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Nissan, Honda Eye Potential Merger Nissan, Honda Eye Potential Merger
Nissan, Honda Eye Potential Merger Two of the world's biggest automakers may soon become one. Nissan Motor Co., Ltd. and Honda Motor Co., Ltd. have signed a memorandum of understanding (MOU) to discuss a potential merger aimed at revolutionizing the future of mobility and electrification.  Announced on Monday, Dec. 23, the goal is to establish a joint holding company that could significantly impact the automotive landscape, and potentially make the combined corporation the world's third-largest auto manufacturer. The merger aims to accelerate initiatives for carbon neutrality and zero traffic fatalities by pooling reso…

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by Joe Lombardi
Business
CNN To Shut Down Streaming Service One Month After Debut CNN To Shut Down Streaming Service One Month After Debut
CNN To Shut Down Streaming Service One Month After Debut Just a month after its debut, CNN is shutting down its streaming service, CNN+, according to CNN Business. Subscribers have until Saturday, April 30 to watch programming, at which point CNN+ will cease to exist, the outlet reported. The move comes amid a major shakeup in company management after CNN’s former parent company, WarnerMedia, merged with Discovery to form Warner Bros. Discovery. David Zaslav, the CEO of Warner Bros. Discovery, plans to instead house all of the company’s brands under a single streaming service, CNN Business reported. “In a complex streaming market, consumers wan…

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by Michael Mashburn
Business
Stop & Shop Reaches Deal With People's United Bank To Retain 27 In-Store Branches In CT Stop & Shop Reaches Deal With People's United Bank To Retain 27 In-Store Branches In CT
Stop & Shop Reaches Deal With People's United Bank To Retain 27 In-Store Branches In CT People’s United Bank has reached an agreement with Stop & Shop to continue operating more than two dozen in-store locations in Connecticut after previously opting not to renew a former contract. The bank and grocery giant announced this week that they will maintain in-store banking services in 27 locations in Connecticut as People’s United Bank works on a merger with M&T Bank. According to officials, these 27 Stop & Shop locations will continue to offer banking services: Stop & Shop on Reidville Drive in Waterbury; Stop & Shop on Main Street North in Southbury; Stop &…

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by Zak Failla
News
747 Employees To Be Laid Off From People's United Bank's CT Locations 747 Employees To Be Laid Off From People's United Bank's CT Locations
747 Employees To Be Laid Off From People's United Bank's CT Locations More than 700 employees of People's United Bank's Connecticut locations are set to be laid off. The Connecticut Department of Labor reported that between Oct. 1 of 2021 and May 20, 2022, 747 employees will be laid off.  The news comes after the company announced a merger with M&T Bank Corporation. NBC Connecticut reported that officials said 661 of the layoffs will be in the Bridgeport area, 42 will be in the Hartford area. The layoffs will reportedly impact 16 locations.

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by Nicole Valinote