Competition between Whole Foods Market and Wild Oats Markets had led to lower profit margins, an economist told a U.S. federal judge Tuesday who is weighing whether to block a merger of the organic grocers.
At this point, most every business observer seems familiar with the anonymous Web antics of Whole Foods Market CEO John Mackey. While corporate-law experts debate the legality of his acts, investors are asking what it all means for the company's value. Andrew Wilkinson, senior market analyst at Interactive Brokers, joined "Power Lunch" to offer the options market's view of Whole Foods.
The chief executive of Whole Foods Market posted messages on a Yahoo! chat forum under an alias for years, talking up his own company while predicting a bleak future for Wild Oats Markets, the rival it has since sought to acquire.
The chief executive of Whole Foods Market told his board that if Whole Foods bought its leading rival, the company would "eliminate forever" the possibility that anyone else could create a nationwide competitor in the natural and organic grocery business, government lawyers say.
Federal antitrust regulators have cleared Cerberus Capital Management's $7 billion purchase of Chrysler, people close to the deal said.
The U.S. Supreme Court ruled that a class-action lawsuit against Philip Morris USA, a unit of Altria Group, should not be decided in federal court, handing a defeat to the tobacco company.
Wild Oats Markets said that the U.S. Federal Trade Commission will file a lawsuit to block its acquisition by Whole Foods Market and that the companies will challenge the opposition.
Another day, another spate of Google headlines. Read them, and go no further and it looks as if this company is under attack from all sides: The Federal Trade Commission opens an anti-trust investigation; the company's multi-million investment in co-founder Sergey Brin's new wife's biotech start-up is raising hackles. Oh the horror!
The Federal Trade Commission has opened an antitrust investigation into Google's proposed $3.1 billion purchase of ad-management technology company DoubleClick.
The U.S. House of Representatives passed a bill Wednesday to charge firms and individuals fines and criminal penalties for so-called gasoline price-gouging. On “Power Lunch,” experts debated the bill's benefits to and impact on consumers.
With gasoline prices at record levels, the debate has intensified over whether gasoline companies are gouging customers at the pump or simply responding to supply and demand. “We don’t know if price gouging is occurring at the pumps as of right now," Rep. Heather Wilson, (NM-R) said on "Morning Call. "The Federal Trade Commission has no authority to investigate price gouging."
Greg Tuza looked around his ACC Conference Store in Greensboro on Friday morning and responded to a caller who asked what he had left of Virginia Tech items. "No polos. Nope. No logo pins. No face tattoos. No, no decals. We won't have hats for two weeks." Pretty much all that was left in his ransacked store was Virginia Tech golf towels and baby rattles. There were 394 Hokies t-shirts in his shop yesterday. All gone.
Federal antitrust regulators have approved Coca-Cola's purchase of juice and tea maker Fuze Beverage, according to a notice issued by the Federal Trade Commission Monday.
Anna Nicole Smith's estate has attracted a small crowd of suitors, with millions of dollars possibly at stake.
Rite Aid shareholders overwhelmingly approved a nearly $3 billion deal to buy more than 1,800 Brooks and Eckerd stores and become the largest drugstore operator on the East Coast.