Cerberus Capital Management LP's $9 billion deal to merge Safeway Inc. (SWY) with Albertsons is a bet that a larger supermarket chain can better fend off an attack on the grocery business by big-box stores and online retailers.
The S&P 500 jumped to a new record high ahead of the February US jobs report, but caution remained amid rising tensions over Ukraine.
The experts who keep track of store openings and closings have been forecasting for more than a decade that the day was coming when American retailers would have to pay for building far too many stores.
Workers inspect bare metal bodies on the production line at the Chrysler Toledo Assembly Plant in Ohio on Feb. 28, 2014. Photographer: Ty Wright/Bloomberg.
Few uninsured Americans are gaining coverage under Obamacare, though the number has been growing recently. More from KSPR.com. Alleged Bitcoin creator pursued in L.A.