WASHINGTON (Reuters) – Skeptical lawmakers from across the political spectrum questioned executives at grocers Kroger Co and Albertsons Companies Inc on Tuesday about their planned $25 billion merger amid concerns the tie-up could boost already-high food prices. Senator Amy Klobuchar, a Democrat and chair of the Senate Judiciary Committee’s antitrust subcommittee, said she worried the…

WASHINGTON—Skeptical lawmakers from across the political spectrum questioned executives at grocers Kroger Co. and Albertsons Companies Inc. on Tuesday about their planned $25 billion merger amid concerns the tie-up could boost already-high food prices. Senator Amy Klobuchar, a Democrat and chair of the Senate Judiciary Committee’s antitrust subcommittee, said she worried the deal would mean…

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On March 16, 2008, Bear Stearns merged with JPMorgan Chase & Co. Where The Market Was The Dow finished the next day at 11,972.25. What Else Was Going On in The World? In 2008, U.S. property…

AT&T Inc. said on Tuesday it will spin off WarnerMedia in a $43 billion transaction to merge its media properties with Discovery Inc. and also cut its dividend by nearly half. AT&T shareholders will own 71 percent of the new Warner Bros. Discovery company and will receive a 0.24 shares of Warner Bros. Discovery for…

SEOUL, SOUTH KOREA—Samsung Electronics Co. Ltd. will merge its mobile and consumer electronics divisions, the firm said on Tuesday, naming new co-chief executives in the biggest reshuffle since 2017 to simplify its structure and focus on the logic chip business. Two co-chief executives, instead of three, will lead the South Korean firm as it pivots…

Corporate-transportation platform Gett is nearing a special-purpose acquisition company (SPAC) merger worth $1.1 billion with Rosecliff Acquisition Corp. I, the Wall Street Journal reports. Gett now aims to streamline the company’s ride-hailing, taxi, and limousine booking options worldwide into one platform to save customers time and money. It initially started as an Uber Technologies competitor….