October 11, 2013 at 17:36 PM EDT
Safeway To Exit Chicago Market

Safeway Inc. (NYSE: SWY) reported lower third quarter earnings of 27 cents per share from 66 cents per share in the year ago period but the grocery store operator announced plans to exit the Chicago market which will yield a tax benefit between $400 million to $450 million. The stock price soared $2.18 to close at $33.75.



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