NEWS1

Wall St rises after CPI data but Fed concerns persist

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Consumer prices rise moderately in November Growth, real estate stocks climb as yields fall Modern surges on upbeat trial data Dow up 0.3%, S&P 500 up 0.73%, Nasdaq up 1.01% NEW YORK, Dec 13 (Reuters) – US stocks rose on Tuesday after an unexpectedly small consumer price increase buoyed optimism that the Federal Reserve could … Read more

US grocer Kroger carts away Albertsons for $25 bln but faces antitrust test

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Oct 14 (Reuters) – Kroger Co (KR.N) snapped up Albertsons Cos Inc (ACI.N) in a $25 billion deal on Friday, creating a US grocery behemoth to better compete with leader Walmart Inc (WMT.N) on prices while bracing for potential antitrust roadblocks. The mega merger between the No. 1 and 2 standalone grocers in the United … Read more