Shareholders OK $10.9 Billion Deal Between Fifth Third, Comerica
Shareholders overwhelming approved the proposed $10.9 billion deal that brings Fifth Third and Comerica together.
Report: Spirit Talking to Frontier Group About Merger
Bankrupt Spirit Aviation Holdings Inc. is talking to Frontier Group Holdings about a merger, people familiar with the matter told Bloomberg.
A transaction could be announced as...
European Movie Group Acquires Emagine Chain
Kinepolis has agreed to acquire U.S.-based Emagine Entertainment, including the nine theaters Emagine operates regionally.
Warner Bros. Discovery Considering Sale Options
NEW YORK (PRNewswire) — While Warner Bros. Discovery continues to advance its previously announced separation of Warner Bros. and Discovery Global, its Board of Directors this...
Powell Indicates Two More Rate Cuts Could Happen This Year
Coming off of a cut in the Federal Reserve’s key interest rate in September, Fed chair Jerome Powell is hinting more are coming.
A slowdown...
Fifth Third Bank Acquires Comerica in $10.9 Billion Deal
Fifth Third Bank announced it has entered into a merger agreement with Comerica in a deal valued at $10.9 billion.
NVIDIA, Intel to Develop AI Infrastructure, Personal Computing Products
NVIDIA and Intel Corporation announced a collaboration to jointly develop multiple generations of custom data center and PC products that accelerate applications and workloads...
Fed Ducks Pressure, Holds Interest Rate Steady
Despite heavy pressure from the White House, Federal Reserve officials decided against a rate cut at its Wednesday meeting.
Union Pacific, Norfolk Southern Talk Rail Merger
Union Pacific Corporation and Norfolk Southern Corporation confirmed that the companies are engaged in advanced discussions regarding a potential business combination.
In a statement posted...
New Home Sales See Slight Rebound, But Housing Market in a Funk
New home sales likely rebounded slightly in June from depressed levels in May, while existing home sales likely fell. The housing market is in...
Inflation Up Less Than Expected in June, Still Up Year-Over-Year
The Consumer Price Index rose 0.3% in June, matching the consensus forecast. Energy rose 0.9% after falling 1.0% in May. The short-lived Israel-Iran War...
WeightWatchers Files for Bankruptcy Protection
NEW YORK (Globe Newswire) – WW International, Inc., the global leader in science-backed weight management, and certain of its affiliates announced it will implement...
Feds Approve Capital One Acquisition of Discover
MCLEAN, Va., and RIVERWOODS, Ill. – Capital One Financial Corporation and Discover Financial Services announced that the Board of Governors of the Federal Reserve...
Publishers Clearing House Files For Bankruptcy Protection
The commercials have been around seemingly forever.
A Pubishers Clearing House “Prize Patrol” team shows up at someone’s front door with a big check and...
DNA Testing Firm 23andMe Files for Bankruptcy
SAN FRANCISCO (Globe Newswire) — 23andMe Holding Co., a leading human genetics and biotechnology company, announced that it has initiated voluntary Chapter 11 proceedings...
Crypto Gaining in Popularity, But Also Carries Challenges
As cryptocurrency gains in popularity, businesses are trying to figure out how best to use it.
PepsiCo Buying Poppi in $1.65 Billion Deal
PURCHASE, N.Y. and AUSTIN, Texas (PRNewswire) — PepsiCo, Inc. announced that it has entered into a definitive agreement to acquire poppi, a fast-growing prebiotic soda brand,...
Fed Holds Interest Rates Steady, Awaiting Tariff Impacts
As they wait to see the impact of tariffs on the U.S. economy, the Federal Reserve opted to leave interest rates right where they are.
Stock Market Reacts to U.S. Tariffs on Mexico, Canada, China
Tariffs imposed by President Donald Trump on Canada, China and Mexico will have a notable impact on the stock market if they remain in...
U.S. Economy Grew 2.3% in 4th Quarter, 2.8% for the Year
The American economy appears to be humming along.
According to statistics released by the Commerce Department Thursday, the economy expanded at a 2.3% annual rate...
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Trump Touts Economy, Tariff Success
President Donald Trump said Tuesday that Michigan residents are already realizing success from his economic policies.
IRS Layoffs, ‘Big Beautiful Bill’ Provisions Could Hamper Tax Season
Far fewer IRS employees. New provisions in the tax code required by last year’s Big, Beautiful Bill Act. More than 160 million taxpayers filing...
GM Leads U.S. Industry, 2025 Sales Up 6%
General Motors led the U.S. auto industry in sales in 2025, reporting a 6% increase for the full year, with growth across multiple areas...
Truck, Hybrid Demand Lead Ford’s Highest Sales Year of the Decade
Ford's market share increased by 0.6 percentage points for the year and 0.9 percentage points for the quarter, reaching 13.2% annual share, driven by...
Unemployment Claims Rise Slightly
The labor market may be weakening, but it’s not showing up in the numbers of unemployment applications.
U.S. filings for jobless benefits rose in the...