Nissan shares plunge on report of merger with Honda turning south
CBSN
Japanese carmaker Nissan is backing out of merger talks with rival Honda. The merger was estimated to be worth more than $50 billion.
In a sharp turn from a previous plan to integrate the struggling company under a new holding company, Honda proposed making Nissan its subsidiary, the Nikkei business daily and other local media reported Wednesday.
"Strong opposition" within Nissan to this proposal was behind its decision to withdraw from the talks, the Nikkei said. Tokyo-based private broadcaster TBS published a similar report.
A Louisiana woman faces a charge of second-degree murder in the killing of a sports reporter found in his hotel in New Orleans during Super Bowl week, the Kenner Police Department said.
At least five Tesla vehicles in Las Vegas were damaged early Tuesday in a "targeted attack" with two vehicles fully engulfed in flames and others shot at with guns, authorities said.
The U.S. Food and Drug Administration will step up its testing for heavy metals in infant formula and review nutrients required in the products used to feed millions of babies, the agency and the U.S. Department of Health and Human Services announced on Tuesday.
Mexico is handing over one of the FBI's Ten Most Wanted Fugitives to the United States after his arrest in Veracruz, officials said.
The Trump administration plans to eliminate a major research body of the Environmental Protection Agency, possibly cutting more than 1,000 employees, according to documents on the government's reduction in force agenda.
Amazon is suing the U.S. Consumer Product Safety Commission over the government agency's order requiring the online retailer to recall hundreds of thousands of potentially hazardous products sold by other sellers on its platform.
Washington — A federal judge on Tuesday found that Elon Musk and the White House's Department of Government Efficiency likely violated the Constitution when they unilaterally acted to shut down the U.S. Agency for International Development.
An Immigration and Customs Enforcement officer provided new details about the Trump administration's deportation flights of alleged gang members, but continued to argue the government had a right to reject a judge's order directing the planes to return to the U.S., even if they were already in the air.
More than 3 million deaths are reported to the Social Security Administration each year. Among them, a small portion — less than 10,000 — are erroneous and need to be corrected, according to the agency.
Washington — Chief Justice John Roberts issued a rare statement Tuesday defending federal judges who have issued decisions against the Trump administration, saying that "impeachment is not an appropriate response to disagreement" with a court's decision.
Chinese electric vehicle maker BYD says its new cars can be charged in almost the same time it takes to refill a gas engine vehicle at the pump, giving the world's top EV seller a major advantage in a highly competitive market.
Washington — More than 24,000 workers at 18 federal agencies who were fired as part of President Trump's efforts to shrink the size of the government are now in the process of being rehired following a federal judge's order last week.
Investors are bailing out of U.S. stocks — big time.