Business News

Merger Monday

What is new is old again. Haggen will sell to Albertson's 29 "core stores," including the two in Bend. Haggen bought the stores from Albertsons just a year ago before going bankrupt in September. Haggen will seek approval to begin a going out of business sale for the 3 stores not included in the sale. (AP)
 
Another skirmish in the fast food breakfast wars. Taco Bell is expanding its breakfast menu, and most items will only cost $1. The announcement comes quickly after reports McDonald's is testing an expansion of its all-day breakfast menu. (CNBC)
 
An SEC filing reveals that part of executive compensation at Chipotle Mexican Grill will now be tied to the stock's performance. Chipotle has seen sales suffer after illness outbreaks at some restaurants late last year. (CNBC)
 
Starwood Hotels received an unsolicited takeover proposal from a consortium of companies, led by China's Anbang Insurance Group. The offer is worth $76 per share. Starwood recently accepted and still supports an offer by Marriott that appears to be better. (Reuters)
 

Oil is down $1.02 at $37.48 a barrel. Crude was up more than 7% last week. (Reuters)
 
Gold is down $5 at $1254 a Troy ounce.
 

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