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Rite Aid, Albertsons -- With $83 Billion In Revenue -- To Merge

Rite Aid, Albertsons -- With $83 Billion In Revenue -- To Merge

Supermarket giant Albertsons said Tuesday, Feb. 20 that it plans to buy the remnants of the struggling Rite Aid drugstore chain, according to multiple news reports.

But this report by Fortune said Albertsons might be buying a lemon in Rite Aid. 

Albertsons is touting a better ability to serve pharm...

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Business 1

Amazon Breaks Ground On $255 Million Warehouse In Connecticut

Amazon Breaks Ground On  $255 Million Warehouse In Connecticut

Construction crews have broken ground for the next home of Amazon’s warehouse on Washington Avenue in North Haven. The $255 million project is expected to be completed by June 2019. The w...

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Business

J.C. Penney To Close More Stores, Lay Off Hundreds Of Employees

J.C. Penney To Close More Stores, Lay Off Hundreds Of Employees

J.C. Penney says it will close eight stores in 2018, resulting in 480 job cuts. This comes after the department store chain shuttered 140 stores in 2017. The eight stores scheduled for cl...

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Business

Westchester-Based PepsiCo Cuts Jobs After Flat Sales

Westchester-Based PepsiCo Cuts Jobs After Flat Sales

Westchester-based PepsiCo reported flat sales in the closing months of 2017 and announced on Tuesday that it will cut jobs while offering bonuses of up to $1,000. The layoffs will affect ...

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Business

Hiring: Google To Add Thousands Of Employees Throughout Country

Hiring: Google To Add Thousands Of Employees Throughout Country

Google is about to start a hiring spree. The tech giant said on an earnings call last week that it's planning to add thousands of new employees throughout the nation in either expanded or...

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