Topic: Scott Mushkin
Kroger buys Harris Teeter, combining two of the larger food retailers in the United States. Kroger buying Harris Teeter means the Ohio-based super market chain can gain a foothold in the southeastern US.
Stocks fell Monday with the S&P 500 dropping 4.58 points to close at 1,461.89. Bank stocks ended the day little changed.
Kraft spinoff of its global snack operation will mean that brands including Oreo and Nabisco will be under a new label called Mondelez International Inc. The North American grocery division will carry the Kraft name after the Kraft spinoff and include Velveeta, Miracle Whip and Oscar Mayer.