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Private equity firm Cerberus Capital Management on Thursday confirmed a deal purchase grocery store chain Safeway for more than $9 billion.
Cerberus plans to take over Safeway for a total value of about $40 per share, reports CNBC's Dominic Chu.
Ssome of Friday's midday movers:
Take a look at some of Thursday's midday movers:
Wal-Mart forecast a lower full-year profit than analysts expect, as fewer food stamps, higher taxes and tighter credit erode its sales.
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.
Check out which companies are making headlines after the bell Wednesday.
CNBC's David Faber reports Safeway is expected to discuss its openness to explore alternatives in its conference call and has had conversations with private equity firms.
Customer satisfaction with online shopping slipped 4.9 percent to a benchmark of 78, the lowest score since 2001.
Some of Tuesday's midday movers:
Amazon just won its first union vote. Now, it would be wise to make some serious adjustments. Here's Jon Fortt's take.
Buoyed by the recent $600 million acquisition of Earthbound Farm, WhiteWave Foods represents a hot play in a hot sector, CNBC's Jim Cramer said.
U.S. stocks fell on Thursday after data had the economy growing more rapidly than expected.
Stocks are at record highs and Wall Street is getting feverishly bullish. What could possibly go wrong?
Stocks finished lower Wednesday, with the S&P 500 snapping a four-day streak of record highs, following weakness in global equities and a mixed bag of earnings reports.
Take a look at some of Wednesday's midday movers:
U.S. stock index futures signaled a sharply lower open Wednesday, amid worries over financial conditions in China and as investors digested a mixed bag of corporate earnings.
Cerberus and others are exploring a deal for Safeway, which could potentially shape up to be one of the largest buyouts since the financial crisis.
Take a look at some of Friday's midday movers: