Capital One-Discover merger deal termination fee set at $1.38 billion // Discover Financial Services or Capital One Financial will pay a termination fee of $1.38 billion if the merger of the firms falls through under any circumstance, a regulatory filing showed on Thursday.
UnitedHealth's Change Healthcare network hit by cybersecurity attack // UnitedHealth has identified a suspected nation-state associated cybersecurity threat actor had gained access to some of its unit Change Healthcare's information technology systems, the company said in a filing on Thursday.
P&G CEO would change debate from 'social justice to winning' to bolster diversity // Procter & Gamble CEO Jon Moeller told Wall Street analysts on Thursday that changing the dialogue to "winning" from "social justice" would be a more effective way to promote women and diverse people.
Nikola sets big delivery target after first revenue from hydrogen big rigs // Nikola set a target to deliver as many as 350 hydrogen-powered fuel cell electric trucks in 2024, after cost controls and its first revenue from the vehicles helped the startup post a smaller loss for the fourth quarter.
US lawmakers urge VW to exit Xinjiang operations // The chair of a U.S. House Committee on China and the top Democrat on the panel urged Volkswagen to halt operations in Xinjiang after thousands of vehicles with a small Chinese-made electronic component were held at U.S. ports.
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Brazil's Lula says Hyundai to invest $1.1 billion in Brazil // Automaker Hyundai Motor is planning to invest more than $1.1 billion in Brazil by 2032, Brazilian President Luiz Inacio Lula da Silva said on Thursday. The announcement came after a meeting between Lula and Hyundai's Executive Chair, Euisun Chung, in Brasilia.
Wall Street opens higher on Nvidia's big surge // The S&P 500 and Dow Jones Industrial Average both surged to record closing highs on Thursday, powered by investors piling into growth and technology stocks the day after artificial intelligence poster child Nvidia's bumper earnings and outlook.
US weekly jobless claims unexpectedly fall // The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting that job growth likely remained solid in February. Labor market resilience, which is underpinning the economy, reduces the urgency for the Federal Reserve to start cutting interest rates. Minutes of the U.S. central bank's Jan. 30-31 meeting published on Wednesday showed the majority of policymakers were concerned about the risks of cutting rates too soon, with broad uncertainty about how long borrowing costs should remain at their current level.
US farmers face harsh economics with record corn supplies in silos // Illinois farmer Dan Henebry regrets not selling more of his corn crop last summer, when the Midwest needed rain and prices were high. He is not alone. Farmers across the United States are kicking themselves for putting off corn sales after fields dried up in May and June, fueling expectations for higher prices and smaller harvests. Instead, prices tanked as rains saved the crop. The size and speed of the price collapse stung farmers and left their storage bins stuffed with record amounts of corn.
Cellular outage in US hits AT&T, T-Mobile and Verizon users, Downdetector shows // AT&T said it had restored wireless service for all affected customers, several hours after a cellular phone outage on Thursday disrupted calls and text messages for thousands of U.S. users, prompting an investigation by federal agencies.