Stocks staged a mixed finish Friday, with the S&P 500 not far from its record high.» Read More
Private equity firm Cerberus Capital Management on Thursday confirmed a deal purchase grocery store chain Safeway for more than $9 billion.
March 6- Safeway Inc, the second-largest U.S. mainstream grocery store operator, said private equity firm Cerberus Capital Management would acquire the company in a deal valued at about $9.4 billion.
Cerberus plans to take over Safeway for a total value of about $40 per share, reports CNBC's Dominic Chu.
Kroger rose $1.29 or 3.0 percent, to $43.68. Safeway rose$. 83 or 2.1 percent, to $39.48. Supervalu fell$. 07 or 1.0 percent, to $6.86.
Kroger rose$. 40 or 1.0 percent, to $42.39. Safeway rose$. 63 or 1.7 percent, to $38.65. Supervalu rose$. 33 or 5.0 percent, to $6.93.
Kroger rose$. 52 or 1.2 percent, to $42.51. Safeway rose$. 14 or. 4 percent, to $38.16. Supervalu rose$. 19 or 2.9 percent, to $6.79.
Kroger rose$. 05 or. 1 percent, to $41.99. Safeway rose$. 57 or 1.5 percent, to $38.02. Supervalu rose$. 13 or 2.0 percent, to $6.60.
*G Asset Management offers to buy stake in Barnes& Noble or Nook. *Groupon shares drop after company forecasts loss. NEW YORK, Feb 21- U.S. stocks slipped on Friday on options-related trading, with the S&P 500 facing resistance as it flirts with its record high even as economic data continues to underwhelm.
Ssome of Friday's midday movers:
Feb 20- The struggles of the low-income U.S. consumer are playing out in Wal-Mart Stores Inc's grocery aisles. Wal-Mart shares fell 2.2 percent in morning trading. To combat sluggish sales, broaden its customer base and fend off aggressive rivals, Wal-Mart said it was doubling the number of smaller new stores it originally planned to open this year.
Take a look at some of Thursday's midday movers:
*Tesla shares soar after results, Wal-Mart falls. *Facebook shares drop; will buy WhatsApp for $19 bln. NEW YORK, Feb 20- U.S. stocks edged higher in volatile trading on Thursday, as a strong read on manufacturing offset weak results from Wal-Mart and geopolitical and economic uncertainty around the world.
Wal-Mart forecast a lower full-year profit than analysts expect, as fewer food stamps, higher taxes and tighter credit erode its sales.
Feb 20- Wal-Mart Stores Inc forecast a lower full-year profit than analysts expect, as fewer food stamps, higher taxes and tighter credit erode its sales, news that sent its shares down 1 percent in premarket trading on Thursday.
Some of the names on the move ahead of the open.
The second-largest U.S. mainstream grocery store operator, said on Wednesday it is in talks about a possible sale of the company.
*Facebook shares fall after the bell on purchase of WhatsApp. NEW YORK, Feb 19- U.S. stocks slid on Wednesday in a late selloff after minutes of the U.S. "I think the rally that we've seen off the 1,750 low was largely driven by the sense the Fed is going to slow down their retracement if it's necessary," said Uri Landesman, president of Platinum Partners in New York.
NEW YORK, Feb 19- U.S. stocks slid on Wednesday in a late selloff after minutes of the U.S.
NEW YORK, Feb 19- Safeway Inc, the second-largest U.S. mainstream grocery store operator, said on Wednesday it is in talks about a possible sale of the company. A handful of buyout firms, including Cerberus Capital Management LP, have been exploring a deal for all or part of Safeway, Reuters reported in October.
Check out which companies are making headlines after the bell Wednesday.