First Line News Articles for Wednesday, February 21 2018
Applebee’s isn’t quite done closing restaurants on its way to becoming what it hopes will be a better performing company.
U.S. grocer Albertsons Cos Inc said it would buy drug store chain Rite Aid Corp (RAD.N) to create a company with $83 billion in annual revenue, giving it more clout to compete with bigger chains in an industry fearing the entry of Amazon.Com (AMZN.O).
Despite pressure to make inroads against Amazon, Walmart released figures Tuesday that show its online sales gains are slipping – and investors punished the chain as a result.
A federal judge blocked AT&T’s ability to obtain communication logs between the Justice Department and the White House on Tuesday, hampering the phone giant’s argument that politics played a role in the government’s decision to halt a merger with Time Warner.