Wall Street skeptical as Kroger promises to slash grocery prices by $1B after Albertsons merger

Grocery giant Kroger pledged to slash prices at Albertsons stores by $1 billion following its proposed acquisition of the rival chain — but Wall Street is increasingly skeptical the deal will win government approval as food inflation continues to roil US politics.Kroger is raising the stakes of the $25 billion mega-deal since previously promising to lower prices by $500 million across Albertsons stores — a concession meant to soothe antitrust concerns that the tie-up will create a monopoly that can hike pri ...