoing saga of the proposed merger of Kroger and Albertsons. The companies announced the updated divestiture plan Monday in their latest effort to address federal government concerns about the plan to combine … Read more
Brightline West, a future electric high-speed rail line between Las Vegas and Los Angeles, launched today in Nevada. On December 6, 2023, Electricity reported that the Biden administration has awarded Brightline West $3 billion in funding. The money was part of the $6 billion previously earmarked for high-speed rail, and came from the Biden administration’s … Read more
An Express store promotes big sales at Valley West Mall in Iowa, in January 2020. Andrew Harnik/AP hide caption change caption Andrew Harnik/AP An Express store promotes big sales at Valley West Mall in Iowa, in January 2020. Andrew Harnik/AP Clothing store Express, a longtime mainstay of U.S. malls, has filed for bankruptcy protection, closing … Read more
GALLATIN, Tenn. (AP) — Tennessee’s Republican Governor Bill Lee said Monday he thinks workers at a Volkswagen plant in Chattanooga made a mistake by voting in favor unions under the United Auto Workers in a landslide elections but recognized that the choice was ultimately theirs. Before the vote, Lee and five other southern Republican governors … Read more
Welcome to “Epoch V” of Bitcoin. On April 20, Bitcoin underwent its fourth successful halving, the programmed cut in the amount of new bitcoin (BTC) that enters circulation through mining. While the event itself is a bit of a barn burner – a moment for people around the world to celebrate virtually and in person … Read more
Stock markets have recovered from their recent slump on Monday. But bearish strategists on Wall Street still see significant concerns that won’t go away anytime soon for stock investors. With Federal Reserve expectations for rate cuts fading, signs of inflation remaining persistent and stocks still trading at above-average valuations, many believe the market is in … Read more
The Federal Trade Commission today filed a lawsuit challenging Tapestry, Inc.’s $8.5 billion acquisition of Capri Holdings Limited. block, a deal that aims to combine three close competitors: Tapestry’s Coach and Kate Spade brands and Capri’s Michael Kors brand. If allowed, the deal would eliminate direct head-to-head competition between the Tapestry and Capri brands. It … Read more