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Supervalu shares slump over clouded future

By Anne D'innocenzio
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NEW YORK (AP) — The future of supermarket chain Supervalu is becoming cloudier.

The retailer’s shares lost almost half their value on Thursday, the day after the company, which owns the Albertsons, Jewel-Osco, Save-A-Lot and other grocery chains, reported dismal first-quarter results, suspended its dividend and announced plans to potentially put itself up for sale.

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