Albertsons Companies Inc

Kroger could announce a deal to buy rival grocery company Albertsons this week, sources told CNBC's David Faber.Shares of Albertsons jumped and were briefly halted Thursday morning after news that two companies are deep in talks. The stock was up more than 11% in afternoon trading. Kroger rose modestly. The all-cash acquisition may be announced as soon as Friday morning, sources told Faber.Kroger is the largest supermarket operator in the country with about two dozen banners, including Fred Meyer, Ralphs, King Soopers,…

Revlon signage is seen on display in a Boots store in London, Britain, June 16, 2022.Hannah McKay | ReutersCheck out the companies making headlines in midday trading.Digital World Acquisition — The company planning to take Donald Trump's media company Truth Social public surged 14.6%, continuing its ascent on an announcement Wednesday that Google would allow the media company into its app store. The company was previously banned.Relmada Therapeutics — Shares of the biotech company plummeted 79.6% following an announcement…

Albertsons is deploying self-checkout grocery carts in some of its locations to try to make in-person shopping easier as consumers head back to brick-and-mortar stores.The carts are made by Veeve, a Seattle-based start-up founded by two former senior Amazon managers in 2018. Veeve is one of several companies developing smart grocery carts, which often use cameras and sensors to tally items as shoppers pick them off the shelves and place them in the cart, allowing shoppers to skip the checkout line.Amazon launched its own…

Online grocery delivery start-up Weee! encourages customers to share videos of recipes and favorite items on its app. It specializes in hard-to-find Asian foods, along with fruits, vegetables and other staples.Weee!Online grocery start-up Weee! specializes in hard-to-find foods from Asian and Hispanic cuisines. It nabbed another kind of rarity earlier this year: A big Hollywood name in its executive suite.The company hired Jon M. Chu, director of "Crazy Rich Asians" and the film adaptation of Lin-Manuel Miranda's "In the…