Safeway News

SWY has been the subject of a number of other recent research reports. Analysts at TheStreet reiterated a buy rating on shares of Safeway in a research note to investors on Monday, June 10th.

Shares of Safeway traded down 1.85% during mid-day trading on Thursday, hitting $24.36.

Empire Co. announced it was purchasing Safeway Inc.'s Canadian assets for $5.7 billion, following which shares of the company surged 7.4% Gannett Co., Inc. revealed its intentions of buying Belo Corp for $1.5 billion.

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Gannett Co. Inc. has agreed to acquire television station owner and operator Belo Corp. for $13.75 per share in cash .

Shares of Empire Co. and Safeway Inc. were up sharply in early trading following news that Empire's Sobeys grocery chain will buy more than 200 Safeway stores in western Canada for $5.8 billion cash.

JP Morgan Cazenove's price target would indicate a potential upside of 12.81% from the stock's previous close.

Guggenheim's price objective would indicate a potential upside of 20.87% from the stock's previous close.

Safeway Inc. bull gapped this morning on news that it had sold its Canadian operations .

Midway through trading Thursday, the Dow traded up 0.33 percent to 15,044.65 while the NASDAQ gained 0.35 percent to 3,412.30.

Stocks firmed up moderate gains near midday Thursday, as losses narrowed in Europe and most of the big, early gains by U.S. issues stood their ground.

Top Stories Great global sell-off continues. The Nikkei has taken another thrashing, plunging 6.4% to 12,445.38 as uncertainty about the Fed's QE program continues to grip global markets.

Safeway Inc, DRDGOLD, Men's Wearhouse, Research In Motion, Vanda Pharmaceuticals, J.C. Penney, QUALCOMM Inc and Siemens AG are among the companies whose shares are moving in pre-market trading on Thursday.

The Deal : Safeway announced Wednesday that it has entered into an agreement to sell its Canadian operations to Sobeys for C$5.8 billion in cash, plus the assumption of certain liabilities.

After the close Wednesday, Safeway , the food and drug retailer, announced that it has agreed to sell its Canadian business in order to pay down debt and buy back stock.

Empire Company Limited and its wholly-owned subsidiary, Sobeys Inc. , have announced that Sobeys has reached a definitive agreement with Safeway Inc. to acquire substantially all of the assets of Canada Safeway Limited for a cash purchase price of Cdn.

Safeway today announced that it has entered into an agreement to sell its Canadian operations through a sale of the net assets of Canada Safeway Limited to Sobeys Inc., a Canadian food retailer and wholly-owned subsidiary of Empire Company Limited, for C$5.8 billion in cash , plus the assumption of certain liabilities.

's stock had its "buy" rating restated by stock analysts at TheStreet in a report issued on Monday, Stock Ratings Network.com reports.

San Diego, CA /PRNewswire/ - Oberon Fuels , the first company to bring dimethyl ether , a clean burning diesel alternative to market, has received a $500,000 grant from the San Joaquin Valley Air Pollution Control District to produce fuel-grade DME at its facilities in .