With Safeway sold, probably in the fourth quarter, shareholders will get $40 a share, most of it in cash. The company Safeway will be sold to – AB Acquisition – operates Albertsons, ACME, Jewel-Osco, Lucky, Shaw's, and Star Market.
US stocks slid for a sixth day Thursday as concern spread that weaker global economic growth will hurt US corporate earnings. The Dow fell as much as 112 points in early trading. It recovered to turn briefly positive before closing with a loss of 31 points, or 0.3 percent, at 12,573.
Federal regulators say the filler, known in the industry as 'lean, finely textured beef,' meets food safety standards. But critics say the product could be unsafe and is an unappetizing example of industrialized food production.