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Microsoft closes on $16 billion acquisition of Nuance

Microsoft has closed on its approximately $16 billion acquisition of speech recognition company Nuance. The deal, which was announced last year, helps Microsoft Corp. get more entren...

Ford's fork in the road: EV, internal combustion are split

Ford will split its electric vehicle and internal combustion operations into two individual businesses to accelerate its adaptation of new technology and the Detroit automaker said Wednesday that its ...

TD Bank bids $13B for First Horizon in southeastern US push

Toronto-Dominion Bank is buying regional bank First Horizon in a $13.4 billion all-cash deal, its biggest ever, hoping to broaden its footprint in the southeastern U.S. The deal woul...

Home Depot sales remain strong in 4th quarter

Home Depot saw its sales remain strong in its fourth quarter as it continues to benefit from a sizzling housing market. Sales for the three months ended Jan. 30 rose to $35.72 billio...

Exxon returns to Q4 profit as demand continues to improve

Exxon Mobil returned to a profit in its fourth quarter as demand for oil continues to improve. The oil and natural gas company earned $8.87 billion, or $2.08 per share for the final ...

Vista, Evergreen to take Citrix private in $16.5B deal

Affiliates of investment firms Vista Equity Partners and Evergreen Coast Capital are taking cloud computing company Citrix Systems Inc. private in an all-cash deal valued at $16.5 billion. ...

Huge demand at Caterpillar, but global supply constrains

Caterpillar's sales surged in the final quarter of the year despite ongoing disruptions in the global supply chain that have hit almost every sector of the economy. Executives said ...

Mattel wins back rights for Disney Frozen, princess products

Toy company Mattel has won back the licensing rights for Disney's princess and “Frozen" franchises. The reunion comes after Hasbro bested the rights for the “Frozen" and princess pr...

Shareholder wants Peloton to consider selling the company

Activist investor Blackwells Capital is asking Peloton to remove CEO John Foley and consider selling the company just a few days after a media report said the exercise and treadmill company was tempor...

Grand Theft Auto maker buys FarmVille company in $12.7B deal

Take-Two Interactive, maker of “Grand Theft Auto” and “Red Dead Redemption,” is buying Zynga, maker of “FarmVille” and “Words With Friends,” in a cash-and-stock deal valued at about $12.7 billion. ...

A weak quarter at Bed Bath & Beyond, and shares soar

Losses widened at Bed Bath & Beyond as a tangled global supply chain continued to squeeze sales and the home goods chain lowered expectations for its final fiscal quarter, and also its full-year r...

EV start-up Nikola settles with US for $125 million

Electric and hydrogen-powered truck startup Nikola has agreed to a $125 million settlement over charges that it defrauded investors after misleading them about its products, technical advances, and fi...

Kroger ending some COVID-19 benefits for unvaccinated staff

Kroger, the country's biggest traditional grocery chain, is ending some benefits for unvaccinated workers as big employers attempt to compel more of their workforce to become vaccinated with cases of ...

Dollar General opening more $5 or less Popshelf stores

Getting more bang for your buck used to be the mantra of dollar store shoppers everywhere, but times are changing - and prices are rising. As consumers continue to contend with esca...

Exxon Mobil ups spending on emission reduction plan to $15B

Exxon Mobil says it is boosting its spending on greenhouse gas emission-reduction projects to $15 billion over the next six years and anticipates meeting its 2025 greenhouse gas emission-reduction pla...