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*Cerberus group to bid for 30 percent of Supervalu shares. Jan 10- Supervalu Inc, the No. 3 U.S. grocery store operator, struck a deal to sell five of its retail grocery chains to an investor group led by Cerberus Capital Management LP, the company said on Thursday.
Flowers Foods and Grupo Bimbo are circling Hostess assets, according to sources. As many as six separate, binding bids—so-called "stalking horse" bids—for various Hostess units could be announced by the end of this week, these people said.
Stocks ended in negative territory Thursday, with the S&P 500 snapping a six-day win streak, as ongoing jitters over the "fiscal cliff" negotiations kept investors nervous.
NEW YORK, Dec 13- Stock exchange operator Nasdaq OMX is cancelling a series of premarket trades that resulted in wild price swings in a number of stocks on Thursday, including Citigroup and Hewlett-Packard, the exchange said in a statement. "We have no comment further than our ruling," said Robert Madden, a Nasdaq OMX spokesman.
Nov 29- No. 1 U.S. supermarket operator Kroger Co reported better-than-expected quarterly profit on Thursday as easing food prices prompted more shopper purchases and raised its full-year earnings forecast. Shares of Kroger closed up 4.7 percent at $26.25 on the New York Stock Exchange.
Take a look at some of Thursday's midday movers:
Nov 29- No. 1 U.S. supermarket operator Kroger Co reported higher quarterly profit on Thursday as easing food prices prompted more shopper purchases and raised its full-year earnings forecast. Shares of Kroger rose 3.8 percent to $26 in mid-day trading on the New York Stock Exchange.
NEW YORK, Nov 29- U.S. stocks rose in early trading on Thursday on optimism that Congress was progressing toward a fiscal agreement in Washington that would avert a possible recession. Market participants are focused on discussions in Congress over avoiding big spending cuts and tax hikes, known as the "fiscal cliff," beginning in January.
Nov 29- No. 1 U.S. supermarket operator Kroger Co on Thursday reported higher quarterly profit as easing food prices prompted shoppers to increase purchases and raised its full-year earnings forecast. Shares of Kroger rose 3.4 percent to $25.90.
NEW YORK, Nov 29- U.S. stocks were set to extend gains at the open on Thursday, following a rally Wednesday, on expectations of progress toward a fiscal agreement in Washington that would avert a recession.
Nov 29- Kroger Co, the biggest U.S. supermarket operator, reported a higher quarterly profit and raised its full-year earnings forecast on Thursday. Shares of Kroger rose 4.7 percent to $26.25 in premarket trading.
NEW YORK, Nov 29- U.S. stock index futures rose on Thursday, building on the previous session's steep gains, on expectations of progress toward a fiscal agreement in Washington that would avert an economic meltdown.
NEW YORK, Nov 29- U.S. stock index futures advanced on Thursday, building on the previous session's steep gains, on expectations of progress toward reaching a fiscal agreement in Washington.
Supermarkets largely have all been living in a house of pain, said Jim Cramer. However, one company is executing much better than the others.
There are 38 companies in the S&P 500 index that have not moved more than 2 percent positive or negative year-to-date.
Oct 30- U.S. buyout firm Cerberus Capital Management LP is working with a group of real estate firms on a possible bid for supermarket chain Supervalu Inc, the Wall Street Journal reported on Monday, citing people familiar with the matter.
U.S. meteorologists expect a natural horror show of high wind, heavy rain, extreme tides and maybe snow to the west beginning early Sunday, peaking with the arrival of Hurricane Sandy on Tuesday and lingering past Halloween on Wednesday.
NEW YORK-- Fitch Ratings lowered its outlook on Safeway Inc. to negative on Friday, citing the supermarket chain's weak sales and shrinking market share. The rating agency kept its "BBB-" long-term issuer default rating on Safeway, the country's second-largest traditional grocery chain.
David Dillon, The Kroger Co. chairman & CEO, outlines the company's expansion plans coming off the analysts' call.
ATTENTION SHOPPERS: Kroger Co. is forecasting stronger growth in the years ahead, as company executives outlined plans to expand into new and existing markets, as well as grow the core business. CASHING IN: The Cincinnati- based company now expects earnings per share to grow 8 to 11 percent, up from the previous forecast of 6 to 8 percent.