Economic Slowdown

Layoffs to Follow Dynegy-Vistra Energy Merger: Texas Power Market Continues to Suffer Due to Low Electricity Prices

Vistra Energy Corp. (NASDAQ:VST) announced it is acquiring Dynegy Inc (NYSE:DYN) in an all-stock deal valued at $1.74 billion. Debt-laden Dynegy has seen its margins shrink in the face of cheaper electricity prices.  The merger of the two Texas-based energy producers will create one of the largest integrated power companies in the U.S., with a (more…)

Kroger to Sell Almost 800 Convenience Stores as Grocery War Heats Up with Amazon, Walmart

Einkaufswagen im Supermarkt

Kroger Co (NYSE:KR) said at its annual investor conference that it is looking at selling off its gas station convenience store business, including KwikShop, Loaf’N Jug, and Turkey Hill Minit Markets. The supermarket giant has been facing increased competition from Wal-Mart Stores Inc (NYSE:WMT), Amazon.com, Inc. (NASDAQ:AMZN), and Costco Wholesale Corporation (NASDAQ:COST) and is hoping (more…)