Tag: grocery

King County Court in Washington Blocks Albertsons $4B Dividend Payment

The Center Square

King County Superior Court Commissioner Henry Judson approved a motion granting a temporary restraining order blocking Albertsons from making a $4 billion dividend payment to investors as part of a planned nearly $25 billion merger with the Kroger Company.

Washington State Attorney General Bob Ferguson sued on Tuesday to stop the payment – which was scheduled for Nov. 7 – while Albertsons’ merger with Kroger is under review. In the lawsuit, Ferguson claims the payout could jeopardize the grocery giant’s ability to do business and imperil jobs.

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Military Subsidizes Service Members’ Grocery Bills amid Higher Prices

Admin

The U.S. Department of Defense is taking new measures to help U.S. service members deal with rising costs as inflation continues to put the pressure on Americans.

Air Force Brigadier General Pat Ryder laid out a series of changes from Defense Secretary Lloyd Austin to help families deal with the recent rise in costs, particularly in food, housing and childcare.

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As Food Prices Soar with No End in Sight, Americans Change Habits

The Center Square

Americans are changing their shopping habits because of soaring food prices. And disruptions in the international farming community have some worried about the food supply heading into 2023.

The BMO Real Financial Progress Index, a quarterly survey from BMO and Ipsos, shows that 42% of surveyed adults “are changing how they shop for groceries,” including “opting for cheaper items, avoiding brand names and buying only the essentials.”

The report found “46% are either dining out less or consciously spending less when dining out.”

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