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Analysis-Honda, Nissan tie-up requires something neither can spare: time

Honda and Nissan expect big benefits from their potential merger to create the world's third-largest auto group but intense competition from China raises questions about whether they can make it work in time. While the outcome is not certain and will depend partly on troubled Nissan making progress in its turnaround, they aim to finalise the deal by August 2026. Nissan's junior partner, Mitsubishi Motors, will decide by next month whether it plans to take part.

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Big banks planning to sue US Fed over annual stress tests, CNBC reports

This highlights the extent to which banks are prepared to go to persuade the central bank to scale back capital requirements the industry deems too harsh. The report comes just a day after the Fed said it was mulling major changes to the stress tests, which gauge the ability of a bank to weather losses during periods of severe economic downturn. These tests determine the capital banks must set aside to meet their obligations and also dictate the scope of dividend payouts and stock buybacks.

American Airlines Experiences 'Technical Issue' on Big Travel Day

The Federal Aviation Administration canceled a brief nationwide ground stop requested by American Airlines on Christmas Eve, one of the busiest travel days of the year.

Starbucks Barista Strike Expands to 300 Locations, Union Says

(Bloomberg) -- A Starbucks Corp. barista strike will spread to more than 300 cafes, according to its worker union, disrupting service at locations nationwide during the final days of the crucial holiday shopping season.Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayThe Architects Who Built MiamiReviving a Little-Known Modernist Landmark in BuffaloNew York’s Congestion Pricing Plan Still Faces Legal HurdlesNew York City’s Historic Preservation Movement Is Havi

US Futures Flag Muted Open After Tech-Fueled Rally: Markets Wrap

(Bloomberg) -- US equity futures edged higher in muted pre-holiday trading, signaling a subdued open on Wall Street after Monday’s tech-led rally.Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayThe Architects Who Built MiamiReviving a Little-Known Modernist Landmark in BuffaloNew York’s Congestion Pricing Plan Still Faces Legal HurdlesNew York City’s Historic Preservation Movement Is Having a Midlife CrisisContracts on the S&P 500 gained about 0.1% and those o

Brief American Airlines Groundstop Is Canceled, FAA Says

(Bloomberg) -- A brief groundstop on all American Airlines Group Inc. flights in the US was canceled, the Federal Aviation Administration said in an advisory statement.Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayThe Architects Who Built MiamiReviving a Little-Known Modernist Landmark in BuffaloNew York’s Congestion Pricing Plan Still Faces Legal HurdlesNew York City’s Historic Preservation Movement Is Having a Midlife CrisisAmerican Air had said it was exp

A year in review: the most important tech news stories of 2024

This year brought some truly innovate new products and updates from tech leaders

Salesforce Stokes Fight With Veeva by Snagging Drug Customers

(Bloomberg) -- Salesforce Inc. says it’s taking multiple large customers from former partner Veeva Systems Inc. in a mounting rivalry to sell software to the pharmaceutical industry. Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayThe Architects Who Built MiamiReviving a Little-Known Modernist Landmark in BuffaloNew York’s Congestion Pricing Plan Still Faces Legal HurdlesNew York City’s Historic Preservation Movement Is Having a Midlife CrisisMore than 40 cust

Stock market today: Nasdaq, S&P 500 futures edge higher ahead of Christmas break

US stocks looked set for a mostly muted open to a final, shortened trading session before the Christmas holiday,

Oil Gains in Pre-Holiday Trading With Focus on China, Trump

(Bloomberg) -- Oil gained in sparse trading ahead of the holidays while traders weighed reports of Chinese bond sales and President-elect Donald Trump’s roiling of international politics.Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayThe Architects Who Built MiamiReviving a Little-Known Modernist Landmark in BuffaloNew York’s Congestion Pricing Plan Still Faces Legal HurdlesNew York City’s Historic Preservation Movement Is Having a Midlife CrisisBrent traded

Biden to Decide on US Steel Takeover After Panel Deadlocks

(Bloomberg) -- A US national security panel has deadlocked on its review of the sale of United States Steel Corp. to Nippon Steel Corp., a procedural development that opens the door for President Joe Biden to block the transaction.Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayThe Architects Who Built MiamiReviving a Little-Known Modernist Landmark in BuffaloNew York’s Congestion Pricing Plan Still Faces Legal HurdlesNew York City’s Historic Preservation Move