Susan Morris seeks to cut costs and hold down prices after a court blocked the supermarket chains’ megamerger.

Its planned merger with Kroger over, Boise’s Albertsons supermarket chain is getting a new CEO. Vivek Sankaran, who has run the nation’s second-largest traditional grocery company since ...

Combined, Kroger and Albertsons would control around 13%. "We know that pricing is going to continue to go down," McMullen said. His statements and the upcoming testimony of Albertsons CEO Vivek ...

Now, Kroger says it was Albertsons that breached the terms of the merger agreement. Kroger said in a news release Tuesday that Susan Morris, the soon-to-be CEO of Albertsons, had “secretly ...

The largest proposed merger in US supermarket history has collapsed. Grocery chain Albertsons called off its $25 billion merger with Kroger Wednesday, a day after a federal judge blocked the deal.

Albertsons says Kroger is the key to its survival. Government attorneys aren’t buying it. In federal court Wednesday, Albertsons Chief Executive Vivek Sankaran said that the supermarket chain ...

Vivek Sankaran CEO at Albertsons Companies, speaks during a Senate Judiciary Subcommittee on Competition Policy, Antitrust, and Consumer Rights hearing on the proposed Kroger-Albertsons grocery ...

If the merger with Kroger doesn’t go through, the CEO of Albertsons Cos. Inc. said in court Wednesday that his company might have to consider layoffs and leave certain markets to remain ...

NET INCOME: Wall Street projects the Cincinnati company to report $964.2 million in net income, compared with net income of $947 million a year earlier. ADJUSTED EARNINGS: Stripping out certain ...

Kroger CEO Rodney McMullen and Albertsons CEO Vivek Sankaran appeared in Oregon’s U.S. District Court to testify against the Federal Trade Commission’s attempt to block the proposed merger of ...