Kroger to slash grocery prices by B after Albertsons acquisition
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Kroger to slash grocery prices by $1B after Albertsons acquisition

ByNews Polite

Grocery giant Kroger pledged to slash prices at Albertsons stores by $1 billion following its proposed acquisition of the rival chain — but Wall Street is increasingly skeptical the deal will win government approval as food inflation continues to roil US politics. Kroger is raising the stakes of the $25…

Credit Suisse, UBS shares drop after Swiss probe into merger
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Credit Suisse, UBS shares drop after Swiss probe into merger

ByNews Polite

Credit Suisse and UBS shares fell on Monday after Switzerland’s federal prosecutor opened an investigation into the emergency merger of the two lenders. The office of the attorney general said on Sunday that the prosecutor opened an investigation into the state-backed takeover of Credit Suisse by UBS Group last month, looking into potential breaches of the country’s criminal law by…

Spirit Airlines shareholders approve .8B merger with JetBlue
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Spirit Airlines shareholders approve $3.8B merger with JetBlue

ByNews Polite

Spirit Airlines shareholders voted Wednesday to accept a $3.8 billion buyout from JetBlue Airways, but the deal could still face a challenge from federal antitrust regulators. JetBlue emerged as the winner in a bidding war with Frontier to acquire Spirit, the nation’s biggest budget airline. Spirit announced the outcome after…