Nippon Steel and US Steel sue Biden administration over blocked merger
U.S. Steel and Japanese steelmaker Nippon Steel filed a lawsuit against the U.S. government on Monday in a last-ditch effort to move forward with integration, but President Biden blocked the lawsuit on Friday, citing national security concerns. A new lawsuit accuses Biden of intervening in the merger review process for political gain and trying to […]
Paramount, Skydance hit back at critics of their pending merger
Paramount Global and Skydance Media said in a regulatory filing Thursday that the companies have not shown that they would be adversely affected by the merger, but rather that the request threatens free speech and that the pending He fired back at those who criticized the merger. Since the $8 billion deal was announced in […]
Honda and Nissan on the brink of a MASSIVE merger?
Two major Japanese companies are partnering up. This partnership could ultimately have a Godzilla-sized impact on the auto industry. Honda and Nissan, Japan's second and third largest automakers, respectively, have signed a memorandum of understanding to begin exploring a strategic partnership in the areas of vehicle electrification and intelligence. Last year, Honda sold 3.98 million […]
Nissan, Honda announce plans to consider merger
Automotive expert Mike Caudill joins Kabuto: Coast to Coast to discuss the potential Honda-Nissan merger and how it could impact the brand. Masu. Japanese automakers Nissan and Honda have agreed to consider a merger and form a joint holding company to create the world's third-largest automaker. The companies said in a statement Monday that they […]
What a Honda-Nissan merger could mean for the auto industry and consumers
Automotive expert Mike Caudill appeared on “The Big Money Show” to give his thoughts on why automakers are slowing production of electric vehicles. Honda and Nissan are reportedly considering a possible merger, and while speculation is rife about what that potential move could mean, experts say rumors of a partnership are not surprising. states. News […]
European stocks rise; Renault up 6% after reports of Nissan-Honda merger talks – CNBC
Economists predict market instability in 2025 Sylvain Breuer, chief EMEA economist at S&P Global Ratings, said in a note to clients on Wednesday that investors should prepare for a challenging trading environment next year. “We expect European economies and markets to be subject to high volatility over the next 12 months, between a possible correction […]
Honda, Nissan plan to start merger talks in light of EV competition
According to Japanese media, Honda and Nissan Motors are in the process of merging and are reportedly planning to begin negotiations soon. The news, first reported by the Nikkei newspaper on Tuesday, comes as both auto giants struggle to compete with the world's biggest electric vehicle (EV) makers, including Tesla Inc. and Chinese automaker BYD. […]
Albertsons sues Kroger, terminates massive grocery merger
Albertsons sued Kroger after a U.S. judge blocked the supermarket giant's merger, alleging that Kroger failed to use “best efforts” and take “all actions” to obtain regulatory approval. In addition to a $600 million termination fee, Albertsons is seeking “billions of dollars in damages from Kroger to put Albertsons and its stockholders in a healthy […]
Albertsons abandons merger and sues Kroger
Albertsons announced Wednesday that it plans to terminate its $25 billion merger agreement with Kroger and sue the grocery giant, accusing Kroger of not working hard enough to reach the deal. Judges in Washington and Oregon on Tuesday handed the deal a victory for federal regulators and consumer advocates who argued that the merger could […]
Federal, State Judges Block Kroger-Albertsons $25 Billion Merger
Two separate rulings on Tuesday blocked the merger of supermarket giants Kroger and Albertsons. The ruling by U.S. District Judges Adrian Nelson and Marshall Ferguson reflects widespread concerns about the potential harm to competition and consumer choice that affects millions of Americans. Judge Nelson of Portland, Oregon issued A preliminary injunction will be granted after […]